Lothbury Pension Administration?

Mancyouth

Following the court hearing last week, the judge ordered Barclays to pay the monies held on behalf of us (our pensions) to the court instead of to the administrator.The judge was very fair, and appreciated the frustrating situation we find ourselves in. He also made a point of highlighting how expensive administration is, and the extortionate fees charged by insolvency professionals.
We are now faced with having to fight Wilson Field (the administrator) in court (date to be confirmed) on why we (the investors) have a right to the money more than them (the administrator). It's shocking to think that our pensions could be swallowed up in a lengthy legal battle.
It's our money, held on trust by Lothbury- anyone can see we are entitled to it.
The best thing Wilson Field could do now is to give up and allow us to get at least something back from our original pensions.

waggy307

Very misleading conversation with Nick Cusack today who told me the impending court case in Leeds is just the London case transferred,no mention of the fact its them who've brought this case up in what appears to be an appeal of the decision.He also said creditors get to say whether they agree with their fees,maybe just a bit harder to disagree when they have the money tucked away in their bank.
Detailed reports of what they've done and what their fees are will be sent out end of next week

Mancyouth

waggy307 wrote: »

Very misleading conversation with Nick Cusack today who told me the impending court case in Leeds is just the London case transferred,no mention of the fact its them who've brought this case up in what appears to be an appeal of the decision.He also said creditors get to say whether they agree with their fees,maybe just a bit harder to disagree when they have the money tucked away in their bank.
Detailed reports of what they've done and what their fees are will be sent out end of next week

Wilson Fields are now the claimants- Barclays are no longer involved as the money is being passed to the court to look after. We are the defendants in the next court case. It's a straight fight- we think the money should be ours and be allowed to apply to the court to get it. Wilson Field think they have a right to it (on what grounds I'm not sure).
It's very misleading of Nick Cusack to say its a the same court case IT'S NOT. I was there in London last Friday , he wasn't.
We are having to fight Wilson Field for OUR money. That's what the other 26 creditors (defendants) need to realise.
Wilson Field should do the honourable thing and step down to allow us to salvage some money from this mess.

waggy307

We're 26 individuals so i'm not really sure who is going to fight our corner against them in Leeds

chainbar_loyal

waggy307 wrote: »

We're 26 individuals so i'm not really sure who is going to fight our corner against them in Leeds

it is down to each individual to afford themselves representation

chainbar_loyal

waggy307 wrote: »

Very misleading conversation with Nick Cusack today who told me the impending court case in Leeds is just the London case transferred,no mention of the fact its them who've brought this case up in what appears to be an appeal of the decision.He also said creditors get to say whether they agree with their fees,maybe just a bit harder to disagree when they have the money tucked away in their bank.
Detailed reports of what they've done and what their fees are will be sent out end of next week

cusack is lying to you waggy the judge felt uncomfortable giving the money to wilson field due their sky high fees and the fact they want to pay daniel macks employees council tax building rates out of our money thats why the court have it.

robmatic

And all this before HMRC takes their cut...

We are seeing on this thread a good example of why attempting pension liberation is a bad idea.

waggy307

And also a good example of people who are so perfect in their own lives that they can sit on their lofty perch looking down on us lowly souls and tell us where we've went wrong

waggy307

If Wilson Field win the Leeds case we (the creditors) have to pay their fees,if we win do they pay ours?

Mancyouth

waggy307 wrote: »

If Wilson Field win the Leeds case we (the creditors) have to pay their fees,if we win do they pay ours?

If you have legal costs then yes, in the same way I'm looking at Barclays to pay my costs for the hearing last week.