Guardian Pension Consultants/KJK Investments/G-loans - The buying of shares in a SIPP **WON £33K through FSCS**

[filrobbo]

Good morning , could someone please tell me if shares are bought for me, from money in a SIPP, should the trustees of signed the share form. I have removed my personal details, gut were it states the detail's of trustees is blank.

Thank you.

[filrobbo]

Ok thank you honey bee I do have the share certificate, but I was just asking should the share form be signed by the trustees.

[filrobbo]

The sip is run by Guardian Pension Consultants, I have a copy of the share certificate which states I have 61,443 shares @ £1.00 in a company called KJK Investments but is in liquidation.

 

Forgot to add, I have my statement to day from the Royal bank of Scotland that states I have 6p in the sip accout after GPC have taken some of there fee , which is £510 they have withdrawn £294.90, and left 6p.

[filrobbo]

Yes that's the one, mr tax man sent me a bill for £18.000, its still been investigated, if we have to pay this tax or not.

[filrobbo]

No I was told about the loan by a fried of a friend, and thought at the time it seed like a good idea.

[filrobbo]

Yes honeybee it was transferred from a council pension fund.

 

I had to put my pension into a SIPP and then invest in KJK Investments, so I could get a loan from a company called G-lones ,

 

I got a loan of £32k, they then took off the interest for the 1st year, I was told if I defaulted on the repayments of the loan, the pension when come to the end of its term, would be used to pay back the loan and interest , I would then receive what was left.

 

Sounds good, but seems I was taken for a ride, but still no debts and I still have a roof over my head, if I didn't get the loan my house would of been repossessed.

 

I have asked for a signed agreement that says, that I authorised a admin fee to be deducted from my account. But still nothing back yet.

[filrobbo]

Thanks ericsbrother yes I have seen something in the press, at the time I was told there wouldn't be any tax to pay because its a loan backed up by my pension.

[filrobbo]

Has anyone ever used or been party to , a special tax rule called “extra-statutory concession A19” (ESC A19) allows tax arrears to be written off if three conditions are met.

 

The first is that HMRC failed to make “proper and timely” use of information provided to it; the second is that the taxpayer “could reasonably have believed their tax affairs were in order”; and the third that no notification was sent to the taxpayer within 12 months of the end of the tax year in question.

 

1. I filled in a tax form when I applied and transferred my pension for the loan. 2. I thought my tax was in order. 3. The loan and the transfer of pension funds took place in the tax year 2009-2010, I received the first letter from HMRC in Jan 2012.

[filrobbo]

Ok thank you again for you help

[filrobbo]

Hi, good people,

 

                                       I have had some good news, yesterday I received on email from The FSCS, telling me they have completed their investigate into  Guardian Pension Consultants Ltd.

They have awarded me just over £33,000 for the lack of due diligence on their part, on investing my sipp into KJK Investments/G.Loans. I would suggest that everyone that as had dealings with this company, make a claim to the FSCS. 

 

Decision Letter.pdf

[filrobbo]

Hi yes, I would like this to be posted on the old thread if possible thank you.

 

[filrobbo]

Great thank you