The Financial Ombudsman Service has upheld a complaint bought by five individuals who lost nearly £100,000 after transferring their savings following a free pension review.
The decision made by FOS could offer hope to thousands of other victims, who have lost their savings in SIPP’s, a successful way to claim back their money.
The […]
Know the potential financial risks before you commit.
As the summer draws to a close and the tans begin to fade, some of us may be looking into booking future holidays, hoping to secure a bargain by booking early. Others may be considering the prospect of investing in a timeshare or holiday membership, […]
The Financial Conduct Authority and The Pensions Regulator have issued a statement, to warn the public to be vigilant when receiving cold-calls, regarding pension investments.
The warning comes after 253 victims contacted Action Fraud to report pension investment fraud. This resulted in more than £23 million lost to pension scammers in 2017 alone. […]
A man has been sentenced to 13 years in prison, after he was found guilty of conspiring to con dozens of investors out of millions of pounds. Michael Nascimento, ran a call centre where investors were offered shares in fraudulent companies. But instead, the court heard, how he spent some of the […]
Five men have been jailed for a total of nearly 18 years, following a criminal prosecution by the Financial Conduct Authority. They have been found guilty of scamming more than 170 victims out of £2.8 million, in a complex boiler room scam.
The judge said “Some victims lost everything they had” and “their […]
Hilton Grand Vacations Expand To The Caribbean.
Hilton Grand Vacations has announced that it is expanding its timeshare holdings to the Caribbean, and is planning a purchase of The Crane Resort in Saint Philip, Barbados. It is expected to sell for $54.6 million.
Hilton Grand Vacations is acquiring the existing one, two and three […]
Police have been called in to investigate after a couple from Bristol lose a holiday home and £272,000 in life savings, after the collapse of a £10 million foreign exchange firm. Civil servants, Bryn and Trish Pailing were fortunate enough to retire early and were about to complete the purchase of a […]
Government saves £300m in two years by preventing fraud and error.
The government’s national Fraud Initiative (NFI) has saved over £300 million in taxpayers money, in a two year period. Chloe Smith, Minister for the Constitution, has announced over £300 million in savings, made from clamping down on fraud and error. “We are […]
Here at Mercantile Claims, we have the pleasure of helping many clients end their nightmare timeshare experiences and helping them reclaim money for contracts that were mis-sold to them. It is extremely rewarding to be able to help so many clients, who more often than not have been through years of financial […]
Another Timeshare scam, this time from Malta !
Police in Malta and the Malta Tourism Authority are investigating a timeshare company who allegedly defrauded clients out of thousands of euro’s. The company named as Platinum International Malta Ltd sold a timeshare membership with cost between €2,000 and €3,500 and promised to provide its […]
You are able to pursue a claim yourself to the Financial Ombudsman Service without incurring a fee
