"One of the UK's leading specialists in financial mis-selling…"
The Times
Tim Wixted, director at Neglect Assist, told the Financial Times that an airport parking investment offer smacked of a scheme that is “doomed to fail.” Car parking spaces at London Gatwick airport are being offered for £25,000 each with a “guaranteed” 8 per cent yield.
Mr Wixted warned that: “There is no liquid market – indeed, there is probably no market whatsoever for the sale of airport parking spaces.” He said that the guaranteed teaser rate smacked of a scheme that is “doomed to fail.”
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Fund Web reported on a £25,000 Gatwick parking scheme offering an 8% yield. Neglect Assist’s Tim Wixted warned that the lack of a resale market and promised returns are strong indicators of a high-risk, potentially failing scheme.
The Times interviewed Neglect Assist senior solicitor Tim Wixted, who warned that 2015’s pension reforms could create a “scammer’s charter.” Their research into the reforms paints a troubling picture for over-55s with increased pension access.
Neglect Assist is featured in the Daily Mail Money section explaining the dangers of being mis-sold an investment.
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Neglect Assist is a trading style of Wixted & Co Solicitors which is authorised and regulated by the Solicitors Regulation Authority (SRA) A copy of the SRA handbook can be obtained from www.sra.org.uk. Wixted & Co Solicitors, 57 Putney Bridge Road, London SW18 1NP.
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