store first

jimjames

GCA wrote: »

After listening to a radio 4 show and hearing about some of the claims made about the investment it seems to me, it has been sold to the wrong type of people without the knowledge or experience of investing needed to make the decision to invest. There are some interesting views and articles on

I'd agree that it's probably sold to the wrong type of people - those who don't understand false information and the fact any guarantees offered by StoreFirst are worthless as they are unregulated investments.


I'm not sure if you're trying to defend StoreFirst by saying that but to my mind StoreFirst knew exactly what they were doing and who they were aiming to sell to and it wasn't sophisticated investors. They wanted the gullible and people who didn't understand investments. Anyone with knowledge would have walked away instantly.

Chickereeeee

Doc_N wrote: »

BBC Radio 4 You and Yours investigates storage firm Store First

Odd that they did not mention the connection with Park First, I thought...

C

xasiax1

Can anybody comment on the investment in Park First (airport car parking) - is it the same type of scheme as with Store First?

jamesd

Just do an advanced search for Park first and you'll find that the answer is yes. Or read the message just before yours which says yes.

If you want 10-15% a year paid monthly from FCA regulated investments look into peer to peer where it's readily available.

dunstonh

xasiax1 wrote: »

Can anybody comment on the investment in Park First (airport car parking) - is it the same type of scheme as with Store First?

Its an unregulated scheme that no sane person would use (unless you were promoting it). It is the sister company of store first and look what has been happening there. The guarantees offered are worthless.

Tim Wixted, of the law firm Neglect Assist, said: “There is no liquid market — indeed, there is probably no market whatsoever — for the sale of airport car parking spaces.” He said the two-year guaranteed teaser rate smacked of a scheme that is “doomed to fail”. (source. FT)

Park First “looks modelled on the many foreign land and storage pods schemes we deal with that have lost pensioners thousands,” said Mr Wixted.

sol047

Has anybody successfully claimed against the pensions office who acted as IFA for several companies who placed SIPPS with this company?

AND

Has anybody sold their pods back to store first using the 'guaranteed buy back scheme' in year 5??

dunstonh

sol047 wrote: »

Has anybody successfully claimed against the pensions office who acted as IFA for several companies who placed SIPPS with this company?

AND

Has anybody sold their pods back to store first using the 'guaranteed buy back scheme' in year 5??

From what I understand, there was no IFA making a recommendation to invest in Store First.

Malthusian

In regard to the second question, the scheme seems to have got seriously underway in 2013, so for more reasons than one, probably not.

forgetthat

This could point people in the right direction:

http://www.moneymarketing.co.uk/advice-firm-compensate-loss-gar-storage-pod-investment/?cmpid=pmalert_2408380&utm_medium=email&utm_source=newsletter&utm_campaign=mm_daily_news

Bass1971

I have a storefist investment absolute con and lies I know have a company called united claims management suggesting I claim against them and funny enough they share the same address directors as the company that suggested them and gave financial advise in the first place !