My husband and I were pressurised into taking out a QROPS by Mike Fannin, of de Vere South Africa. He totally mis represented the charges, and now after nearly 5 years our pensions are down by £10K. The initial investment was too small to carry the extortionate charges, we invested??? 60k and 40k each. We are now taking deVere to the ombudsman to claim for compensation and damages, as also during this debacle they "forgot" to invest our funds for 18 months!!!! We have not had the so called obligatory quarterly review for 3 years now.
We are invested with Royal London 360' , Close Brothers bond, and Klienwort Benson. From what I read on other forums, RL360 are also a *** firm.
We are now trying to find a reputable financial adviser, to advise us how to get out of this mess, but I have to say that as soon as they hear the mess we are in with deVere they disappear like rats from a sinking ship. Obviously because they see no money in it for them.
Under no circumstances have anything to do with this company or this advisor.
Reason of review: Not as described.