store first

JohnB47

Craig - I suggest that you edit your post and remove details of your mob and email. Just ask people if they will PM (Private Message) you instead, or in this case send manuman a PM and ask him for the info.

Keep an eye on the PM indicator just under the Menu, to see if you get a reply (there's maybe a way to get an automatic email notification if someone PMs you - can't remember but perhaps you could look it up).

Cheers.

PensionTech

Craig, have you seen this case? https://www.pensions-ombudsman.org.uk/wp-content/uploads/PO-6006.pdf

It was not upheld, but it may give you some clues as to the companies involved.

sol047

I won my case against store first / the pensions office with the FSCS and got a massive payout!!! TLW solicitors in north shields are the people to get in touch with!!!!!

Greenbeans

Hi there, I'm looking into making a claim through the same channels.Don't mean to be nosey but what was the fees % please? I've lost a large some in the last 5 years
Thanks

Malthusian

Greenbeans wrote: »

Hi there, I'm looking into making a claim through the same channels.Don't mean to be nosey but what was the fees % please? I've lost a large some in the last 5 years
Thanks

This may not be very MoneySavingExpert of me, but if I was in one of these schemes and had the name of a solicitor that had succeeded in getting someone's money back, I would be beating down their door to ask them to represent me first and asking questions about fees later.

(Albeit the chance of getting a payout likely depends on whether liability can be pinned on the SIPP trustees, or another regulated firm, and then on whether their PI insurers will pay out, more than it does on your choice of solicitor.)

Aretnap

Serious Fraud Office now taking an interest it seems, at least in some of the companies pushing this as a good place to transfer your pension to.

https://www.theguardian.com/money/2017/may/27/pensions-scam-self-storage-serious-fraud-office-warning

samantha1975

I've just won against Store First and got a full payout through FSCS which I'm over the moon about! After this all started coming out of the woodwork, I got in touch with Pension Justice (they were great by the way, highly recommend!) who did the claim for me.

If you're in a similar position as I was, you can definitely claim!! :T I'm currently trying to put together a 'task force' to raise awareness for people who invested in Store First and provide them with our stories to help them through the claims process. So if you need help with your claim, reply to me/send a message or speak to Pension Justice.

Good luck!

Malthusian

Samantha: For the benefit of other visitors to this thread can you give us some more details? Who was the firm in default whom you actually claimed against via the FSCS? It clearly wasn't Store First as they're still trading.

samantha1975

Malthusian wrote: »

Samantha: For the benefit of other visitors to this thread can you give us some more details? Who was the firm in default whom you actually claimed against via the FSCS? It clearly wasn't Store First as they're still trading.

Of course! Sorry my first post was a bit rushed. In 2012 I was contacted by a local company called Jackson Francis. I'm based in Liverpool (as were they) and I met them a few times, everything seemed completely legitimate. I was given advice which I went ahead with, to transfer my pension into store first.

I was given guarantees of 7% growth per year once the entire pension gets invested into storage pods. It was very cheap to set up and maintain, and I was sold on it.

Let me know if you have any more questions

Malthusian

So for clarity we should emphasise that it was Jackson Francis you won against and not Store First. Not that I am Store First's lawyer or anything - the distinction is important because Jackson Francis was - I assume - regulated by the Financial Conduct Authority and subject to the Financial Ombudsman Service and Financial Services Compensation Scheme, which Store First is not.

You were "lucky" (relatively) that you were given advice by a regulated firm which meant you could be awarded compensation for the bad advice, and when Jackson Francis did a runner you could claim against the FSCS. Unfortunately, as I understand it many Store First investors did not take regulated advice and therefore cannot be compensated via this route.