Pay day loan company utilized 1.2m pension liberation scheme to pay for debts

Pay day loan company utilized 1.2m pension liberation scheme to pay for debts Three directors of a insolvent loan that is payday which received money from retirement liberation schemes were disqualified. Three directors of an insolvent cash advance company which received money from retirement liberation schemes were disqualified. Speed-e-Loans.com (SEL), utilized 1.2 million from personal investors through the schemes to fulfill its debts that are existing. Directors Philip Miller, Robert Alan Davies and Daniel Jonathan Miller have already been prohibited from acting as directors for nine, six and 5 years correspondingly for breaching fiduciary duties and the duties of care, ability and diligence. […]