“Disaster. Lost nearly half of my investment due to them acting as trustees and accepting forged signatures on trading documents and dealing with unlicensed advisers.”
“They took over as Trustee of my pension, and allowed scammers to send in forged dealing instructions to purchase high risk investments. They knew about this but continued to let them carry on doing the same -whilst hundreds of others lost millions of pounds of pension savings. They have done no due diligence on the people they accepted business from, and have not taken care of the funds that were transferred to them.”
“What went wrong? The list is too long to mention, but suffice to say; had you followed your own guidelines with any integrity you probably wouldn't have 0% recommendations.”
“They are an utter disgrace, no due diligence, no duty of care to me their client. In disclosed fees, allowing toxic investor only investments by photocopied dealing slips or no dealing slips at all. Shame on you, and winning awards, that's the biggest joke of all”
“We will be asking the Maltese authorities to take legal ACTION against Momentum Pensions Malta for knowingly facilitating financial crimes carried out by Continental Wealth Management ( Daren Kirby) . I have reapeatedly challenged their Directors to prove my claim wrong. I ask again, did you still agree to be our Trustee despite being made aware of CWM's scams.”
“This company accepted forged trading instructions, and allowed my pension to be invested in high risk professional use only notes, and as a result lost 1/2 of my pension in less than 12 months. And they are still doing it. Disgraceful.”
“Sadly I the review does not allow me to put Zero stars. Momentum Pensions Malta Ltd have been the trustees of my pension for the past 4 years. In that time my pension jas lost over 60% of it's value. This company does not act in the best interests of it's clients. It charges extremely hi fees and is to be avoided at all costs.”
“They are supposed to be trustee's, however there processes and procedures are not robust enough to protect you from scammers - Don't trust them with your money. Unless your happy to lose it!!!!”
“If any anybody is interested in joining our huge class again you are Most welcome.
We have engaged a well known International Law firm who has taken on the action on a no win no fee basis. Good luck to Stuart Davies and his cronies get little bag packed Stewie.”
“After six months I am still waiting for my tax free lump sum. So far the charges for removing MY money stand at over £800 and the actual fund has lost over 4% of its value in just over 14 months due mainly to the extortionate charges. Every time I am assured I will receive my money I hear nothing and when I chase them for it I am informed of another £300 or £400 charge.
I do not entirely blame Momentum as my financial advisor should have been aware of the extortionate costs before investing my money.”
“Perhaps Momentum need to check the definition of the word 'Trustee'. Hundreds of clients entrusted them to keep their hard earned pensions safe only to find serious shortfalls in Momentum's admin and compliance procedures resulting in huge losses. Do Momentum care - it would appear not.”
“If your financial adviser suggests putting your pension into Momentum walk away.
I was coerced into moving my final salary pension into a QROP 6 years ago. Biggest financial mistake ever, the costs and fees taken are outrageous.
Now I am trying to draw the tax free lump sum told this take 4-6 weeks, now almost 3 months and still cant get my money!! Steer clear do your due dilligence, please check the Google reviews too.”
“Momentum Pensions do not fulfil their role as 'Trustee ' of their clients money, instead they accept fraudulent dealing instructions from unlicensed and unregulated so called advisors. They have known and been involved with this unscrupulous practice for many months. They do not care that people have lost their precious pensions, are suffering with stress and anxiety due to this. Instead they pass the blame solely on to the advisor.”
“Time for them to recompense those of us who have had our pensions destroyed by Continental Wealth Management and their accepting forged trading notes.
How would they feel if they'd been scammed out of their pension”
“Shame I can’t give no star rating. Momentum pensions have allowed financial advisors to decimate my husbands pension, through lack lack of due diligence. Don’t trust them with your money.”
“These pension "Trustees" I use the term lightly have managed to destroy my pension fund & have left me with a very frightening future. After working & saving into my pension all of my working life they have and continue to destroy what little I still have left..avoid at all costs..”
“As trustees of my pension they allowed CWM to buy high risk professional investor Structured Notes, against my instructions for 100% low risk investments. My fund is now down by 90k. Many of the dealing notes were unsigned or fraudulently photo copied signatures. Some notes were allowed to continue to purchase without being checked.”
“The word trustee implies they can be trusted to act in the best interests of their clients. However hundreds of people have lost millions of pounds through momentums neglect. Shameful disregard since as peoples lives have been ruined. Have paid compensation to at least one person in the same position but refuse to acknowledge the rest.”
