momentumpensions.com

Momentum have knowingly taken referrals from unqualified agents Continental Wealth Management accepting forged dealing instructions and placed clients money into high risk policies decimating their pensions. Momentum lack of due diligence and quality checks is appalling. They do not safeguard pensions and certainly cannot be trusted to act as a 'Trustee'

This is becoming outrageous. No chance of following their actions. At least they could ask beforehand if we agree to such and such option. Maybe there are out some special ''lucky'' ones, that not get ripped off? Don't know where is the safest option now and even worst I fear it is the political elite being lobbied by financiers. The little clerks in the industry are not the cause but merely earn their decent wages from ''losses'' and ''inflation'' from our pension funds and investments. That's the system. Never enough. No responsibility and always someone else is wrong, not them. Why can't be straight? Being straight nowadays does not pay off? We can call it a scam though its apparently not in the legal meaning. Some pretend to be more clever than others. Even if this would be brought before the judge, they would find a clerk to be the culprit.

If I could give zero stars, I would! My pension was invested with Momentum by Abbey Wealth who claim to be regulated and registered in Switzerland as well as Spain and Ireland. They are shysters and should be avoided at all costs! Momentum obviously have some sort of deal going with Abbey Wealth Management, because they took my money - made themselves trustees, and reinvested it with Old Mutual, who refused to take instructions from me, because "I was not a trustee". They paid Abbey a fortune in commission and regular fees, took another small fortune for themselves which left me with less money than I started with 3 years previously. When I realised there was something smelling highly of scam or fraud, I contacted a different financial adviser who helped me to get most of my money back under my control - but that took something over 6 months and a lot of hard work, legal consultations and basic arguing with both Abbey and Momentum, not to mention fun and games with Old Mutual. Take my advice, don't deal with any of these companies. They will rob you blind!

Failed me as Trustees allowing two separate unlicensed advisors destroy my pension fund with high risk investments even though my request was low / medium. No respect or support for clients, just taking fees for nothing. AVOID !!

Momentum Pensions allowed my IFA to sign dealing sheets on my behalf that went unchecked, allowing them to invest in funds that I would not have approved of. Only after 6 months of fighting with them did I managed to built a full picture. They do not provide you with documents requested and are very difficult to deal with. They certainly do not have the interests of the customer in mind when allowing deals to take place.

Waiting 16 days for PCLS they say funds sent, my bank has no knowledge. Transferwise can do a transfer in about 6 seconds! £62,000 loss in 5 years, I am competely devastated. 39 years of saving and this happens.

Despite charging me ridiculous fees for supposedly taking care of my pension, they won't give it back to me. They got my money from a fraudulent "Financial adviser" too. Please do not deposit anything with these thieves, you will not get it back

I am a pensioner and have been trying to get my payment from them for 4 months and have not received anything. They have blamed the COVID crisis, their bank and everyone other than themselves, but I still don't have my money. How am I supposed to pay my bills? They are a SCAM, watch out.

The vast majority of reviews for Momentum, here, relate not to Momentum themselves, of whom I feel provide an exemplary service to their clients, but to the poor quality, commission laden 'advice' provided by unscrupulous financial 'advisers'. Do your research and choose to work with a properly regulated, fee based (no commissions) Chartered Financial Planner and you shouldn't experience any of the painful issues that the majority of these reviewers detail.

I also wish there was a 'no stars' option. This company have destroyed over a third of my pension fund - through exorbitantly high fees, investing in schemes which are not suitable for a pension and the really worst thing of all is that they couldn't give a sh*t that they have ruined mine, & many others like me lives. Shame on you!!

Hi Stewart, I write to thank you and your team at Momentum Pensions for the hard, painstaking and lengthy challenges experienced by you in securing the release of our pension funds from the Trustees in Hong Kong. I also would like to thank you for the regular communications that Momentum send to us. This was a rare commodity in the past. My wife and I are grateful for all your input and guidance. Please pass on our thanks to all of your team. Wishing you all the very best ... Ian and Lynne Patterson (Malaga)... Xx

How to be conned in one easy lesson and that is invest almost £69k in this Company and loose almost £40k of it in just 2 years. I think this Company preys on the elderly and need a severe lesson in how to handle hard earned Contributions from Salary from 1977 to 2010. Disgusting performance and one Star is not even deserved. Now they say that it is not them but another Company . As far as I am concerned my Agreement was with Momentum and nobody else. So wriggle out of that one. You aught to be ashamed of yourselves and shall suffer in Hell as far as I am concerned. I hope that you all can sleep well at night knowing what you are doing

Perhaps Momentum need to check the definition of the word 'Trustee'. Hundreds of clients entrusted them to keep their hard earned pensions safe only to find serious shortfalls in Momentum's admin and compliance procedures resulting in huge losses. Do Momentum care - it would appear not.

After six months I am still waiting for my tax free lump sum. So far the charges for removing MY money stand at over £800 and the actual fund has lost over 4% of its value in just over 14 months due mainly to the extortionate charges. Every time I am assured I will receive my money I hear nothing and when I chase them for it I am informed of another £300 or £400 charge. I do not entirely blame Momentum as my financial advisor should have been aware of the extortionate costs before investing my money.

Reading all of these negative comments below have one other common feature - CWM or Continental Wealth Management. It seems like CWM was the Financial Adviser which all of you hired - no one else. It must have been awful being forced to hire CWM as your adviser. You were all conned by CWM not Momentum, and now you are all going around as an angry mob and discrediting a company which did not force you to hire CWM as your adviser. For the record, I have been with Momentum since they started, and I did my own homework when I hired my Financial Adviser, and I am more than happy with the service and growth I have seen on my pension.

I only rated 1 star as could not review with none. this company is a total disgrace. Not interested in their clients, just the fees for doing nothing other than supporting fraudulent dealings in very high risk notes. Were dealing with Continental Wealth Management and also Trafalgar - International, If your monies are safe leave them where they are. You will only lose money and invite stress into your life investing with these desponds.

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