Three directors disqualified after pension mis-selling lost investors millions

The Insolvency Service reports that three individuals have been disqualified as directors following their roles in pension mis-selling which took over £44 million from would-be investors, after having advised their clients to transfer their pensions funds into Self-Invested Personal Pensions (SIPPs), but failing to adequately explain to clients that their money was subsequently loaned to high-risk investments based in Mauritius, and therefore not subject to regulation by UK authorities.

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