Store First Storage Pod Scheme
We’ve come across so many sad stories in regard to unregulated pension investments and misleading pension advice in recent years. Although the investment vehicle may change, the end result is often the same, with a number of people losing significant sums of money on schemes that sounded too good to be true and turned out to be exactly that.
Store First offered a seemingly attractive scheme to potential investors, promising impressive returns over a period of years. Those returns, it was claimed, would increase year on year and eventually bring in a whopping 85% profit after just a six-year period. No wonder so many people were tempted, especially when they were advised to do so by brokers who were earning a huge commission.
Store First’s grandiose scheme involved the establishment of a network of self-storage facilities all over the UK. They had plans to set up 20 locations to start with and many more to follow, but in reality, fewer were built. Those that had invested their hard-earned savings were left out of pocket and feeling as though they had nowhere to turn.
It’s easy to see why they were tempted. Many of them were in their last few working years before retirement and were keen to make the most of their pension pots. By investing, they could potentially look forward to a more comfortable retirement and of course a chance to leave more behind for the benefit of their families. Some of their tales of hardship in the wake of this situation are little short of tragic.
Innocent investors fell prey to overly pushy advisors
Amid the fallout, there were reports of members of the public being cold called by slick brokers promising guaranteed returns for their money. Master agents are thought to have earned up to 55% in commission, so it’s easy to imagine how persuasive they were going to be when trying to get people to invest in this apparently attractive scheme.
Far too many men and women have lost way too much money at the hands of Store First, but we at Beat the Banks can help. Unregulated pension advice from those involved should not go unpunished, so if you were an investor we’d like to hear from you. There are a number of companies that might sound familiar to you, including:
• Dylan Harvey Residential Limited
• The Dylan Harvey Group
• Capita Oak Pension Scheme
• Henley Retirement Benefit Scheme
• Transeuro Worldwide Holdings
• Jackson Francis
• Sycamore Crown
• Imperial Trustee Services Ltd
• Omni Trustees Ltd
Poor pension advice is a serious matter, and if that poor advice was deliberate it becomes even more serious. Those pushing Store First often talked about guaranteed incomes and high yields, but the reality was radically different. This is a scheme that has left in its wake tales of abject misery from people who genuinely thought they were doing the right things to secure a more comfortable future.
Here at Beat the Banks, we work diligently to bring justice to those who need it most. The people we help aren’t mega-rich billionaires looking to enhance their already fabulous wealth, they are ordinary people who worked hard all their lives. They believed the claims made by supposed experts who apparently had their interests at heart. They were duped, and they ended up paying a very high price.
If you give us a call on 0800 193 1234, we’ll bring a sympathetic ear, the finest guidance and an honest, no-nonsense assessment of what can or can’t be done. Something needs to be done about your situation, so we hope you’ll get in touch soon.