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  • FIRST POST
    • happyhero
    • By happyhero 31st Mar 14, 1:16 PM
    • 1,089Posts
    • 54Thanks
    happyhero
    help please with Universal Wealth preservation Trust
    • #1
    • 31st Mar 14, 1:16 PM
    help please with Universal Wealth preservation Trust 31st Mar 14 at 1:16 PM
    Hi my mother is fretting over a scheme she has just paid for, one of those things where they tell you to take out a trust to protect yourself from inheritance tax so that that you can pass on more to your family rather than the tax man. She thought it was great at first but is now having doubts as to whether it is worth the money and does she really need it etc. I went to the first seminar with her and was with her for when they came round to arrange the trust she needed. She picked stage 2 and it came to £4000.

    Has anybody got any experience of these people or similar schemes?

    Once in the trust your property and savings/investments are protected from tax and any other attack basically.

    Both the seminar talker and the guy who came round have a bunch of qualifications in finance/investment and legal stuff, the seminar talker was a non practicing solicitor, i.e he used to be a solicitor before he did this.

    I like to think I am not easily swayed or taken in and both guys seemed nice genuine people plus I felt what they said made sense. I understood it all but my mother was worried that she did not. She feels all control will be taken away as they put the house and everything in trust whereas the way they do it is protect it in the trust and my mother becomes the boss for want of a better word and makes the decisions as to what will happen with everything, i..e who inherits what etc. Plus this way the property cannot be taken for things like care fees.

    I thought it was a good thing but my mother is now thinking of backing out and I must admit if she keeps being against it it does start to make me have doubts even though I was sure about it up till now.

    Can anybody tell me what they think or what would be brilliant if somebody has had this for a while and what their experience and thoughts of it are?
Page 5
    • grey gym sock
    • By grey gym sock 17th Mar 17, 1:07 AM
    • 4,045 Posts
    • 3,514 Thanks
    grey gym sock
    For the record, I was not sticking up for the company just the right of reply.
    Originally posted by Right of Reply
    in case you (or anybody else reading this) doesn't know how this works: UWT can reply, but they need to go through the proper procedure, and have an account set up as an official company representative account. this is (i assume) partly to protect them. i saw one post (before it was deleted) which purported to be from UWT, but i have no way of knowing whether it really was.
    • racey
    • By racey 17th Mar 17, 6:18 AM
    • 130 Posts
    • 44 Thanks
    racey
    I searched Companies House but couldn't find the records for Universal Wealth Trust. Does anyone know the correct company name?
    • Doc N
    • By Doc N 17th Mar 17, 7:08 AM
    • 6,194 Posts
    • 19,127 Thanks
    Doc N
    I searched Companies House but couldn't find the records for Universal Wealth Trust. Does anyone know the correct company name?
    Originally posted by racey
    These should help you:


    https://beta.companieshouse.gov.uk/officers/wTFPACM6IZyZlChRzXItfbNDRc0/appointments

    https://beta.companieshouse.gov.uk/search?q=steven+peter+long

    The last one includes all the Steven Peter Longs - only a small number relate to these companies, but it isn't just the one.
    • ColdIron
    • By ColdIron 17th Mar 17, 11:02 AM
    • 3,192 Posts
    • 3,633 Thanks
    ColdIron
    I support your right of reply, however it's probably worth remembering that there are several posters on this board who have had their posts removed or redacted as a direct consequence of complaints raised by Universal Wealth, and have been asked to not even refer to the raised complaint

    So whilst I sympathise with your inability to post, it is somewhat tempered by my inability to post due to your actions. Please remember that this is a situation of your making
    • Doc N
    • By Doc N 17th Mar 17, 11:38 AM
    • 6,194 Posts
    • 19,127 Thanks
    Doc N
    This is a small extract from a post that was made earlier today, but deleted:

    "I was posting as a person who happens to work at the company in question but not as the company. I know that we have applied for a corporate account so that we are able to post on here in the 'authorised' way but it has been 3 days and no one from MSE has even acknowledged the email."

    I've got no axe to grind, either way, on all this, but I would like to see the companies' response - or a response from Steven Long.

    Is it really the case that they're trying to set up a 'company representative' account to post, but have been unable to do so for lack of response from MSE over three days?

    Could a Mod comment please, and maybe explain for their benefit how to get round this apparent problem so that they can explain the difficulties that they've apparently been having more fully?

    I'd really like to hear from Steven Long, if he's in the country. Or indeed even if he isn't.
    • racey
    • By racey 17th Mar 17, 11:51 AM
    • 130 Posts
    • 44 Thanks
    racey
    These should help you:


    https://beta.companieshouse.gov.uk/officers/wTFPACM6IZyZlChRzXItfbNDRc0/appointments

    https://beta.companieshouse.gov.uk/search?q=steven+peter+long

    The last one includes all the Steven Peter Longs - only a small number relate to these companies, but it isn't just the one.
    Originally posted by Doc N
    Thanks.
    Couldn't see any reference to "Universal Wealth Trust" though.
    • Reaper
    • By Reaper 17th Mar 17, 11:51 AM
    • 6,086 Posts
    • 4,126 Thanks
    Reaper
    My guess, and I am only guessing, is they have rather shot themselves in the foot by issuing legal threats on everything (even where the grounds for complaint were were weak) as a first step. I imagine MSE is reluctant to let them post now for fear of a heated debate between disgruntled customers and the company with an increased chance of further potentially libellous statements making things worse.

    If they had asked for the right to reply first they might have had more luck. I still hope they get the chance to post. I am always up for hearing both sides - that is what the forum is all about.
    • Malthusian
    • By Malthusian 17th Mar 17, 12:04 PM
    • 2,404 Posts
    • 3,333 Thanks
    Malthusian
    Is it really the case that they're trying to set up a 'company representative' account to post, but have been unable to do so for lack of response from MSE over three days?
    Originally posted by Doc N
    Maybe the MSE person responsible for authorising company accounts is out of the country. Or seriously ill.
    • Doc N
    • By Doc N 17th Mar 17, 12:10 PM
    • 6,194 Posts
    • 19,127 Thanks
    Doc N
    Thanks.
    Couldn't see any reference to "Universal Wealth Trust" though.
    Originally posted by racey
    There's no such company, and I think references to that exact term may not be entirely accurate.

    Steven Peter Long (born November 1966) has connections with various companies using the word 'Universal' but it is possible of course that despite all the references to him in this thread he has nothing to do with any of it.
    • racey
    • By racey 17th Mar 17, 12:53 PM
    • 130 Posts
    • 44 Thanks
    racey
    There's no such company, and I think references to that exact term may not be entirely accurate.

    Steven Peter Long (born November 1966) has connections with various companies using the word 'Universal' but it is possible of course that despite all the references to him in this thread he has nothing to do with any of it.
    Originally posted by Doc N
    There is a website for "Universal" which mentions "Universal tax solutions" at the bottom - Steven Peter Long" is the sole director.
    There is a company called Universal Wealth Preservation based in Newcastle.
    It would be useful if someone could clarify which company the above discussion refers to.
    Last edited by racey; 17-03-2017 at 1:04 PM.
    • Right of Reply
    • By Right of Reply 17th Mar 17, 1:00 PM
    • 4 Posts
    • 0 Thanks
    Right of Reply
    Right of Reply
    What a surprise the individual who posted from the company had the post removed again, I think we all want to be able to see this so we can make our own judgements. From what I saw it is not saying anything bad about the other posts just her thoughts on the company she works for!

    Equally but probably more importantly it shows that the company has been trying to Post but for what ever reason they are struggling to get it on, I agree with the post above that is requesting a moderator to help get the post authorised.

    This whole debate has to me raised a number of issues for us all and that is why I have really got involved.

    1) Assuming that the company is trying to post. (The fact they did post earlier in the week gives the impression they are trying to get something on) I understand that it has too come from a verified source so in this I agree with MSE, but I do have a problem with the apparent time it is taking. During this time we can all post about the company and make our judgements but the company can do nothing. If they are proven to have done something wrong, small or large we should see it but at the same time if they are just an ordinary company there are lots of assumptions and negativity that could ultimately affect people’s jobs and livelihood. False (I don’t know if it is or not) information is a serious threat to us all and must be balanced.

    2) Why can the person / individual who is trying to post not be allowed to. Is it because they have said they are an employee? They are writing as an individual. If we take this track the ability to write will be taken from many of us. I read earlier in a Post that a poster said they were an IFA, which I don’t disbelieve (the post actually said that they had seen the presentation made by the company and they were factually correct) but if you take this line they should also be removed as we don’t know they went to the presentation or that they are an IFA. On a more generic note lots of good exposures about companies have come from people who work or used to work with companies and is anyone who says they used to work for a company not allowed to post by MSE , I think not.

    3) With regards to negativity around legal threats, I don’t know if there have been or not but we should all have the right to challenge what is said about us. We have over the years gone from not being able to notify anyone about possible wrongs to having great things like this forum to let everyone know perceived wrongs or concerns, but we need to make sure the pendulum doesn’t go too far. If people are potentially threatening livelihoods this should be able to be challenged not just dismissed or put down to them being guilty for actually challenging it. It would be a sad state of affairs if an individual or company on potential libellous matters has to try and defend themselves on these legal matters on a public forum, with no or limited rights of reply. MSE states quite rightly that if you can show that a post is inappropriate, offensive and unlawful then you can have it taken down, but that they will endeavour to protect consumers interests so they will not take things down without a reason. MSE should in my view be to raise matters of advice or concern and in this instance it has done that, but I would as covered like to have a counter balance and the right of both sides, company and individuals to post their own non libellous views.

    Can we please have the post reinstated from the individual or please can you repost it again and can the moderator look at getting an official reply.

    Sorry for my war and peace but I think there a key fundamentals in place and I feel it is quite topical with the focus on potential False News at the moment.
    • jimjames
    • By jimjames 17th Mar 17, 1:02 PM
    • 11,903 Posts
    • 10,284 Thanks
    jimjames
    I searched Companies House but couldn't find the records for Universal Wealth Trust. Does anyone know the correct company name?
    Originally posted by racey
    Posts have now been edited by MSE Investigator.

    Strangely my previous post seems to have been deleted which is bizarre as it contains publicly available info on their website. The company details are:

    Universal Tax Solutions Limited
    Registered in England and Wales
    Company No. 06825924
    VAT Reg. 153 2039 41

    Dencora House
    34 White House Road
    Ipswich, Suffolk
    IP1 5LT

    It would be useful for MSE to explain why information on a companies website cannot be posted here. I also notice that they're recruiting so anyone after a job might find it useful
    https://www.cloudonlinerecruitment.co.uk/Universal/
    Last edited by jimjames; 17-03-2017 at 1:07 PM.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • jimjames
    • By jimjames 17th Mar 17, 1:11 PM
    • 11,903 Posts
    • 10,284 Thanks
    jimjames
    Universal Wealth free tax planning seminar reviews
    There is a website for "Universal" which mentions "Universal tax solutions" at the bottom - Steven Peter Long" is the sole director.
    There is a company called Universal Wealth Preservation based in Newcastle.
    It would be useful if someone could clarify which company the above discussion refers to.
    Originally posted by racey
    The company details I posted are above. It's definitely the company with director Steven Peter LONG as the company number is the same as their website.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • racey
    • By racey 17th Mar 17, 1:13 PM
    • 130 Posts
    • 44 Thanks
    racey
    Posts have now been edited by MSE Investigator.

    Strangely my previous post seems to have been deleted which is bizarre as it contains publicly available info on their website. The company details are:

    Universal Tax Solutions Limited
    Registered in England and Wales
    Company No. 06825924
    VAT Reg. 153 2039 41

    Dencora House
    34 White House Road
    Ipswich, Suffolk
    IP1 5LT

    It would be useful for MSE to explain why information on a companies website cannot be posted here. I also notice that they're recruiting so anyone after a job might find it useful
    https://www.cloudonlinerecruitment.co.uk/Universal/
    Originally posted by jimjames
    So are we talking about Universal Wealth Preservation? Or Universal Tax Solutions?
    They are two different companies.
    • jimjames
    • By jimjames 17th Mar 17, 1:30 PM
    • 11,903 Posts
    • 10,284 Thanks
    jimjames
    So are we talking about Universal Wealth Preservation? Or Universal Tax Solutions?
    They are two different companies.
    Originally posted by racey
    Or is one the trading name? They may be different but it appears they are all part of the same group. Universal Wealth Preservation is the name used on their website where the company details are as above. The website is http://www.universalgroup.co.uk/
    Remember the saying: if it looks too good to be true it almost certainly is.
    • cloud_dog
    • By cloud_dog 17th Mar 17, 2:36 PM
    • 3,074 Posts
    • 1,652 Thanks
    cloud_dog
    Whilst this (these) situations are extremely serious for both parties (people involved and the company itself) it does make me chortle, in a people power sort of way, that the individuals from the company and the representation from the company appear very frustrated with the delay in responses for a request to post from MSE, or for the inability to defend the comments and information posted on this thread.

    It is probably a fraction of the frustration the OP (and I believe another contributor) has faced in being unable to obtain communications or progress their own issue(s) with the company!
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • Doc N
    • By Doc N 17th Mar 17, 3:04 PM
    • 6,194 Posts
    • 19,127 Thanks
    Doc N
    Well, goodness me - my posts now also seem to be suffering from an attack of the {Text removed by MSE Investigator} bug.

    The problem with all this is that it's simply causing what appeared to be a fairly insignificant but perfectly justifiable thread to get greater and greater prominence.

    I had no particular interest in, or view on, any of these companies, or Stephen Peter Long before all this started, but I have to admit to being very interested now.

    Perhaps time to revisit one of their seminars with a few more questions.
    • jimjames
    • By jimjames 17th Mar 17, 4:27 PM
    • 11,903 Posts
    • 10,284 Thanks
    jimjames
    Perhaps time to revisit one of their seminars with a few more questions.
    Originally posted by Doc N
    There's actually one on next week close by when I have a day off. I've registered to go so I think I will ask a few questions and see how they respond...wait for an update!
    Remember the saying: if it looks too good to be true it almost certainly is.
    • fergies_army
    • By fergies_army 19th Mar 17, 7:27 PM
    • 102 Posts
    • 64 Thanks
    fergies_army
    There's actually one on next week close by when I have a day off. I've registered to go so I think I will ask a few questions and see how they respond...wait for an update!
    Originally posted by jimjames
    Let us know how you get on ..... I wish I could be a fly on the wall at the seminar ... There is none near me for a while!!

    Seems some of my posts have been removed!!
    • Doc N
    • By Doc N 19th Mar 17, 7:47 PM
    • 6,194 Posts
    • 19,127 Thanks
    Doc N
    http://www.universalgroup.co.uk/seminars

    Quite a few seminars over the next month or so, if anybody's interested:

    ASHFORD
    WILMINGTON
    ESHOTT
    HEXHAM
    STAFFORD
    CREWE
    CHESTER
    BARNSLEY
    CHESTERFIELD
    RETFORD
    EAST GRINSTEAD
    MAIDSTONE
    SELSDON

    The one I attended was interesting, and there was some literature I'd have liked to take away to read through, but it was refused without giving them name and address details, which I wasn't too keen on giving. It all sounded very plausible, but (speaking obviously in general terms here) IHT schemes usually involve losing control of assets (risky), and nursing home fee avoidance schemes tend to get attacked by local authorities because the very act of enquiring about one is usually fatal to its success.
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