Pilots Pension transfer crash
If anyone has invested with Global eye then check on your funds. Some pension transfers have been invested with the normal investment houses, Skandia etc. They are advised to invest in what areas the financial adviser requests. As I was told today. Richmond Asset Management do this for Global eye. There managed funds dropped 40% in the last 12 months. Some investors were placed 100% with them.
I know turbulent times have hit everyone but this is extreme when a £100,000 becomes £60,000 in a year. A quote from Global eyes website.
"we have secured an arrangement with Richmond Asset Management (RAM), an independent asset allocator who actively keep track of each of the funds, and if they think that it would be financially prudent to make any alterations they will do so accordingly."
It appears to me that there is a tie up with a company that has seriously under performed. Your money may be put through Skandia but Richmand move it around.
Good Luck
Last edited by Desert Driver; 2nd November 2011 at 08:42.
Reason: TYPO