QROPS Transfer. How to lose $180K.

Click here if this is your business
★★★★☆
3.6 / 5
From 8 reviews
75% of users recommend this
Click here if this is your business
  • Customer Service

  • Ease of Use

  • Value For Money

jrlcfc's review of Chase Belgrave - www.chasebelgrave.com

★☆☆☆☆

“QROPS Transfer. How to lose $180K. ”

Written on: 31/07/2018 by jrlcfc (1 review written)

4 years ago we transferred 270,000 GBP into a QROPS scheme managed by the person I dealt with. After quoting his writing for the Guardian and quotes from The Chartered Institute of Securities and Investments we proceeded. Our risk profile was cautious with an emphasis on protecting capital over return.

Based upon this we felt confident in our dealings. Fast forward 3 years and the fund is now worth 160,000 GPB and the person I dealt with asks us to give him 6 months to put it right or he would resign and pay us 15,000 GBP.

Come 6 months and the fund has gone down more and he refuses to resign as our IFA without a non disclosure form being signed.

By the time we get him out the picture in February 2018 it has lost even more and continues to do so as funds are front loaded with fees. After lodging complaints with every Financial Institution I could find it appears the person I dealt with and Chase Belgrave are not regulated by anybody.

Further, the quote from a man of the Chartered Institute of Securities and Investments appears to be a untrue. The Guardian washed their hands of him and now it appears that he has moved to Mauritius.

I can only assume this is a common practice for him and Chase Belgrave. I will be following this trail until I get my money back and can only take this opportunity to avoid the person I dealt with and Chase Belgrave like the plague.

  • Customer Service

  • Ease of Use

  • Value For Money

If you are commenting on behalf of the company that has been reviewed, please consider upgrading to Official Business Response for higher impact replies.
Report this review
Was this review helpful? 0 0