13 Comments

  1. Sharron
    August 3, 2020 @ 10:36 am

    As you say in one of your comments above “Let’s address the elephant in the room” This particular ‘elephant’ I’m referring to is Momentum Pensions Malta who, last week, were finally destroyed by the Maltese Arbiter for their consistant failings in their duties. But, strangely enough, not a word has been mentioned by our ‘champion’ Angela Brooks who loves to wade in knee deep with her usual insults. Why then is there nothing but silence? Possibly because she was in Momentum’s pockets to steer the victims away from them? Possibly because she always advised against the arbiter unless going through Pension Life and paying 1,500 pounds? Possibly too, because once again she has done nothing of value to anyone except take money from the people that need help and she has no intention, or capabilities to do so. Any comment would be appreciated!

    Reply

    • Shocked
      August 3, 2020 @ 7:25 pm

      Well said Sharron, we agree totally! The silence is deafening! Normally she can’t keep her mouth shut! Only when it comes to Momentum does she stay away, or the other suspects that allegedly pay her to keep quiet. Pretty obvious really isn’t it who’s side she is on, and it aint the victims, never has been! She is a blagger, not a blogger!!!

      Reply

    • Sheila Langridge
      August 7, 2020 @ 9:45 pm

      I saw that Arbiter WIN story published somewhere too Sharron.
      Momentum Pensions Malta lost claims without about 50 people I believe, that must’ve been worth a fair bit of money to them all.
      Such a wonderful achievement with all these Pension Frauds over the years coming to nothing, I feel delighted for them all, whoever they may be.
      Just wish my case would be sorted soon too, so that I actually get a Pension at some point in my life.
      So, yes I’m too suprised that nothing has yet been mentioned on this page!!! Weird!!!

      Reply

    • Angie
      August 8, 2020 @ 12:36 am

      I always advised against the Arbiter route if the complainant was not represented by a solicitor. If Momentum appeals, then the complainant will need to defend their complaint before a civil judge in Malta and will need a solicitor to act for them in court. It is always much harder for a solicitor to fight for a complaint which was not written in 100% correct legal terms, because there is the risk that there could be legal loopholes in both the complaint and the response by the ombudsman or arbiter. In the Bank of Valetta case, 400 complainants had their complaints upheld by the Arbiter, and the Bank of Valetta has appealed and now the case is going to spend several years going through the civil courts – with the complainants being represented by one of the top firms of lawyers in Malta – in a case which will cost hundreds of thousands of euros to fight. I think we should wait to see if Momentum appeals the Arbiter’s decision before jumping to any conclusions.

      Reply

      • Sheila
        August 8, 2020 @ 1:59 pm

        But, it’s very clear that no-one needs a Solicitor to complain the the Maltese Arbiter, they submit their claim with proof to the Arbiter & pay a small fee. I believe this is the process should be available to everyone, not just those who can afford it.
        The Arbiter has now ruled that Momentum Pensions Malta should reimburse 70% of the NET losses of those complainants & has given multiple points of law for doing so, which I’m pretty sure someone of his/her standing would not get wrong.
        In their own procedures it states that Momentum can only appeal on a point of law, not because they don’t like the verdict & that appeal will be through the court to the Arbiter – nowhere does it say that the complainant needs to be represented in court OR employ a Solicitor to do so.
        Not sure where you get your information from, but you must have missed a press report stating that they were going to Appeal on the 1st day of release of the decision, so I guess they must have some pretty hot lawyers to find an error in the Arbiters ruling so quickly & know they intended to appeal!!!!

        Reply

        • Angie
          August 8, 2020 @ 2:32 pm

          You are right. Nobody needs a solicitor to make a complaint to any ombudsman or arbiter. But ombudsman and arbiter decisions are appealed regularly – and sometimes the appeal succeeds (and sometimes it doesn’t). In the case of Hughes v Royal London, an ombudsman’s decision was appealed and the High Court overturned the ombudsman’s determination on a point of law. In the case of Bank of Valetta, the Arbiter found for the appellants, and the bank has appealed – so all the appellants will now have to go through the civil process, with a very expensive law firm. We don’t yet know if Momentum will appeal, so why not suspend judgment until we know for sure?

          Reply

          • Clare
            August 8, 2020 @ 5:49 pm

            Angie, your statement above is incorrect regarding Bank of Valletta. Seriously, you shouldn’t comment on things that you do not understand, it is misleading!

      • Sharron
        August 8, 2020 @ 3:08 pm

        Firstly, you might want to update yourself with regards to the BOV appeal case and secondly, note that the reason they appealed was on a point the arbiter made in paying ALL the victims including those which had already accepted compensation from BOV and signed away any further rights.

        Regardless as to whether Momentum Pensions Malta go to appeal or not, if you were doing your ‘job’ correctly, you would have reported on the win that has do far been achevied.

        IF MPM do go to the court of appeal it will be on something in the arbiter’s final decision and not our initial complaint. Please stop misleading people with your scaremongering.

        Reply

  2. Sandy Merchant
    August 3, 2020 @ 1:25 pm

    As you say in one of your comments above “Let’s address the elephant in the room” This particular ‘elephant’ I’m referring to is Momentum Pensions Malta who, last week, were finally destroyed by the Maltese Arbiter for their consistant failings in their duties. But, strangely enough, not a word has been mentioned by our ‘champion’ Angela Brooks who loves to wade in knee deep with her usual insults. Why then is there nothing but silence? Possibly because she was in Momentum’s pockets to steer the victims away from them? Possibly because she always advised against the arbiter unless going through Pension Life and paying 1,500 pounds? Possibly too, because once again she has done nothing of value to anyone except take money from the people that need help and she has no intention, or capabilities to do so. Any comment would be appreciated!

    Reply

  3. Susan
    August 7, 2020 @ 10:10 pm

    Weird how you promote ALL pension scams but not the Momentum win isn’t it, or is it??? Secondary scammer or what????

    Reply

  4. Sandy Merchant
    August 8, 2020 @ 4:32 pm

    Firstly, you might want to update yourself with regards to the BOV appeal case and secondly, note that the reason they appealed was on a point the arbiter made in paying ALL the victims including those which had already accepted compensation from BOV and signed away any further rights.

    Regardless as to whether Momentum Pensions Malta go to appeal or not, if you were doing your ‘job’ correctly, you would have reported on the win that has do far been achevied.

    IF MPM do go to the court of appeal it will be on something in the arbiter’s final decision and not our initial complaint. Please stop misleading people with your scaremongering.

    Reply

    • Angie
      August 8, 2020 @ 5:54 pm

      The reason I didn’t write a blog was because Momentum has 20 days to appeal and I didn’t want to write an incomplete piece. However, I may publish something next week even if there is no news on the appeal. If you think that what I write is “scaremongering”, may I humbly suggest you stop reading it?

      Reply

      • Sandy Merchant
        August 8, 2020 @ 6:24 pm

        Of course they have 20 days in which to appeal but what has that got to do with reporting the win so far?If you were going to wait for all things to be completed before blogging then you’d have nothing to blog about! You should report on the various stages as they happen. I am not referring to myself when I mentioned your scaremongering tactics, but I humbly point out to you, that there are people who read things that are not as well informed.

        Reply

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