abbeywealth.com

4.4
4.4 Based on 160 reviews

Expert financial advice for expatriates, helping you make the most of your money - whatever your wealth status or life stage....

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John Smith
Since when is the Head of Marketing of…

Since when is the Head of Marketing of Abbey Wealth (Phill Pennick) allowed to write reviews about the Abbey Wealth performance? (see bellow)Bonus question, is Phill Pennick the same Phill Pennick mentioned in the post from pension-life.com from 2019?:"Another prolific CWM scammer was Phill Pennick. He, like all his colleagues at the unregulated Continental Wealth Management firm on the Costa Blanca, conned hundreds of victims into having their pensions and life savings placed into illegally-sold insurance bonds by OMI, SEB and Generali, and then invested in toxic structured notes provided by Royal Bank of Canada, Commerzbank, Nomura and Leonteq. Victims lost up to 100% of their funds while Pennick and the rest of Kirby’s team of scammers earned fat, concealed commissions from the insurance bonds and structured notes.Pennick went on to set up his own “IFA” practice – Pennick Blackwell – at two office addresses on the Costa Blanca: Albir and La Nucia. Former mortgage broker Pennick – and his associate Kristoffer Taft (former barman with no qualifications) proceeded to scam more victims and openly commit criminal offences by selling insurance bonds illegally in contravention of the Spanish insurance regulations. In the past few days, the Albir Pennick Blackwell office has closed down and been emptied of all furniture and light bulbs. It is not known whether Pennick (who had also been running an estate agency and a mis-sold mortgage claims management company) is now on the run or whether he has simply done a “phoenix” somewhere else. Certainly, the public should be wary and report any sightings of this serial scammer."

1
Date of experience: Nov 11, 2025

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