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Premier FX collapse – What to do next for customers

The following, wherever possible, should be included:

  • Copies of any contract or agreement documents with Premier FX
  • Evidence of the total amount of money sent to the company
  • A schedule of payments made to Premier FX (including details of the currency and any instructions made to the company in this respect
  • Copies of bank statements confirming payments to Premier FX
  • Details of the specific Premier FX account or accounts paid into

These details should be sent to:

PKF Geoffrey Martin & Co
1 Westferry Circus
Canary Wharf
London
E14 4HD

Customers can contact the administrators using the following details: Email: premierfx@geoffreymartin.co.uk
Tel: 0207 495 1100

If you have been affected by the Premier FX collapse, and have been trying to contact the firm, you are advised to now send all correspondence, in writing, to the administrators.

Various investigations are being launched and news reports suggest that the Bank of England and the Financial Ombudsman are already involved alongside the Financial Conduct Authority.

While the inevitable worry and uncertainty that expat investors must be feeling is understandable, at the very least the knowledge that a process of investigation is now underway should hopefully mean that answers, and hopefully financial restitution, will be provided at some time in the future.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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Blacktower Financial Management

You may have seen emails alerting you to a new fraud specific to the financial services advice industry. We are not aware of any of our clients having been targeted in the way described below, but it is our responsibility at Blacktower to do everything we can to educate our clients about these scams to avoid any harm coming to them.

The fraudsters claim to be from the Financial Conduct Authority or local law enforcement and are targeting clients of investment management firms. They are advising clients that the investment manager, adviser or firm is under investigation. The fraudster specifically asks the client not to speak to their investment manager, adviser or firm, or even close connections, claiming this would be considered tipping off. The client is then advised to encash their portfolio and move the cash to the client’s bank account. Once this is done, the fraudster then ‘recommends’ an investment which is actually a scam.

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