HAVE YOU BEEN CONTACTED
BY CONSUMER MONEY MATTERS?
Consumer Money Matters were an unregulated marketing company who cold-called individuals in order to secure SIPPs into a number of investment ventures. A Self-Invested Personal Pension (SIPP) is a risky investment venture which places a large portion of your pension fund into an investment scheme. These schemes often promise big returns on your money. Far too often firms like Consumer Money Matters do not deliver the income they promised, and individuals are left without their initial investment with no hope of reimbursement.
SIPPs are a risky business and must only be considered by individuals who meet a certain criteria. It is recommended that only high net worth investors or Sophisticated Investors with plenty of experience and understanding of the investment market take the plunge into a SIPP. Unfortunately, there is no regulation on who or how pension funds can be used, and there is a hugely vulnerable percentage of individuals who don’t have the skills or finances to invest properly but are nonetheless lured into a seemingly rewarding investment plan. These are the people who suffer the most, and often end up missing a huge chunk from their pension pot with no way to claim back what they are owed.
Have you been affected by CL&P?
At My Claim Helper, we take care of all the legal stuff for you. Get in contact for more information.
Consumer Money Matters is categorised as an unregulated introducer, something that is growing in popularity to pry on unwilling victims. The growing scandal of mis-sold pensions is generating huge momentum, and the spread of introducers is only hastening the process.
UK Parliament has recently debated the act of cold-calling in relation to pensions and SIPP funds. It is expected that by 2019 the act of pension cold-calling will be banned – a welcomed change. That doesn’t account for all the years of unlawful calling though, and the victims-to-be targeted between now and 2019 will face the same problem of no income and no reimbursement.
Our advice is to only invest if you have a high-net worth or have extensive experience of investment. Otherwise, we urge you to research any companies you may come into contact with and conduct thorough research before deciding to invest your important retirement fund.
If you have been affected by Consumer Money Matters, or similar, we urge you to request advice from one of our expert claim handlers. We are specialists in reclaiming mis-sold pension money, especially from introducer companies like Consumer Money Matters. If you have, or suspect you may have a claim, you can contact a member of our team for free, expert advice with no obligation.
It’s time to take back what’s rightfully yours.
How do people fall victim to investment scams?
Many companies target inexperienced individuals who are not fully aware of the risk involved with investing. The FCA recommends investors should be one of the following:
An individual with plenty of experience of investing.
An individual with £250,000 worth of assets or an income over £100,000.
