5G Futures: in May 2013 Garry John Williams and Susan Lynn Huxley were suspended as trustees of the 5G Futures pension scheme, and from trust schemes in general. Pi Consulting was appointed as the new trustee by the Pensions Regulator.
About 400 people had invested a total of £20m into the 5G Futures scheme – which were invested in high-risk, illiquid off-shore accounts, with insufficient diversification making them completely unsuitable for pension scheme investment. There was a complete lack of oversight of the investment, with no due diligence shown by Williams and Huxley – and the record keeping and scheme governance were a mess.
The funds are suspected of pension liberation through ‘loans’ to members. Williams and Huxley were found to have taken very high commissions on the investments – having taken nearly £900,00 in one year alone. This is all, of course, very typical of how pension scams are set up and run, and how pension scammers operate.
One of the most worrying things, however, is that the pension scammers don’t just leave the pensions industry and dedicate themselves to helping their many distressed victims – they start up all over again:
Garry Williams and Sue Huxley are now running Corporate Futures.eu
http://corporatefuturesgarywilliams.blogspot.com.es/2014/07/warning-do-your-homework.html
There are warnings out there in the public domain – but more needs to be done to name and shame the individuals and firms to protect the public. Hundreds of victims have already been financially ruined, but hundreds – if not thousands – could still be exposed to significant risk of losing their pensions and gaining crippling tax liabilities.
I am trying to find out , who to contact over the 5G pension scam, as I was contacted by the police and the trustees ,alas no report to me, since 2015 , as the last I heard it was going through court.??
Please can someone tell me who to contact , as they gave me hope that I might get some of my money back.
Regard
Mark Dorsett
You can contact Pi Consulting Trustee Services – they were appointed as independent trustees by the Pensions Regulator https://www.thepensionsregulator.gov.uk/-/media/thepensionsregulator/files/import/pdf/dn3968345.ashx
https://www.pipartnershipgroup.co.uk/
I have contacted PI Consulting with regard to the 5G Pension scam, however i am yet to receive a letter or update. How long am i to wait for a response.
Can i please know if i can achieve a return of my pension illegally taken.
Regards
Mr Ope Bankole
Email : [email protected]