02081331548

Anybody  know of roger hearn and adrian price working in this  field??

I would like to speak to anyone who is a member of any of the below schemes which have been put under the control of Dalriada Trustees for an article in The Times. Please contact me at leah.milner@thetimes.co.uk

Brownberrie Pension Scheme
Bucephalus Pension Scheme
Cranborne Star Pension Scheme
DGK Pension Scheme
LJK Ventures Pension Scheme
PPF Management Scheme
Queensbury DF Pension Scheme
Tallton Place Pension Scheme
The Lancaster Pension Scheme
The Portman Pension Scheme
The RJS Pension Scheme
Woodcroft House Pension Scheme

Leah, why don't you just hack into their phones. That what journalists normally do!!

I think that she would need to know who was duped by these "pension experts", in order to do that.

Seriously though, I think the journalists should investigate the activities of those organisations from abroad that set up these schemes and get unscrupulous UK accomplices to advertise them on UK websites.

They changed names yet again. This week's Chewins & Spicer scam site is called www.freemypension.co.uk

http://whois.domaintools.com/freemypension.co.uk

***
Domain name:
       freemypension.co.uk

   Registrant:
       A Chewins

   Registrant type:
       UK Individual
***

Contact number on this site is 01202 585 513
https://whocallsme.com/Phone-Number.aspx/01202585513

And address on bottom of their site 7, 36 Pine Court, Gervis Road, Bournemouth, Dorset BH1 3DH has been used by them before.

Hi John

I would be interested to know who you used and exactly what happens. I too am considering this option, and would be happy to share any experiences.

Guys, I am looking at some product where I get 25% cashback for investing in the pension scheme promoted by

http://www.abarcassolutions.co.uk

and my 100% pension fund remain invested. So ex. if I have invested 40,000 I get 10k back plus my pension fund value remains 40k.

I have also been offered 5% kickback to introduce other clients. The company above is working with

http://www.platinumbay.co.uk/

who is offering about 10-15% commission on investment. Now Platinum Bay is working with

http://www.sustainablewealthinvestments.com/index.php

who is again working with

http://www.ciblife.com/pension.php

Now it is such a big chain and I am really confused and looking for some help. I need some money asap but dont want loose my entire pension.

Please help me out.

Dave

Does any one have any news on an earlier comments with regards to http://www.pensions-management.co.uk/news/ful ... epay_loans.html ?

Surely the legal view will frame which schemes are compliant and which ones are not ?

The last news that I could find online was this article on money marketing from 14 October: http://www.moneymarketing.co.uk/pensions/pens ... 1039551.article

I should expect there will be more news reported after the court hearing in early December.

The legality , or otherwise, is of course an issue.

But what about the way in which the funds have been invested  ( Page 3 and 4 of this  http://www.dalriadatrustees.co.uk/files/20111006-ANNOUNCEMENT-3.pdf  ) ?

I wonder if the all the funds will be located? There are more issues here than just the question as to whether this scheme breached any technical UK pension rules. Suppose that it is found in court that the scheme did not breach pension rules? Do you think that there will be a cause for celebration? I sincerely doubt it.

The Cyprus investment side of things looks like it will be affected further  http://www.international-adviser.com/news/eur ... arket-paralysed  

This looks to be an awful mess from start to finish.

Just read this. Looks like you will get your answer this week.

http://www.ifaonline.co.uk/ifaonline/news/212 ... locking-schemes

Dave

I'm in the same chain I think, Platinum Bay and www.pensionassist.co.uk are the people I'm dealing with

It seems we hand over our pension to sustainable weath and get 25% cashback.

Now the 25% cashback sounds attractive as I need the 25% now more than I'm likely to need the pension fund in 20 years time.

I need some sort of assurance I'm at least going to get the 25% before i hand over my fund though.

The 25% doesnt get sent for 6 - 12 weeks after Ive signed on the line though, by which time my pension and the company Platinum Bay / Pension Assist could be long gone.

Have you found any further information ?

Nigel

I wouldn't ask the losers on here.

Whilst I would not phrase it like Trevor, he does make a point.

Go to a qualified firm of  IFAs( In the UK with UK authorisation) and run this past them. If this is not an FSA authorised scheme, then you will have no comeback if something goes wrong. Just like the pension reciprocation victims, as they will not be covered under the FSCS http://www.fscs.org.uk/ .

I agree with Tetanus before making any decision on any of my investments i always seek the advice of an IFA .That what they are there for .

As I understand it, the 25% is a commission payment based on the amount of money invested in the recommended fund. So what does that leave in the fund?

I ask you, what fund pays out 25% commission? Of course this is not going to be regulated.

Why do you think it's unregulated? Because it is a S.C.A.M

And the answer is...... illegal


http://www.moneymarketing.co.uk/pensions/high ... 1043412.article

I feel very sorry for those that were hard up and had to resort to unlocking their pensions. They are going to be in an awful predicament. I guess those that sold these, will disappear into the shadows.

For those that this affects, here is the judgement

http://www.dalriadatrustees.co.uk/files/20111 ... t-judgement.pdf

For those that introduced the schemes, expect to be brought into the court proceedings.

For those affected, it looks like they will not only have to repay the loans, but could potentially be hit with unauthorised payments charges from the taxman. Logic would suggest, in this case, that HMRC would not impose these charges if all monies were repaid. Whatever the outcome, there will be a lot of people seriously out of pocket here. Not only from the cost of the deal and the repayment of the loans( and tax?), but the "investments" that have been made that appear to be difficult to value.

Post some details please  i would like to contact you regarding group action