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Angie News, Reports and Blogs See how fast your pension can disappear? One of these was reported by FT Adviser on 10th May Fast Pensions has also failed to communicate effectively with this office.

I filled in the contact form on the Fast Pensions website there was no address, email or contact number on the site and was contacted by James Porter. He told me that after some administrative problems in , he had been appointed in January to look after the pension queries for Fast Pensions.

He also said he was dealing with all the members and the Ombudsman. However, the members have claimed Porter takes days to respond and that Fast Pensions have failed to pay compensation they were awarded and to facilitate transfers out.

This is a virtual office with thousands of companies registered there and nowhere near where Porter appears to be based in Manchester or where Moat is based in Javea, Alicante, Spain.

There is nothing wrong with using a virtual address I use a UK one myself as I am resident in Spain. When we spoke a week or so ago, Porter a very personable gentleman assured me he was dealing with everything assiduously and that there would soon be a contact number and address so that worried members could contact the company.

He told me there were about members in total and he reassured me that the assets of the schemes were unregulated long-term loans held within bonds. He said he would be sending out a newsletter to update all those who are so anxious to know whether their pensions are safe and are desperate for news as to when they can transfer out. Unsurprisingly, nobody has any confidence in the custodianship of their pensions. Would you buy a second-hand house from the Moats?

I feel exhausted just thinking about running so many businesses and think I can understand why Fast Pensions has not received the attention it deserves when the Moats have so many other ventures all based in Javea, Spain. The address for some of these businesses is Avenida la Llibertat 31, Javea , Alicante. I have asked James Porter who the trustees are and for a complete schedule of the scheme assets. Many of the members suspect that Mr. Porter is actually Peter Moat. If this is true, then it is hard to understand why he would hide behind his pregnant wife.

When their baby is born and I do of course wish them well I hope they will be more decisive about names than Sara Moat is with her directorships on Companies House. Meanwhile, there are people worried sick about their pensions. Further, the fact that the underlying assets of the scheme are unregulated loans and that the trustees are an unknown entity.

It looks, sounds, feels, smells like a scam. The victims are not stupid. Neither is the Pensions Ombudsman. The jury is out on the Pensions Regulator. I still wish and hope that it is not a scam and that the victims will be able to safely transfer out their pensions and receive their awarded compensation without further delay.


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Total 1 comments.
#1 18.12.2018 в 10:48 Jonv:
Honest, too short news