“Unfortunately they have sat back and allowed fraudulent dealings lose 18k of my pension fund.
To add insult to injury they continue to charge exhorbitant fees for a product that was never suitable for the size of my pension pot.”
“Momentum Trustee.... .. They need to look up the definition of the word 'trustee', as they have failed on every level. Accepting forged dealing instructions from an unlicienced, scamming company CWM, millions of pounds of hard earned pensions have been lost in toxic high risk notes and once they were made aware of these catastrophic failings, they have failed in their duty again by doing nothing. At present there are between 50 and 60 complaints going through the Arbiter's office. May justice prevail.”
“Not worthy of any stars. Failed in just about every way that a trustee could fail it's clients. Facilitated huge losses to my pension fund and dislaimed any responsibility. I and many others now face poverty in old age. Disgraceful company. DO NOT HAVE ANY DEALINGS WITH THEM!”
“Don't get involved with them as they don't care about you. I've lost two thirds of my pension but they were paid as TRUSTEES and accepted forged signatures on trading documents and dealing with unlicensed advisers.”
“Momentum accepted forged dealing instructions, placed funds into toxic high risk notes which were /are totally and utterly unsuitable for a pension pot to be invested into. There are at present over 50 Arbiter complaints in progress against them and their total breakdown as their role as Trustee. There are people, including ourselves, facing a retirement with no money due to their incompetence.”
“Trustees are supposed to have the best interest of their client, check Regulators to ensure they are licensed, check advisers such as CWM who were not and disappeared; Momentum authorise toxic high risk investments unsuitable; they lie allowing you to believe you will receive compensation for years without support; already aware of so many victims now with decimated pensions whilst even the Provider, and Trustees grow richer on high commission fees forcing the vulnerable OAPs to sell homes with ruined pensions and futures of poverty. Rating should be ZERO Momentum the Provider and Regulator should be in prison.”
“My pension has been decimated by this company by allowing scam companies to fraudulently and illegally use my money for their own gains! And still this company wants more of my money!”
“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.”
