We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Knighthood-property
jacqui_endean
Posts: 28 Forumite
Anyone had dealings with this company ? They state money supermarket recommended them. They are offering over 6% on £20,000 + fixed for a year. They are fca regulated and would give me a Tesco bond
0
Comments
-
If it sounds too good to be true - .....#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3660
-
1 -
I don't know the company, but based on your description I too wouldn't touch it.“So we beat on, boats against the current, borne back ceaselessly into the past.”0
-
You could try and find them on the FCA Register. Then, when you don't find them, you could/should report them to the FCA .1
-
I hope this wasn’t a suggestion to take a punt….masonic said:
On the other hand even if I did have the bargepole being used I wouldn’t touch this offering with it.2 -
My goodness no! Bargepoles at the ready.grumiofoundation said:
I hope this wasn’t a suggestion to take a punt….masonic said:
On the other hand even if I did have the bargepole being used I wouldn’t touch this offering with it.
1 -
Why would Tesco need to borrow from you, a random person, at 6% for a year via a company that no one has ever heard of? This is a common scam where they point to a corporate bond listed on the stock market that was issued years and years ago that you cannot actually buy today at a price that would earn you a 6% (or whatever) yield.jacqui_endean said:Anyone had dealings with this company ? They state money supermarket recommended them. They are offering over 6% on £20,000 + fixed for a year. They are fca regulated and would give me a Tesco bond3 -
They are registered on fcaDaliah said:You could try and find them on the FCA Register. Then, when you don't find them, you could/should report them to the FCA .0 -
It does seem to be too good to be true;but checked they are on fca register, and the Tesco stockers and shares looks ok0
-
They state money supermarket recommended them.Moneysupermarket do not make recommendations. They provide lists, and I think you will find it's not on any of their lists.They are fca regulatedYet they are not on the FCA register of regulated companies.
and would give me a Tesco bondTesco do not issue retail bonds.
There is a company at companies house (or rather was) called knighthood property but it was dissolved.in 2015 and never appeared to trade.
So, you have a company that doesn't appear to exist at companies house with FCA permissions but don't appear on the FCA register offering an interest rate that is unachievable with savings saying they are recommended by Moneysupermarket who do no such thing and it doesn't appear on their lists. Plus, they are going to give you a Tesco bond despite Tesco not offering them to the retail market.
Where on earth did you find this tosh?
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.8
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
