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-   -   Financial Mis-selling to expats (https://www.englishforum.ch/finance-banking-taxation/71732-financial-mis-selling-expats.html)

gata 09.08.2015 15:05

Re: Financial Mis-selling to expats
 
I had a call from some lady asking me if i got the new insurance info. She asked me who my insurer was. I told her im not allowed to change insurance companies because my employer arranges that. She apologised for wasting my time. Easy :)

GenevaSculler 09.08.2015 21:55

Re: Financial Mis-selling to expats
 
Quote:

Originally Posted by terramundi (Post 2430559)
New article in the Telegraph today:
http://www.telegraph.co.uk/finance/p...-billions.html

Interesting to see that the article mentions DeVere... I wonder if they will try to sue the Telegraph.

mirfield 09.08.2015 22:41

Re: Financial Mis-selling to expats
 
Quote:

Originally Posted by GenevaSculler (Post 2430824)
Interesting to see that the article mentions DeVere... I wonder if they will try to sue the Telegraph.

I thought the mention of them was neutral/positive in light of the other comments and distanced them from the others.

GenevaSculler 09.08.2015 22:55

Re: Financial Mis-selling to expats
 
Quote:

Originally Posted by mirfield (Post 2430841)
I thought the mention of them was neutral/positive in light of the other comments and distanced them from the others.

I didn't read it like that. For example:

Quote:

Originally Posted by The Telegraph
Telegraph Money has seen documents showing that deVere, which claims to be the biggest financial adviser in the world, sold a British man living in Thailand a pension through insurance firm Royal London 360 (now called Rl360) for which set-up charges came in at £45,554 – or 12pc of his £378,675 fund.

Followed by their spokesman trying to wriggle out of it... and:

Quote:

Originally Posted by The Telegraph
For example, a number of deVere customers were advised to invest in a portfolio called the Strategic Growth fund, where the money went into a mix of assets including property.
According to its 2009 factsheet, the fund, run from Switzerland, applied a 4pc upfront charge to savers.
It was suspended in 2012 and financial authorities are still investigating.

Given the overall negative slant to the article and the fact they are the first company picked out for mention and were mentioned twice, I thought it was quite clear what the reporter thought of them.

mirfield 09.08.2015 23:00

Re: Financial Mis-selling to expats
 
Quote:

Originally Posted by GenevaSculler (Post 2430848)
I didn't read it like that. For example:

Followed by their spokesman trying to wriggle out of it... and:

Given the overall negative slant to the article and the fact they are the first company picked out for mention and were mentioned twice, I thought it was quite clear what the reporter thought of them.

You're right, sorry I misread and saw the comment by Devere about charging nothing to 1% in isolation.

c123 24.05.2016 16:56

Re: Financial Mis-selling to expats -- Beware, one the prowl again?
 
I work in a company of a few thousand people and just got a call from the switchboard of a local office - a "friend" of mine (standard English name) from "DVG" was trying to get hold of me...

This set off a number of alarm bells and I explained to the guy (from my company) that I did not think it was a friend of mine* (could be, but did not recognise the name), did not know the company and suspected it could be a unscrupulous salesman again. I said to the guy from my company that he could give my email address to this "friend" if he wanted to contact me.

Anyway, DVG? Well that's pretty close to the "DeVere Group".

So be careful out there people, there are some very bad despicable and unscrupulous salespeople out there...


* Why would a supposed friend of mine call the switschboard of an office where I have never worked? How would a "friend" know where I worked but have absolutely no other contact details for me? How come I cannot think of any "friends" from the last ten years with that name? etc etc.

Reb77Br 28.09.2016 23:06

Re: Financial Mis-selling to expats
 
Oh-oh, what do we have here?

FSB confirms that Nigel Green was subpoenaed*
deVere conduct brought into question overseas

* some interesting comments too, e.g.
- "Is Nigel Green not the funny looking man who disables all comments on the You Tube videos? They have been known to hire carpet salesman and actually prefer having non financial services sales people. Says it all."
- " http://www.deveregroup.reviews/dever...716883435.html
Yet another unhappy deVere client who’s lost money in a Belvedere** fund. Such a common story."


** still registered in Switzerland under a slightly different name:
http://vs.powernet.ch/webservices/in...&lang=4&sort=0
"Cosgrove, David, citoyen irlandais et sud-africain, à Pointe aux Biches (République de Maurice)"
Belvedere Ponzi: The other kingpin – David Cosgrove
Belvedere Ponzi: The deVere connection – victim or partner?
Cosgrove and Kellerman blame Green/deVere

Juls75 28.09.2016 23:21

Re: Financial Mis-selling to expats
 
Thanks, but more of the same conjecture. And yes, still registered in Valais... As was UAM under N. Green. On the internet for all the world to see and yet his minions in the office said they had no idea if he owned shares of UAM or other wise known as the The Strategic Growth Fund. Then suddenly, his long-time secretary was the owner and it was then based in Mauritius...
Give me something solid to get to the bottom of this.

Reb77Br 29.09.2016 12:10

Re: Financial Mis-selling to expats
 
If you're directly affected you're surely more likely to have anything solid than anyone else.


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