Call for Information: TPS Land

JKWalker · 6 April 2017 at 5:52PM

Has anybody any experience of a company called TPS Land? They seem to have dropped off the map over the last few years, but they were ringing in (from Spain I think) to do pension reviews, which usually may have resulted in investments such as store pods and overseas property through SIPPs (Yes, I know...).

Does anybody know about them or their associated companies?

ermine · 7 April 2017 at 5:16PM

JKWalker wrote: »

but they were ringing in (from Spain I think) to do pension reviews, which usually may have resulted in investments such as store pods and overseas property through SIPPs (Yes, I know...).

If it looks like a scam, walks like a scam and sounds like a scam, then it is... a scam? Why the hell doesn't 'ringing in from Spain' set off all the alarm bells in the neighbourhood and tell you - run away

http://www.thepensionsregulator.gov.uk/individuals/dangers-of-pension-scams.aspx

First rule of finance. If an offer cold calls you then its not in your interest. End of.

JKWalker · 10 April 2017 at 3:29PM

Hi Ermine. I didn't say I was the one that invested, I'm trying to track down WHO the scammers were, and if they dealt with any regulated parties back in the UK who they introduced to in order to complete transfers. A lot of vulnerable people may have lost a lot of money and I'm part of a larger (none-corporate) group trying to work out how it all happened and whether justice can be served.

Make more sense now?

AnotherJoe · 10 April 2017 at 7:17PM

Always makes more sense when you don't drip feed information

Tiphanie · 15 June 2017 at 8:50PM

I am also trying to locate them as I was not cold called but introduced by another financial adviser. I invested £118K ( entire pension pot) through them with Storefirst, and in a SIPP using Berkeley Burke SIPP administrator( Leicester) who are regulated Storefirst is now subject to winding up proceedings in the High Court.

I am trying to take out proceedings against Berkely Burke so any information from anyone else would be helpful and I shall share anything I find out.

dunstonh · 15 June 2017 at 9:50PM

You take action against the financial adviser. Assuming it really was a financial adviser. The SiPP provider rarely carries liability.

sheffield61 · 23 July 2018 at 9:33AM

TPS Land are a scam, plz see my post on the STOREFIRST LTD page, TPS Land contacted myself about these investments in late 2012....

Brynsam · 23 July 2018 at 10:14AM

dunstonh wrote: »

The SiPP provider rarely carries liability.

That seems to be changing now, given the due diligence requirement placed on SIPPs, although probably too late for transactions which took place some years ago:
http://citywire.co.uk/new-model-adviser/news/advisers-back-fscss-due-diligence-ruling-against-sipp-providers/a1088999
https://www.professionaladviser.com/professional-adviser/news/3035416/fos-uploads-unregulated-investments-claims-against-sipp-provider

sheffield61 · 23 July 2018 at 3:23PM

I recently was awarded £50,000 via the FSCS against my former SIPP trustees, Stadia trustees, glad to say companies such as these now being forced to take some responsibilities....:beer:

dunstonh · 23 July 2018 at 3:46PM

sheffield61 wrote: »

I recently was awarded £50,000 via the FSCS against my former SIPP trustees, Stadia trustees, glad to say companies such as these now being forced to take some responsibilities....:beer:

They are not taking any responsibility.

The FSCS is funded by the good companies that are not doing those sorts of transactions. I have had to pay for you redress for example. The ones that did it haven't had to pay anything to you.

sheffield61 · 9 October 2018 at 7:31AM

Thanks.......

Call for Information: TPS Land

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