When the FCA refuses to act on clear evidence of fraud, it’s not just a bureaucratic failure—it’s a betrayal of public trust.
Victims like Paul Birch warned the FCA as early as 2017 that a so-called adviser, John Maurice Pye, was fraudulently claiming FCA authorisation. Internal FCA emails acknowledged the evidence. So did the Chartered Insurance Institute. So did multiple international regulators.
Yet the FCA took no action.
No warnings. No enforcement. No protection.
Instead, it’s now telling Paul—after years of silence, lost savings, and unanswered disclosures—that “there’s nothing further we can add.”
Let that sink in.
đź“Ś This was a UK resident, advising another UK resident, to transfer UK pensions to an offshore QROPS vehicle.
📌 The FCA had documentation showing the adviser wasn’t regulated.
đź“Ś Friends Provident International and MC Trustees UK facilitated the transaction.
📌 The FCA received over 60 separate submissions of evidence—then stopped replying.
And yet it still claims it bears no responsibility.
This isn’t about one complaint.
It’s about a regulatory culture of avoidance—where the appearance of oversight replaces real accountability.
Where victims are shut out, and fraudsters slip through the cracks.
If the FCA won’t act on its own intelligence,
📢 Who will protect consumers?
📢 Who will hold the gatekeepers to account?
📢 Who benefits from silence?
The system is rigged.
The victims know it.
And we’re not going away.
This isn’t just about pensions. It’s about the integrity of our institutions.
If the regulators won’t uphold the rule of law, who will?
About Get SAFE
Get SAFE (Support After Financial Exploitation) was born from a simple truth: too many victims of financial abuse are left to suffer in silence.
We exist in memory of Ian Davis—for the ones who did everything right, only to be failed by the systems they trusted. We know that behind every vanished pension, every ignored complaint, and every stonewalled letter is a person—frightened, exhausted, and too often alone.
Get SAFE offers more than sympathy. We offer structure, support, and solidarity.
We provide a voice where there’s been silence, and clarity where there’s been confusion.
We stand beside those who have been exploited, not just to help them recover—but to help them reclaim their story and rebuild their future.
Because financial justice is not a luxury.
It’s a human right.
If you or someone you know has been affected by financial exploitation, we are here.
You are not alone.
Learn more at: Get SAFE (Support After Financial Exploitation).
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