11025
Member of DD Central
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Post by 11025 on Sept 28, 2019 8:01:48 GMT
I don't think I should have posted the whole article ! Here is the link :
Collateral Article |
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squid
Member of DD Central
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Post by squid on Sept 28, 2019 10:02:49 GMT
Thank you 11025 for posting the link. In my opinion, the more media coverage about this issue the better. Thanks also to those who contributed to the article. |
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duck
Member of DD Central
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Post by duck on Sept 28, 2019 11:31:40 GMT
Thank you 11025 for posting the link. In my opinion, the more media coverage about this issue the better. Thanks also to those who contributed to the article. Clear and concise just what this mess needs. My thanks also to those who contributed, much appreciated.
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michaelc
Member of DD Central
Say No To T.D.S.
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Post by michaelc on Sept 29, 2019 0:48:33 GMT
In case its not clear from the electronic version, I just happened to buy the printed version and this article today was the main front page of the money section.  |
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Post by spareafewcoppersguv on Sept 29, 2019 9:10:44 GMT
In case others like to do the same, I have sent the link to this article to my MP, in support of my request for his support sent last week using the template kindly provided by duck |
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Sept 29, 2019 11:28:44 GMT
Have also just sent the link to my MP.
This gruesome story of gross incompetence from the FCA, being complicit in destroying our invested savings, needs a lot more oxygen.
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amanda373
Anyone downloaded the full transcript of the Court Session with the FCA. .?
Posts: 56
Likes: 76
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Post by amanda373 on Oct 4, 2019 20:10:48 GMT
For info my MP has already taken it up,with the FCA and I have given consent for them to discuss it with her. Watch this space.
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Post by bodroll on Oct 15, 2019 8:25:15 GMT
I had already written to my MP and received a reply from him and the Treasury Committee. I have now sent the link to request a follow up.
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hantsowl
Member of DD Central
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Post by hantsowl on Oct 15, 2019 12:52:15 GMT
I also have forwarded the link. My MP is contacting the FCA following my meeting with him.
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Post by brightspark on Oct 15, 2019 13:18:42 GMT
Can't see MPs getting very excited over this one at the moment with the much larger Woodford collapse hitting the headlines. Collateral investors are a phlegmatic lot but Woodford's customers will be squealing loud and long about 'safe' investments 'recommended' by Hargreaves Lansdowne. Their squeals will get louder and louder as they come to realise that their Administrators are going to go after every pound of flesh and then some that they now have under their control. Maybe self-invested pensions are not such a good idea?
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
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Post by ozboy on Oct 15, 2019 14:19:03 GMT
Maybe/hopefully, the FCA will consider COLL minor enough to placate us with Compensation? Certainly, it wouldn't cost 'em much?
I agree though, COLL Lenders may well get drowned out by the Clamouring Mongolian Hordes.
So we just SHOUT LOUDER, you know, PUNCH ABOVE OUR WEIGHT. 💪 😉
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bugs4me
Member of DD Central
Posts: 1,845
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Post by bugs4me on Oct 17, 2019 9:18:18 GMT
Maybe/hopefully, the FCA will consider COLL minor enough to placate us with Compensation? Certainly, it wouldn't cost 'em much? I agree though, COLL Lenders may well get drowned out by the Clamouring Mongolian Hordes. So we just SHOUT LOUDER, you know, PUNCH ABOVE OUR WEIGHT. 💪 😉 When BDO eventually finish their job - that's after stripping the carcass - after all, how long has it been now? Early 2018 for a relatively smallish wind down. And yes, I know the justifications about the computer system, etc but hold on a minute, BDO were or are meant to be 'experts' so no doubt they would have come across this scenario in the past with other assignments surely.
In my eyes, the whole thing stinks in addition to the shenanigans of the previous owners. So we'll be lucky to get a few pennies in the pound back.
The FCA, you know, that mob sitting behind a shiny office in London drawing fat salaries, will decide to can-kick our protestations by having a nice long winded enquiry which may point the finger at a few FCA shortcomings with recommendations but, and it's a big but in my book, any compensation will just add a few extra pennies to those we've already received.
Meanwhile, BDO will have moved on to another carcass and the FCA, well there will be a new management in town.
Best thing in my book is simply move on with any future income from this debacle treated as a bonus - like winning £25 on the premium bonds.
I feel sympathy for those who have lost funds they could ill afford to loose in the first place. I feel gratitude to those that a trying to get something done via their MP's. I feel though it's all going to finish up with words and very little action.
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bulletbill
Member of DD Central
Posts: 90
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Post by bulletbill on Oct 31, 2019 17:59:09 GMT
Maybe/hopefully, the FCA will consider COLL minor enough to placate us with Compensation? Certainly, it wouldn't cost 'em much? I agree though, COLL Lenders may well get drowned out by the Clamouring Mongolian Hordes. So we just SHOUT LOUDER, you know, PUNCH ABOVE OUR WEIGHT. 💪 😉 When BDO eventually finish their job - that's after stripping the carcass - after all, how long has it been now? Early 2018 for a relatively smallish wind down. And yes, I know the justifications about the computer system, etc but hold on a minute, BDO were or are meant to be 'experts' so no doubt they would have come across this scenario in the past with other assignments surely.
In my eyes, the whole thing stinks in addition to the shenanigans of the previous owners. So we'll be lucky to get a few pennies in the pound back.
The FCA, you know, that mob sitting behind a shiny office in London drawing fat salaries, will decide to can-kick our protestations by having a nice long winded enquiry which may point the finger at a few FCA shortcomings with recommendations but, and it's a big but in my book, any compensation will just add a few extra pennies to those we've already received.
Meanwhile, BDO will have moved on to another carcass and the FCA, well there will be a new management in town.
Best thing in my book is simply move on with any future income from this debacle treated as a bonus - like winning £25 on the premium bonds.
I feel sympathy for those who have lost funds they could ill afford to loose in the first place. I feel gratitude to those that a trying to get something done via their MP's. I feel though it's all going to finish up with words and very little action.
I’ve said it before and I’ll say it again, recovering data would have either been impossible or relatively straightforward, there is very little in between - source 25 years as an IT engineer and consultant. The entire thing stinks, it’s something you’d expect to happen in a banana republic not a regulated world financial hub. It disgusts me. I’m set to lose a high 5-figure sum but for my own sanity I’ve written the complete amount off, I hope BDO choke on it.
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k6
Posts: 266
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Post by k6 on Oct 31, 2019 18:16:00 GMT
When BDO eventually finish their job - that's after stripping the carcass - after all, how long has it been now? Early 2018 for a relatively smallish wind down. And yes, I know the justifications about the computer system, etc but hold on a minute, BDO were or are meant to be 'experts' so no doubt they would have come across this scenario in the past with other assignments surely.
In my eyes, the whole thing stinks in addition to the shenanigans of the previous owners. So we'll be lucky to get a few pennies in the pound back.
The FCA, you know, that mob sitting behind a shiny office in London drawing fat salaries, will decide to can-kick our protestations by having a nice long winded enquiry which may point the finger at a few FCA shortcomings with recommendations but, and it's a big but in my book, any compensation will just add a few extra pennies to those we've already received.
Meanwhile, BDO will have moved on to another carcass and the FCA, well there will be a new management in town.
Best thing in my book is simply move on with any future income from this debacle treated as a bonus - like winning £25 on the premium bonds.
I feel sympathy for those who have lost funds they could ill afford to loose in the first place. I feel gratitude to those that a trying to get something done via their MP's. I feel though it's all going to finish up with words and very little action.
I’ve said it before and I’ll say it again, recovering data would have either been impossible or relatively straightforward, there is very little in between - source 25 years as an IT engineer and consultant. The entire thing stinks, it’s something you’d expect to happen in a banana republic not a regulated world financial hub. It disgusts me. I’m set to lose a high 5-figure sum but for my own sanity I’ve written the complete amount off, I hope BDO choke on it. Can't agree more. And can't imagine there are people thinking otherwise.
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kaya
Member of DD Central
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Post by kaya on Oct 31, 2019 18:48:57 GMT
One day people will wake up and realize that they are living in a banana republic. Or actually something rather worse.
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