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  • FIRST POST
    • Chambers78
    • By Chambers78 4th May 17, 11:36 AM
    • 19Posts
    • 1Thanks
    Chambers78
    Investment Company says delay in payment
    • #1
    • 4th May 17, 11:36 AM
    Investment Company says delay in payment 4th May 17 at 11:36 AM
    Hi


    I am hoping for some advice. My in-laws had invested money with Liberty Sipp and GCC Management Ltd. They had had an email advising their investment would be aid to them on 1st May. After not having money go into bank and some chasing this is the response they have got :


    Please accept my sincere apologies, but as was confirmed to you by Liberty yesterday, there have unfortunately been unavoidable delays with returning funds to some clients' SIPP accounts.
    GCC Management Ltd is currently meeting with the accountants to finalise, and file YE 31st March 2017 accounts.
    As soon as these are finalised and filed GCC Management Ltd will be preparing repayment schedules for each client who has fallen due, and sending them to Liberty.
    A further up date will be sent to Liberty at the end of this week.



    Can they do this - just withhold money with no notice? In laws have no other income and are thinking of trying to get a loan but will struggle as bth retired? Is there anything that they can do?


Page 4
    • Gordon Knowles
    • By Gordon Knowles 26th Oct 17, 10:11 AM
    • 7 Posts
    • 0 Thanks
    Gordon Knowles
    Mark we have a group going to get our money back . When did this happen as there is paper work being sent out from Abbots and Fielding over the insolvency . Would this help you
    • Jocky1
    • By Jocky1 3rd Nov 17, 11:54 AM
    • 3 Posts
    • 0 Thanks
    Jocky1
    Hi Gordon, I am also an investor in GCC. Do you have details of how to join the group?
    • Gordon Knowles
    • By Gordon Knowles 5th Nov 17, 1:48 PM
    • 7 Posts
    • 0 Thanks
    Gordon Knowles
    Hello Jocky1 what is your name . Did you receive any paper work concerning GCC and who was it off
    • Jocky1
    • By Jocky1 5th Nov 17, 5:10 PM
    • 3 Posts
    • 0 Thanks
    Jocky1
    Hi Gordon, I am on the he creditors list sent to me by Abbott fielding. I was hoping to get in touch with more investors to see what path they intend to use. I've also been contacted by two claim companies wishing to act on by behalf but as yet have not signed up. Liberty have also informed me that they are using their voting rights to secure the appointment of a specialist insolvency firm to act as co-liquidators at Thursday's meeting.
    • Jocky1
    • By Jocky1 5th Nov 17, 5:17 PM
    • 3 Posts
    • 0 Thanks
    Jocky1
    Hi Godon,

    My name is John Snowden.
    • MelB0301
    • By MelB0301 9th Nov 17, 8:34 AM
    • 1 Posts
    • 0 Thanks
    MelB0301
    Hi Gordon, I too am an investor in GCC and have an interest in joining the group. My name is Melanie Burt.
    • Gordon Knowles
    • By Gordon Knowles 9th Nov 17, 9:16 PM
    • 7 Posts
    • 0 Thanks
    Gordon Knowles
    Hello Mel I have sent a private message
    • Jonathan Bradshaw
    • By Jonathan Bradshaw 11th Nov 17, 4:29 AM
    • 1 Posts
    • 0 Thanks
    Jonathan Bradshaw
    I have also had my pension stolen. Jonathan Bradshaw
    • Alexland
    • By Alexland 11th Nov 17, 7:45 AM
    • 2,717 Posts
    • 2,062 Thanks
    Alexland
    Very sad to read this - wish you all the best.
    • Pete Brock
    • By Pete Brock 15th Dec 17, 1:16 AM
    • 1 Posts
    • 0 Thanks
    Pete Brock
    Unfortunately I too seem to have been done out of my pension. Liberty told me they no longer deal in these type of accounts. Does anyone involved on here have any experience on how to fill out the proof of debt form sent by Duff and Phelps?
    • mf2009
    • By mf2009 11th May 18, 10:07 PM
    • 2 Posts
    • 0 Thanks
    mf2009
    Hello Gordon
    I am new to forums. I too am a victim of GCC. I have not had any correspondence from anyone now since last year.
    I have had solicitors contacting me offering to get my pension back for extortionate fees so I have not yet taken any action.
    I would be very grateful if you know any information that may help.
    Thanks and regards
    Mick
    • mf2009
    • By mf2009 12th May 18, 12:54 PM
    • 2 Posts
    • 0 Thanks
    mf2009
    Latest info
    Just wondered if anyone in this forum has heard anything lately?
    Liberty seem to have gone quiet. Wondering if any of us will get our money back.
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