We spotted a report in the Telegraph today concerning a company that were, at one time, well known in this area. A few unfortunate people who invested with them at the time may be interested to learn that this company, Fast Pensions, has been forced to suspend trading by the High Court, raising fears that hundreds of savers may have lost their money for good.
This is what the Telegraph had to say today…..
“Fast Pensions and five other related firms have been placed in provisional liquidation following an investigation by the Insolvency Service. Fast Pensions is the sponsoring employer of 15 pension schemes where it is thought around 250 people have invested sums adding up to millions of pounds overall.
Last year, Telegraph Money reported how some Fast Pensions savers had been blocked from accessing their money. Over the past three years The Pension Ombudsman, which rules on complaints relating to workplace pensions, has upheld over 20 complaints against the firm.”