MI Group Pension, lost their details how can I find out ?

ClareandTheDogs

The MI Group in London sold me a couple of pensions/investments back in the late 80's early 90's. Due to a divorce and moving house more than 5 times since, I have lost their details. I have done an internet search on the MI Group with no results.
I cannot find who owns them now or even a telephone number.
I have been on the Governments Web Site to locate a pension, but the policy numbers are required, I do not have these to hand either.
Help!

xylophone

https://www.apjsolicitors.co.uk/is-my-sipp-safe-with-merchant-investors/

08/01/2019

Merchant Investors is a Bristol based company best known for underwriting high net worth life assurance and pension products. Initially part of Allianz (UK), Merchant Investors (also known as MI Group) was purchased by a South African investment company called Sanlam in 2003/2004.

ClareandTheDogs

I have found them on the internet.
Will begin to track my pension down now.
Thanks again, Clare

Snow_Dog

Its been many years since I heard the name MI Group.


If I remember right they were based in an office block somewhere round by centrepoint for a while - possibly had a floor there for a while and also offices north side of Oxford Street in the late 1980s.


I had a couple of investment policies with them, supposedly sold as 10 year plans.


Very high pressure sales techniques if I remember right and taught me a good lesson as a teenager.


Sorry if the above isnt of much use in your search but if you do manage to get anywhere and struggle to get a resolution then PM for more info on what happened with my policies.

cdesouza

Snow_Dog said:

Its been many years since I heard the name MI Group.


If I remember right they were based in an office block somewhere round by centrepoint for a while - possibly had a floor there for a while and also offices north side of Oxford Street in the late 1980s.


I had a couple of investment policies with them, supposedly sold as 10 year plans.


Very high pressure sales techniques if I remember right and taught me a good lesson as a teenager.


Sorry if the above isnt of much use in your search but if you do manage to get anywhere and struggle to get a resolution then PM for more info on what happened with my policies.

Sounds very familiar as I also was given that hard-sell around that time. Long story short I was sold a couple of policies which I stopped investing in a few years later. 
I have noted a number of companies offering to check if I am due compensation (i.e. TTP) and was curious to understand if you did manage to get resolution, how you went about it and what compensation was received.
Thanks, Chris

dunstonh

I have noted a number of companies offering to check if I am due compensation (i.e. TTP) and was curious to understand if you did manage to get resolution, how you went about it and what compensation was received.

Thanks, Chris

Why would the OP get compensation? - nothing in his post suggests he was attempting to get compensation or that there had been any wrongdoing.

Snow_Dog

dunstonh said:

I have noted a number of companies offering to check if I am due compensation (i.e. TTP) and was curious to understand if you did manage to get resolution, how you went about it and what compensation was received.

Thanks, Chris

Why would the OP get compensation? - nothing in his post suggests he was attempting to get compensation or that there had been any wrongdoing.

Sorry for the long delay in responding to this but thought I had something to add.

MI group back in the late 80's employed pressurised sales tactics, they were selling very long term policies designed to mature way down the line, however their main sales technique was to push these as maturing in 10 years with very overinflated examples of return.

At the time I wouldn't consider myself to be massively financially savvy and this was pre internet days so finding out information about this sort of thing was a little more difficult back then.

When I got to the 10 year anniversary of my first policy and was looking for the policy to mature it was worth slightly less than what was put into it. A friend of mine tried the method of threatening them with everything from the police to the fraud squad and the financial ombudsman. They sent him a cheque for the difference between the current value and what he had put in.

I contacted them and was a lot more polite and asked them to consider compensating me to the tune of what I would have achieved simply putting the money into a building society instead for the ten years and giving sensible examples. This they did without argument, so a silver lining when starting out asking nicely.

Modigliani90

ClareandTheDogs said:

I have found them on the internet.
Will begin to track my pension down now.
Thanks again, Clare

Hi Claire, 

Juts came across your post and wondering if you had any success and how you tracked down your MI Group pension, as I have the exact same issue as you had. 

Any tips are welcome. 

Thank you,

Claire