Reply by Devere Group

As the most regulated independent financial consultancy in the world, deVere Group strictly adhere to international regulatory laws. By partnering with some of the world’s most respected investment providers, deVere are able to provide clients with trusted financial products helping them to achieve their financial goals and aspirations. Working in financial services can be hard but very rewarding; we provide full training turning our advisers into fully qualified financial planners gaining CISI qualifications.
Author's
Dallas, Texas
2.4K views
25 comments

OMG- Two high level Directors have resigned in nearly as many months. Simon Pratt (devere Regional Director) & Spencer Lodge (Middle East Regional Director).. Simon Pratt is currently on the run from Hong Kong Tax authorities Whilst Spencer Lodge has been named, shamed & publicly embarrassed. He is currently been sued by Elton John's AIDS charity because he failed to honer a $1,100,000 charity auction bid he made to spend the day with Elton and his partner David.

The troubled CEO Nigel Green has a very checkered past himself with BBC's Panorama program hot of his heels (WHO STOLE MY PENSION, you tube). Devere Group/devere & Partners/PIC/Worldnet/Inter-Alliance/Providence Capital and many other dodgy trust & DIRECT SALES OPERATIONS that Nigel is behind are currently waiting for the inevitable fallout.

Nigel Green, his loyal foot soldiers (Managers) are currently pushing a global recruitment drive in a last ditch attempt to fleece the unsuspecting expat exec/worker out of their life savings.

Devere are attempting to open as many offices as they can globally, fill them up with gullible recruits from UK that they have fed *** and bull stories to of great wealth. Devere have a great looking website, a media machine which is well oiled, constantly spurting out good stories about devere to try to cover all the bad press which inevitably finds it's way on to the internet.

The reason devere open so many offices is because it doesn't cost them a cent to do so. Initially the local Manager will pay key money open the office, all the office furniture will be leased unless already furnished. From this moment on the gullible recruits, so called consultants (sales staff) will pay for the privilege of working there. Generally this cost will be between $250-350.00 p/m. You pay for the heating, lighting, water, waste, paper, fax, electric, toilet roll, telephones. Devere do not take this from their operating cost because they don't have any. Devere are all geared up for profit, profit, profit at the customers expense (sales staff aren't excluded from this either).

You would think that Devere might pass this on to their clients by way of discounted products-Oh no, in fact it's the total oppersite, they front load all their lump sum products with 4% charge whilst being paid approximately 6% by the Bank or institution. 10% gain. Devere will pay 1.5% to the consultant if he's lucky. For devere QROPS they will sell you a vehicle that costs you 1.75% for life of the plan plus quarterly charges. For funds generally they like to stick you in high risk funds that they get extra commissions on at 4.75%. They will also hold back a good % of your money to make sure you have enough to pay a few years charges. Once this is all set up you can expect to have your funds changed around every 6 months to earn more commissions for devere, this is called fund churning.

devere are a GREEDY SALES ORG who have a complete disregard for customers & staff. They will be recruiting in an area near you so be warned-A good looking website, global offices, strategic alliances-What does it all mean? Gross mismanagement of your money, theft, lies, dishonorable people from the top right the way down to the bottom. All is not lost, there are much better companies to to business with, companies that will be honest, upfront. Companies that will have your interests as a priority, companies that can give you great products that aren't front loaded, fair charges & in many cases not for the life of the plan.

If it's a company that Nigel Green & his cronies are behind stay well clear.

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Anonymous
Dhaka, Dhaka, Bangladesh #616407

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Noneeded
Mountain View, California, United States #607606

To want to expose bad practice: send the link of this site and threads to everyone you know and ask them to keep sending forward...and just ask people to read and think twice before taking advise from anyone company listed in this site. Buy list of emails in the net, there are reasonably cheap and may help you to reach an incredible number of people in one hit.

Anonymous
Nuremberg, Bavaria, Germany #599337

It is very reassuring to occasionally google "deVere Group" and find that usually the second result is from pissed consumer .Poor Nigel must be devastated to know that sooooo many punters, or in scam parlance, marks, are zipping back up their wallets because a bunch of cowboys running a gripe site are giving his beloved deVere Group so much internet publicity.

Dont take it so bad Nigel, no publicity is bad publicity.

You are famous, and one day you might get nicked and end up like Bernie, perhaps if you get nicked in US you could share a cell with old Bernie and what larks you could both dream up together.But then again, compared to Bernie you are only an amateur .

Anonymous
London, England, United Kingdom #598628

Great post, has to be one of the best on PC to date about this sham company.They have robbed & tricked punters worldwide.

You only have to search BBC Panorama 'who stole my pension' to see what they are about.Google it now, see the truth about deVere.

Anonymous
#596772

Great comments & all very true. I know because I've been through their boiler room from start to finish.

Anonymous
#596369

1. The recruitment team in London is owned by Devere

2. The Directors get a share of ever product the advisers sell

3. The Senior Area Managers get a share for every product or fund sold

4. The area manager get a portion too

5. The advisor is at loss as he or she spends their own money to make a living and pay for everyone else

6. The cold caller gets a slice of the pie too

7. Devere have a share in the STM QROP scheme

8. Devere own Providence Life

End result, yes you will be told the grass is so green that it doesn't need watering as long as you remain with devere. Truth is, one day and maybe that will be a long long away. But one day you will have come to your own senses. Today, you may not believe all the comments made here, and that will be our learning curve.

Just so you know, devere will hire anyone who can lie and sell their or the institute products to make money for the entire chain just not you or your family. You can clearly see, it's a pyramid scheme.

Life assurance companies are reputable and have their compliance in order. They don't care, they need business through genuine brokers. Devere will make it genuine cos its YOU who fund it all for them.

Don't STOP, just go and work for the group and one day, you will not be reading but typing your remarks.

SPENCER LODGE

SIMON PRATT

MIKE COADY

GREG STOCKTON

NICHOLAS GRAMS

STEVE...

DAVID HUGHES

RUSSELL MORGAN

TYRONE SKIPPER

AUSTIN BLAIR

Just a few names you need to be familiar with = what, who are they?

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Anonymous
#536324

ohhh my god ,i cant believe anyone can fall in this *** company ,you have to be so *** to spend your money to go to one country and pay for everything and not a single support or help then finish your money and kick to your *** by Devere cause u not good enough for this company..

please i was *** enough to go to malta spend my 1 week there thanks god i met a guy on the plain who worked in malta office and resign when he was going back to london told me everything about this *** company,how they still your money and your time and also force you to make cold calling for other sale people...

do not ever even go to their induction,nigel or andy might be one of the *** presentatian this people are double glasing sales people who chit the system and they using us to make millions for themself

god help you all if u start working for this *** people

Anonymous
#536322

ohhh my god ,i cant believe anyone can fall in this *** company ,you have to be so *** to spend your money to go to one country and pay for everything and not a single support or help then finish your money and kick to your *** by Devere cause u not good enough for this company..

please i was *** enough to go to malta spend my 1 week there thanks god i met a guy on the plain who worked in malta office and resign when he was going back to london told me everything about this *** company,how they still your money and your time and also force you to make cold calling for other sale people...

do not ever even go to their induction,nigel or andy might be one of the *** presentatian this people are double glasing sales people who chit the system and they using us to make millions for themself

god help you all if u start working for this *** people

Anonymous
#521228

95% Of all comments and reviews on this website are true, how do I know-because I worked for them for over 5 years. Deal with devere at your peril. Buyer be warned, buyer beware, stay clear of these parasites that feed off your hard earned savings.

Stitchedup
#504220

Gazza do not believe what the recruiter says.You will get no support for at least 4 months, you will be sourcing and cold calling without any help.

You will spend your own money and be forced to come home broke.

Even a quick deal will take 2 months to be paid and you will not be independent you will be selling products that are part owned by the owner of devere.Steer clear, only 1 in 10 is expected to survive

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