Dodgy Pension Trustee

Davnik

I am increasingly fearing we have lost our money.
Hope Harris is enjoying the spoils of his crimes. He appears to have got away with it.

Davnik

It appears we have been well and truly shafted.
I have written to a couple of relevant parties in the past few weeks to see what is happening and they haven't responded.
And the FSCS are useless.

No one seems to give a !!!! anymore.

sibeks

I have received a payment because the just loans plc manured at the end of 2016 and finally got this bond back with the interest payments and the ecoquest interest payments. Still outstanding is my monies in the ecoquest bond which has already matured but they have to sell assets so it may be some months. At least for now though I have had something back from the Fixed Green pension 2012, from that dodgy Mr Harris via South Wales police

sibeks

I've been stressed over this since I tried to get a valuation in 2013 as no statements where coming through and Mark Harris was the trustee.
On my last attempt trying to get through, I ended up talking to the South Wales Police on the tel number in Swansea. The fraud squad was on the case and it's taken some time for the new trustee in Kent to sort out all the paperwork that Harris had obtained. In my case Mr. Harris had my pension pot worth more than 73k+ into two bonds Just Loans and Ecoquest and finally, in March 2017 the new trustee attached a statement via email and three months after that have received the funds with the interest coupons from Just Loans bond and the interest coupons from eco quest up to last year. So I'm still owed two interest coupons from eco plus the entire investment of 35k. I find it hard to believe why it's taking so long to get this payment and thinking of going back to the S.Wales police and see what they can do about the eco bonds monies am owed

Davnik

At least you have received something!

Davnik

So


This investment was supposed to have matured 31 12 17. We have received nothing as yet. Presumably they are not going to pay interest on our money they are still holding this year.
The scheme was officially closed 1 9 17.

We haven't received a statement for over a year and no details of the interest which was supposed to have been added 30 6 and 31 12 17.
Nor have we heard anything from the apparently useless FSCS who seem to move with the speed of an arthritic tortoise, despite receiving all the relevant information ten months ago.

Nor have we heard anything from the claims management company who are hoping to charge a whopping 30% (so far of nothing) to make phone calls, etc which we can do ourselves.
Nor have we heard anything from the police in over three years, despite assurances they would get back to us.
It seems Total Wealth Solutions have gone into liquidation and got away with conning people.
Harris has disappeared and got away with conning people, having made totally inappropriate investments without authority including 20 year ones from what was supposed to be a 5 year investment. And surprise, surprise, there is a also a problem with the stockbroker involved with these investments.
Eco Quest PLC still apparently have the bulk of our money and have so far not made good the promise of returning the debentures with interest after 31 12 17.


It seems all this lot have got away with it and the only ones suffering are the poor bloody investers who were at best misled and at worse conned.


I am now resigned to getting sweet FA back, however somebody should be made to pay for this scandal.

Malthusian

Davnik wrote: »

Nor have we heard anything from the apparently useless FSCS who seem to move with the speed of an arthritic tortoise, despite receiving all the relevant information ten months ago.

Total Wealth Solutions was declared in default by the FSCS back in January (so roughly a month after you sent across the information).

Ring them up and ask what else they need. If it's the CMC who hasn't supplied something they need, sack them and start a claim yourself. It isn't a difficult process.

Davnik

I have rung them many times. Just keep palming me off with 'it's being worked on.' They told me everything has to be read very carefully. Yes there is a lot of information, but I asked them if they read at the speed of a paragraph a month!
They are useless.


And if there are to be no criminal proceedings why don't the police at least have the courtesy to inform witnesses? They spent enough time gathering evidence from me.


I wonder if all these bodies we are relying on to help us had apparently lost money in the same way as we seem to have they would work somewhat quicker.

Davnik

Malthusian wrote: »

Total Wealth Solutions was declared in default by the FSCS back in January (so roughly a month after you sent across the information) .

This also shows how slowly the FSCS move as TWS went into liquidation at least six months before.


Doubtless Bates and his con merchants have started up another company by now.

Malthusian

Then I have nothing more helpful to say than "be patient".

The issue is not the FSCS' slow reading speed, the issue is that there are thousands of other people who took punts on unregulated investments who are in the queue to be compensated by those who stuck with boring regulated diversified investments.