store first

forgetthat

I complained to the FOS about my FCA regulated SIPP trustees over a year ago now. The FOS has recently deliberated on my case


Who was you FCA regulated SIPP trustee?

darkcrusader

I complained to the FOS about my FCA regulated SIPP trustees over a year ago now. The FOS has recently deliberated on my case. This damning report instructed my SIPP trustee to repay me the full value of my pension, this being circa £300,000....... This report from the FOS has forced my SIPP trustee into default two weeks ago.......

Thankfully my former SIPP trustees lodged my complaints to them to their PI insurers back in March 2015. The insurers have just told me that they will repay me the full value of my investments, this despite the £150,000 FOS limits.......

If the SIPP Trustees' PI insurers agreed to repay the full value of your investment, why was the SIPP Trustees forced into default?

Do you have details of which SIPP firm it was?

dunstonh

darkcrusader wrote: »

If the SIPP Trustees' PI insurers agreed to repay the full value of your investment, why was the SIPP Trustees forced into default?

Do you have details of which SIPP firm it was?

That seems strange if the PI insurers are paying out. Although there would be an excess. Maybe the SIPP provider didnt have enough money to fund the excess. If this is one of a number of cases, the multiple excesses could be the issue.

These dodgy schemes do seem to get processed through non-mainstream providers. So, capital adequacy may not be as strong. Everyone has been expecting increased numbers of SIPP failures, closures and consolidation given their lower capital adequacy requirements and the coming increases they will need.

sol047

dunstonh wrote: »

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

Hi, sorry for getting back to you only now, there was but i only discovered it once a law firm acting on my behalf found it as part as a FSCS case, it makes very interesting reading as the product wasnt suitable for me. I have also been instructed by the law firm that no compensation will be paid as 'technically' i haven't lost anything. yes the pod, if not tenanted, doesn't make me any money, but its still classed as an asset. I am placing the 3 pods i own up for auction then once i have it in black and white (if sold at all) how much i have lost either appendix to the original claim or start a new one. If anyone wants the law firms address please contact me privately.

craigstevens

has anyone any knowledge of a firm called CL&P from about 4-5 years ago, especially a guy called Ben Newman, or a female called Caroline robinson. and a female by the name of Tamara Slattery.
thankyou.
Craig.

Silvertabby

All I could find was 'Connecticut Light & Power'.

I do hope you haven't lost any money - but the fact that you are asking this question on this board doesn't bode well.

Malthusian

L&P would presumably stand for "Life & Pensions" but that means little. Two of the individual names are too commonplace to search for. Searching for <Tamara Slattery "Store first"> on Google gives me one result - this thread - and a message saying that search results have been deleted under EU 'right to be forgotten'. Interesting, but not helpful to the OP.

If you cannot get in contact with this firm using the contact details you had before then it is very unlikely you will find them.

Silvertabby

Just tried again with 'CL&P Ben Newman' and came up with a 'who called me from this telephone number' website. Looks like CL&P were some sort of pensions review company, and the quote copied below is particularly telling. Someone else did say that Ben Newman is NOT connected to Carey's, however, so if that is true then CL&P are even more dodgy than your usual run of the mill pension review company (if that's possible).

CL&P were a pension broker that i used to arrange my pension to be invested ,they arranged that carey's would be the administrators of any dealings with my investment with the company(Storefirst) that they suggested i should put my pension into. Ben Newman is the toerag that duped me into these investments,I hope that explains things.

barneygumble

Judging by the fact that Storefirst Ltd have a negative net worth to the tune of £1.4 million and only £114k in the bank I certainly wouldn't invest in them.

https://companycheck.co.uk/company/07463355/STORE-FIRST-LIMITED/financials#key-financials

craigstevens

hiya manuman, i am at the moment having trouble with Store First, i am in mt 5th year and i wonder if you still have the details of CL&P? Can you tell me if the Name [Removed by Forum Team] of that firm, or [Removed by Forum Team] of Careys ? any information would be gladly received. [Contact details removed by Forum Team].
thanks for your time.
Craig.