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Devere Group's reply to:

Devere Group in Doha, Doha - Disgusting thieves.

I have had an uphill battle with this company without any light at the end of the tunnel. My investment advisor has provided absolutely no advice, my investments have depreciated by over 50% over a period of 10 years and the only solution is to withdraw the funds and take the loss. Unfortunately the small print says that the funds will only be released once the investments have been sold. So for the next 10 years or so, the management fees and commissions will be paid until I suppose the investment ceases to exist. They should be strung up and shot for manoeuvring behind the smoke and mirrors of their marketing lies. I have subsequently been told that my financial advisor was thrown out of Qatar and the UAE, imprisoned in Oman and has left the company. Through other avenues, I discovered that he still works for the same company but behind a connect "separate" entity. Perhaps all the people that have been fleeced by this company should pay a personal visit to their offices.
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#1356271 Review #1356271 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group - Totally untrustworthorthy etc

Devere Group - Totally untrustworthorthy etc
In response to your email enquiring if DeVere have contacted me De Vere have never contacted ......me other that to sell more investments and the caller seemed to think I had taken 37,000 out of the account rather that the real 21,000 of which 15800 was A pcls There has never been any contact prior to my complaint I cannot withdraw any more ( over 5 quarters since last payment because the agent set the payment too high and the account will implode if I withdraw any more ) from the pension. one agent called to sell a qrops to my wife and in response to my problems said this is too complicated. ( email ) I have emails showing that the agent was aware that I wanted a PCLS but somehow the trustee did not get the instruction The docs sent to my wife show a fact find doc making 2,version one official and not seen before August 2018) and signed by me and one hand written and not seen by me prior to 22 august 2017 De Vere have chosen to use the hand written one to reject my complaint and have ignored all the other entries on the hand written version
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#1341455 Review #1341455 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group - Compliance doe,snt exist / qsb 481816

De Vere say there has been considerable contact from themselves, if so my letter box and telephone line must be as broken as DE Vere . The one call I have had was to sell more and he thought I had withdrawn 37k , Now I have found my wife (who also is a big loser to DV but offered £500 in respect of possible a 4k loss and which she refused) has been sent confidential documents ref my qrops . my comments about compliance 30 day cooling off commenced 8th mar but I was supposedly sent it on the 29th mar and there is so much more, it has taken me a long time but I have dug out the emails from the advisor. question ? would any savvy investor take on a fund with 5% initial charge and 3.07% annual charges had they known about them I don't think so ! a letter from the advisor says he didn't know of the charges so how then could he have declared them?
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#1316367 Review #1316367 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group in Zurich, Zurich - DeVere are very boastful in there claim, but there advisors

I had as many as 6 advisors and each of them does not recognise the mistakes made by the prvios one. The customers compliance office in itself dos tel lies, claiming that my pension investment was in profit when in fact it was in a large loss and suspended but deVere is still in denial. Come on DeVere owe up to your responsibilities and not just give boastful answers
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#1314364 Review #1314364 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group stole my family's money

My husband and I purchased a Generali "Vision Plan" #94035832 in Abu Dhabi through Devere Group, in July 2013. We are Americans who were both consulting in the UAE at the time. For the past 9 weeks (starting on 5/21/18), we have been trying to cash out our policy, having been fully paid in all fees and having an account in good standing. Devere Group and Generali REFUSE to release the the full surrender value of our plan, despite us following every ridiculous instruction. The Devere Acuma group in Abu Dhabi (evalyn.gomez@devere-acuma.com and jason.ambayec@devere-group.com Tel: +971 2 509 0500, Mobile:+971 52 984 6139) required an ENORMOUS amount of forms and documentation, all originals with original signatures, to be couriered to Abu Dhabi. Evalyn and Jason received the documents, confirmed that the documents were all correct, and stated that they will forward the documents to Generali in Ireland. Then the Ireland HQs REFUSED to speak to us. They received the documents and claimed that they were not the right documents. They (Thomas at international number 002539060222) further claimed that the plan we clearly have is illegal to purchase in the UAE. Therefore Devere broke the law selling it to us despite accepting our $3600US monthly payments for nearly 4 years. Thomas further stated that "he doesn't care what we were told." I think that is a side scam, b/c they are still asking for a completely different set of documents such as an original active lease, original utility bill, drivers' license, and a certified copy of my husband's passport...ALL TO PROVE OUR ADDRESS is what Thomas said. I have DOZENS of emails to prove our experience with Generali and Devere. We are initiating a lawsuit against Generali and Devere for refusing to release the full surrender value of our policy.
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#1305989 Review #1305989 is a subjective opinion of poster.
Product
Generali Worldwide Vision Retirement Plan
Devere Group's reply to:

Devere Group - Totally untrustworthy compliance as i understand does not exist

qrops de vere did not declare the biggest fees and the advisor by his own admission did not know of the spreads , initial fees that The trustee applied . the 30 day cooling off period in reality was 9 days had it been sent. In reality it was sent by email 60 days after the 30 day cooling off period expired. in addition the De Vere advisor falsified my signature no less than 3 times. De Vere response to that statement was that a international handwriting expert was required Total loss 11,000 in 30 months, compliance seemed not existent Nor was the DE VERE advisor truly independent in that he had only high charging funds to choose from
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#1302411 Review #1302411 is a subjective opinion of poster.
Tags
  • Qrops An Absolute Rip Off
Devere Group's reply to:

Devere Group - A simple question for deVere

Over the years, I have noticed that they come in waves - Continuous cold contact from people in different European offices in deVere group. Mail, LinkedIn and phone calls in double digit numbers per day. Persistent contact that does not take notice that that one is simply not interested in their services, nor a long winded discussion as to why. Such persistence implies that the company's interests are based on a deal and not my personal well being. Having never once provided my contact details to deVere, having changed phone number to avoid cold calls, and not having ever consented to deVere calling me, I would like to know how one can arrange to have one's contact details definitively removed from the groups numerous databases. A simple question to which one hopes to receive a simple, timely and concise response. To head off the standard, one is tired of being told to "tell the person calling to place you on the DNC list". The person calling has zero interest and my interest is to not be on any list in deVere, yet alone an ignored "do not call" list.
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#1301537 Review #1301537 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group in Genève, Genf - QROPS pension ... lost £150,000

Colin Kneale, a senior partner with deVere Group (Geneva) called me in August 2010, telling me he understood I was a British citizen now resident in Switzerland. He asked whether I had pension savings back in the UK and, if so, with how many different institutions. I confirmed that I did, and explained these funds were spread across four different funds. He then told me that I could benefit from the QROPS programme, established by law in the UK in 2006, which allowed UK citizens no longer resident in the UK to move their pension savings into offshore accounts that met specific criteria. He explained that by doing this, I could consolidate those various savings into a single account, making things easier to manage and make my money “work harder”. I agreed to meet him to discuss. At that meeting, he asked me to provide details of my UK pension accounts and to sign a letter authorising him to act on my behalf. I did this. A few months later, he told me that my UK pension funds had been consolidated and had a total value of £154,947. He then asked what level of risk I was willing to take with those funds and I explained, several times, that as these were my pension savings, my appetite for risk was very low. Colin recommended a plan with Providence Capital, the trustees of which were Sovereign Trust Limited. He assured me this investment was low risk, ideal for pensions as it would ensure the funds kept pace with inflation. The fund was established in February 2011. Of the £154,947, Providence Capital invested £153,197 in a bond with Royal Skandia International and deducted £1,750 for first year Trustee fees. Royal Skandia subsequently invested those funds in Four Elements Strategic Growth Plus securities. In March 2012 I received a valuation of the fund for year end 2011 which showed a slight decline to £145,684. At the end of 2012, the fund had reduced to £134,130 . At the end of 2013, the valuation was £109,087. At no time did anyone from deVere advise me to move my funds elsewhere. By the time I received the 2013 statement and sought to do so, I was told the account had been frozen. Today, it appears there is virtually no hope of recovering any of my savings. Given that (a) this entire event was prompted by an unsolicited call from a deVere agent, (b) I gave specific instruction that the investment vehicle for my pension savings be low risk and (c) at no time did deVere advise me to move the fund's elsewhere (advice that was offered to other clients), I believe deVere has failed in its duty of care. I would therefore ask the company to restore my pension fund to its start value, as defined in the annual valuation certificate I receive from Sovereign Trust. Many thanks
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#1291480 Review #1291480 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group - Deveres response that my claim has no merit. I disagree Mr Offen miss sold the FOUR ELEMENTS GROWTH PLUS FUND, by not disclosing the full facts. Mr Kerswell tried to hide the fact that the fund was su

You claim " go to the regulator" who is your full regulator in Switzerland. Yes I have gone to Polyreg you claim is your regulator, but they claim only to be responsable for money laundering. If Devere can not agree with this finding then please tell me and everybody in Switzerland who is the full regulator. Deveres response that my claim has no merit. I disagree Mr Offen miss sold the FOUR ELEMENTS GROWTH PLUS FUND, by not disclosing the full facts. Mr Kerswell tried to hide the fact that the fund was suspended and even tried to pay my pension out of a totally different account, this is not only incompetent that is fraud. Deveres complaints department Juliette Vincent claimed to my Trustees that my QROPS pension setup was up by 17.5% this was an outright lie. In fact it was 22% down and suspended. I believe my claim of the full refund has merit. I demand a full refund of £ 212000
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#1289776 Review #1289776 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group - Devere has lost me my QROPS pension with a investment of over £212000 The FOUR ELEMENTS GROWTH PLUS FUND is a fraud right at the top of Devere

I had several Devere advisors and and every one was seriously lacking giving fruitful advice. My QROPS pension advice by William Offen claiming to be top advisor of Devere promoted the FOUR ELEMENTS GROWTH PLUS FUND and was from the onset an insider trading scam, exclusivly sold by Devere to Devere. Not only a scam, but Offen left Switzerland even before the whole pension was set up and passed it on to a Jack Kerswell who was nothing more than incompetent. He even tried to have my annual pension paid from a different account. Devere claim they take complaints seriously, this is certainly not the case with my pension set up by Devere. So if you say what you are get on with it and sort my pension out and pay me back the £212'000 you have taken from me
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#1288130 Review #1288130 is a subjective opinion of poster.