• Latest
  • Trending
high-risk pension schemes

Factory worker, 56 who lost about 34,000 of his entire life savings claims – The high-risk pension schemes

03/05/2019
Quick Ways to Get Followers on Instagram

Quick Ways to Get Followers on Instagram

27/05/2022

Start-up prep: Understanding the common pitfalls

10/05/2022
The standard 60/40 investment portfolio is dead: deVere CEO

The standard 60/40 investment portfolio is dead: deVere CEO

14/04/2022
Five of the Best Private Chefs & Catering Companies in Chamonix

Five of the Best Private Chefs & Catering Companies in Chamonix

03/03/2022
How fashion course help in fashion styling

How fashion course help in fashion styling

22/02/2022
Premier League matchday parking is almost double the cost of matchday parking in the Championship, new research reveals

Premier League matchday parking is almost double the cost of matchday parking in the Championship, new research reveals

08/02/2022
Why You Need an Updated Skincare Routine in the Winter

Why You Need an Updated Skincare Routine in the Winter

26/11/2021
Masham in Harrogate is the biker capital of the UK, new research reveals

Masham in Harrogate is the biker capital of the UK, new research reveals

17/11/2021
The British Brands Defined By Their Animal Association

The British Brands Defined By Their Animal Association

11/11/2021
5 Iconic Celeb-Inspired Shoe Trends We Can’t Resist

5 Iconic Celeb-Inspired Shoe Trends We Can’t Resist

10/11/2021
Top Reasons to Eat Superfoods

Top Reasons to Eat Superfoods

08/11/2021
A well-timed SMS will still be King of the Marketing Castle this Black Friday event

A well-timed SMS will still be King of the Marketing Castle this Black Friday event

08/11/2021
  • Authors
  • Write for us
  • Contact
Saturday, May 28, 2022
PostRadar
  • News
  • Business
    • Employment
    • Recruitment
    • Industrial
    • Marketing
  • Finance
    • Personal Finance
  • Property
    • Property Market
  • Lifestyle
    • Food & Drink
    • Healthcare
    • Consumer Advice
    • Fashion
    • Books
  • Travel
    • Tourism
  • Write for us
No Result
View All Result
  • News
  • Business
    • Employment
    • Recruitment
    • Industrial
    • Marketing
  • Finance
    • Personal Finance
  • Property
    • Property Market
  • Lifestyle
    • Food & Drink
    • Healthcare
    • Consumer Advice
    • Fashion
    • Books
  • Travel
    • Tourism
  • Write for us
No Result
View All Result
PostRadar
No Result
View All Result
Home Finance

Factory worker, 56 who lost about 34,000 of his entire life savings claims – The high-risk pension schemes

Dan by Dan
03/05/2019
in Finance
7
13
VIEWS
Share on FacebookShare on Twitter

Robert McCarthy who is now 56 claims that he was convinced to invest in the storage pods which could be a personal pension plan for him. He claims that he was mis-sold all the private pension slips and no one ever warned about the high risks which were compiled to his money.

The father of two said that investors said he had hopes of high return that they have not materialized with the use of buying long term leases for the pods for investment. Now the trail is still going on in the High Court, and after a week, the Manchester have ordered the liquidation of the Store First Company and their managers who are behind this scheme.

According to the Lancashire Telegraph, it has been said that a lot of people have invested in this business and have found themselves entangling into the mess of the scheme. He said that the money was meant for his children and solely for his requirement purpose. And now that he is left with nothing, he has lost everything he ever owned.

Robert worked for a battery factory for the past 13 years and have wanted to move his pension to the new scheme that was followed to him. After the economy slumped for the recession that happened in 2008, everything went downhill, and that is the reason why he wanted to invest in something for his near future.

He was advised by the agents of the Liverpool based company and the agents who persuaded him into investing.

What are these self-investment personal pension plans?

The standard pension schemes settle onto the manageable pool of funds which are chosen in by the insurance company. The Sipps are a form of a private institution which helps in choosing freedom to manage their own investment from time to time. Just like the normal ones, the tax is excluded.

Losing his funds made him sicker

Robert says that when he lost track of his investment that he made for the scheme of the company, he lost all the savings and were switched from the yearly statements formation which was managed to access his bank account from online.

When he called up the store, they said that the storage pods where he has been saving the money have been empty for two years. This means that they took all the money that he invested and kept him in the dark.

Upon receiving this news, he was shocked and claimed that the pods could not be empty since he has been storing some money for quite some time. He started to panic, and then things began shooting to him from his perspective.

There is new group litigation against the Berkeley Burke, and they are trying to call him under the schemes that he made for the innocent people and have taken their money in. Roberts’s case is now being handled by the best, and it is still ongoing in the High Court and he is about to get this compensation right from the management.

Tags: high-risk pension schemes
Share1Tweet1Share

Related Posts

Financial education community launches Academy as it aims to help 50,000 achieve financial independence

Financial education community launches Academy as it aims to help 50,000 achieve financial independence

23/06/2021
31
Five reasons to start trading forex

Five reasons to start trading forex

01/06/2020
29
Things to Consider When Choosing a Commodity Broker

Things to Consider When Choosing a Commodity Broker

14/05/2020
63
Merlin Entertainment Stocks

Waxworks didn’t pay off; Merlin Entertainment Stocks crash by 6.7%

29/05/2019
91
Atlas has a new captain

Atlas has a new captain

29/05/2019
68
Things Fallout for Tech Giant Huawei

Wall Street Glissades Down as Things Fallout for Tech Giant Huawei

29/05/2019
65
No Result
View All Result

Looking for writing opportunities

Get in touch to find out more.

Start Writing

Latest News

  • Trending
  • Comments
  • Latest
TalkTalk

TalkTalk: How To Make Customer Services Listen To Your Complaint?

07/05/2019
Pensioners

Pensioners: 2019 First Quarter Performance Revealed

03/05/2019
American stock market

How the American stock market is being affected by the current presidential run of Donald Trump

10/05/2019
“Margaret Beaufort of Bourne, Collyweston, Maxey and Deeping: The Tudor Dynasty” by Margaret Wainwright is published

“Margaret Beaufort of Bourne, Collyweston, Maxey and Deeping: The Tudor Dynasty” by Margaret Wainwright is published

23/12/2020
DB Transfer Inflows

DB Transfer Inflows At BJ Bell Half Over 12 Months

Hertz Deposit

£500 Hertz Deposit that somehow went “Undetected”

Fuel Efficient Petrol Cars

The Most Fuel-Efficient Petrol Cars You Can Buy

New Tax Reforms

Buy To Let Business Took A Hit In London With The New Tax Reforms

Quick Ways to Get Followers on Instagram

Quick Ways to Get Followers on Instagram

27/05/2022

Start-up prep: Understanding the common pitfalls

10/05/2022
The standard 60/40 investment portfolio is dead: deVere CEO

The standard 60/40 investment portfolio is dead: deVere CEO

14/04/2022
Five of the Best Private Chefs & Catering Companies in Chamonix

Five of the Best Private Chefs & Catering Companies in Chamonix

03/03/2022

Quick Links

  • Home
  • Authors
  • Contact
  • Write for us
  • Sitemap

Browse By Topic

  • News
  • Business
  • Finance
  • Lifestyle
  • Entertainment
  • Politics
  • Property

Recent News

News

Quick Ways to Get Followers on Instagram

27/05/2022
8
Business

Start-up prep: Understanding the common pitfalls

10/05/2022
19

© 2019 PostRadar

No Result
View All Result
  • Write for us
  • Get in touch
  • Home
  • Topics
  • Business
  • Education
  • Energy
  • Entertainment
  • Finance
  • Legal
  • Lifestyle
  • Politics
  • Property
  • Science & Technology
  • Transport
  • Travel

© 2019 PostRadar.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.