Regarding the news about investors trapped in a collapsed property fund (FA, 4 September), surely the question must be raised as to what due diligence the life companies did before allowing these types of products onto their platforms?
The same goes for the advisers who sold it to their clients.
I wonder how much undisclosed commission was paid by LM Investment Management (LMIM) to these intermediary firms and whether they have offered to reimburse their clients?
Any Qrops trustee that has this in their portfolio without a ‘professional investor’ disclaimer from the individual client might want to sit up and pay attention.
Yet another debacle in a long line of failed investment products, where the only loser is the investor. When will it stop?
Bethell Codrington
Global Head
TMF International Pensions
London
.png?source=design-system&width=126)
