I feel like I have been raped by Devere. The advisor William Offen was indeed friendly and had all the right words and illustration and convinced me to change my UK pension into a QROPS pension.
In fact he was nothing more than a confidence trickster. The low risk investment he claimed was needed for access for the annual pension, was in fact a high risk and not only that ,it appears that Nigel Green of Devere had his hand in the investment fund ( insider trading). My pension investment is frozen (im talking in several £100’000 capital)and is in the courts of Guernsey, but it is hard to say how long it will take to release this funds. In the meantime I have lost my annual pension.
Devere claim, that they are regulated by PolyReg in Switzerland, but PolyReg only refer you to Swiss lawyers and they want several thousand up front before they even talk to you.
On top of that I have not found one that actually knows what a QROPS pension is. If you have a similar situation, I feel collectively we could make Devere pay.
Product or Service Mentioned: Devere Group Customer Care.
Reason of review: Poor customer service.
Monetary Loss: $200000.
Preferred solution: Full refund.
Devere Group Cons: Scam.