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Fraud Notice:

Blacktower Financial Management have been made aware of certain fraudulent schemes that have been conducted by individuals or organisations claiming to represent Blacktower Financial Management Group of Companies.

This type of fraud tends to occur through online services including bogus websites, social media accounts, or through unsolicited emails or text messages. The aim of the fraud is to trick you into believing you are communicating with a Blacktower representative in order to enter into a business relationship with the goal of obtaining your personal information or money. Blacktower’s name, logo, and other Company information is used without permission to try to convey authenticity.

Fraudulent websites and companies with no association to Blacktower:

blacktowerfm-cfd.com

blacktowerfm.online

blacktowerfm.online

blacktowerfm.live

Blacktower Finance Management Group

Blacktower Finance Islands Cooperation

If you believe you are the victim of any fraudulent activity, we advise you to contact local law enforcement or financial regulator.

If you have any concerns, or receive suspicious communications that reference Blacktower, please submit an enquiry, through our contact us page : https://www.blacktowerfm.com/contact-us/

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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Expats a Factor in Huge Pension Withdrawals

Pile of CoinsExpat pension needs are one of the major reasons behind the £15.3 billion the Financial Conduct Authority (FCA) say was was taken from pensions during 2016/17.

The high level of withdrawals is no doubt attributable to the increased flexibility afforded UK pension savers by the introduction of landmark reforms over the past few years.

The £15.3 billion figure was disclosed following a Freedom Of Information request to the Financial Conduct Authority (FCA) and is a massive 173% increase on the £5.6bn that was withdrawn in 2012/13.

In fact, the second quarter of 2017 saw the highest quarterly level of pension withdrawals in five years – no doubt including many expat pensions withdrawals – with more than 40,000 people withdrawing £4.3bn from their pensions.

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The past few years have been a trying time for anyone navigating the world of investment or in possession of illiquid assets; the combination of disruptive events, including a global pandemic, political unrest, and economic uncertainty has created a turbulent market that has been almost impossible to predict. For many investors, the automatic response to […]

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