State: Abu Dhabi City: Abu Dhabi Clear all filters (6 of 275 reviews match)
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Devere Group's reply to:

Devere Group Abu Dhabi- I have lost nearly AED 100,000 as a result of this companies negligence.

Cheques given to them to pass on to my Financial account were not paid. The company contacted them and told them that payments were missing from my account and gave 90 days for money to be paid, and Devere failed to inform me of this. They informed me much later, and as a result my account was surrendered. The company my account was with have told me they contacted Devere several times about my account, and that Devere did not get back to them. Devere's negligence has caused us to lose nearly AED 100,000 of our hard earned money! I have complained, and all they can say is that there is nothing they can do about it. They do not deny that they failed to do their job as brokers, yet they do not offer any compensation for our loss. This has been a very sad and painful experience!
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#997023 Review #997023 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group in Abu Dhabi, Abu Dhabi - Defined benefit transfer to QROPS

I was advised to transfer my defined benefit civil service pension to a QROPS by a DeVere advisor and now realize it was a monumental mistake. Any impartial advisor with their client's best interests at heart would not have encouraged me to do so. The transfer value was fairly low (12.5x the annual pension amount at the time) meaning that I would have to make significant returns even to match the guaranteed payment from my pension. No comparison was provided to me and I was naïve enough to swallow the advisor's sales talk and I'm kicking myself now. He has likely cost my family a lot of money for his own personal gain. It is disgusting and immoral. Although I will complain to the UAE's regulatory body the protections here are minimal so please everyone beware. Get at least 3 sets of advice before you decide to transfer your pension.
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#875164 Review #875164 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group in Abu Dhabi, Abu Dhabi - Lack of transparency, mis-sale, devere in UAE

I am devastated by the way deVere took advantage of me and my investments. The company was not transparent with the charges and they chose funds so they can get the biggest commission (the purchase fee + annual charges are huge). Also deVere is not really independent - Nigel Green had shares with STM which is why customers were put into this investment without disclosing this information . In 2015 , deVere only had 1 review with me and they used that time to sell me another product - structured note and I immediately lost 30k US dollars. When I complained they sent me a paper proving I signed and it was my problem. The customer care is outrageous
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#791027 Review #791027 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group in Abu Dhabi, Abu Dhabi - Failure of a QROPS fund with DeVere

I transferred my UK Pensions across to DeVere in early 2012 into a "safe and well managed fund". 1st year seem to go well, although the annual statement was late in coming through (Aug 2013). However, this year in 2014 things turned completely. Two of the UAM funds had lost around 18% of their value, this equated to around 24,000 pounds GBR or $40,000. There were no explanatory notes, apologies, nada. When I called the sales guy from PIC (also part of DeVere), I was told briefly what happened. I then requested hard copies of what happened. This only came through after a lot of pushing and the documents were dated before the date of my first statement!!!, so they knew for an awfully long time that things where wrong. Surfing the net gave me no pleasure as this same route had been gone down many times by DeVere before, with the same people involved time and time again. The more I look into this, the more it is clear that DeVere have been negligent, and are accused of self investment and insider dealing. I'm now considering reporting the issue to the Financial Investigations Unit of the Abu Dhabi Police or going straight for legal action. DeVere's response to my queries has been awful. In effect, we have your money, and it's now ours. Avoid them.
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#482501 Review #482501 is a subjective opinion of poster.
Tags
  • UAM Fund failure
  • expat pension failure
Devere Group's reply to:

DeVere group Joe Woodhouse Abu Dhabi

Teachers of AD please beware...... It has come to my attention this fall , that there is a so called financial helper Joe Woodhouse working for the DeVere group that is working his way through teachers and some seem to get duped into his aggression! I cannot give much on the group but he should be banned from the UAE! All my colleagues that have fell for this are now looking for compensation.......... Best advice just stay away! ....... Check qualifications and don't listen to his bought friends , this is spreading fast but not fast enough protect yourself be safe and secure!
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#454367 Review #454367 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group in Abu Dhabi, Abu Dhabi - Pension Transfer

Got pestered this evening by a devere employee in a bar in Abu Dhabi making claims about being able to transfer UK pensions offshore. The person called himself Brian Adams. Claimed he could transfer entire UK public service pension schemes out of UK tax liability and also declared that existing UK tax benefits for public sector workers were being reduced. Claims to have transferred the pension rights of a British Army General of the name of David Atkins, who I never encountered in 20 yrs of service! He also boasted personal commission based earnings for this financial year in excess of 150000GBP I disputed his claims regarding the benefits his company could offer and he became aggressive! Dont touch this company....muppets
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#411415 Review #411415 is a subjective opinion of poster.
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  • Brian Adams

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