Resources For Mis selling, Fraud in Pension and Tax Relief Schemes
What is the problem?
Pension and tax relief schemes have long been government backed tools for investors to mitigate tax liabilities and save for retirement. However, these schemes have also been plagued by mis-selling and fraud, leaving innocent investors vulnerable to financial loss and reputation damage.
At Fraud Victims United, we're actively lobbying to ensure that HM Revenue & Customs (HMRC) distinguishes between innocent investors who have been mis-sold products or defrauded and intentional tax avoiders who seek to evade tax and cheat the system.
the problem
Pension scams and tax relief schemes have had devastating consequences for investors. Many have been persuaded to invest in schemes by regulated financial advisors, only to discover later that the schemes were fraudulent, mis-sold or not compliant with HMRC regulations. As a result, investors have faced hefty financial losses, tax liabilities, and legal challenges, particularly in retirement.
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Our Advocacy Efforts
Fraud Victims United is advocating for stricter regulations and oversight of pension and tax relief schemes to prevent mis selling and fraud. We believe that HMRC should take proactive measures to identify and penalise those responsible for promoting fraudulent schemes or carrying out fraudulent activities while providing support and restitution to innocent investors who have been victimised.
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Our Goals
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Protecting Investors
We aim to safeguard investors from falling victim to mis-selling and fraud in pension and tax relief schemes by advocating for clearer guidelines, enhanced due diligence processes, and improved investor education initiatives, especially for those nearing retirement.
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Prosecuting Wrongdoers
We advocate for stricter enforcement measures to hold perpetrators of mis selling and fraud accountable for their actions. This includes working with law enforcement agencies and regulatory bodies to investigate and prosecute those responsible for deceiving investors, particularly vulnerable retirees.
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Ensuring Fair Treatment
We're lobbying HMRC to adopt a fair and equitable approach to resolving disputes related to mis sold schemes. We believe that innocent investors should not be penalised for the actions of unscrupulous promoters and/or advisors, especially when it comes to securing their retirement.
Advice and Guidance
If you believe you have been a victim of mis selling or fraud in a pension or tax relief scheme, here are some steps you can take.
Gather Evidence.
Collect and organise all documentation related to the investment, including contracts, prospectuses, correspondence, and financial statements, especially those related to your pension fund or the schemes.
Seek Legal Advice.
Consult with a solicitor or legal advisor specialising in civil litigation to assess your options for financial redress and determine the best course of action.
Report to Authorities.
Report the suspected mis-selling or fraud to Action Fraud, HMRC, and the Financial Conduct Authority (FCA) to initiate an investigation and seek redress.
Contact Your MP.
Reach out to your Member of Parliament (MP) for support and advocacy on your behalf, especially if you're struggling to secure justice or fair treatment in your case, particularly in retirement-related matters.
Contact Information.
If you need assistance or support regarding mis selling or fraud in pension scams or tax relief schemes, here are some organisations you can contact //
Action Fraud:
Phone: 0300 123 2040
Website: Action Fraud Website
HMRC Helpline:
Phone: 0300 200 3300
Website: HMRC Website
FCA Helpline:
Phone: 0800 111 6768
Website: FCA Website
Don't hesitate to reach out for help if you are struggling with issues related to misselling or fraud in pension schemes or tax relief schemes, especially as you plan for retirement. Support is available, and you are not alone in navigating these challenges.
