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Premier FX collapse – What to do next for customers

  • In In Focus
  • 13/09/2018

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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As it stands, EHIC entitles Britons to state health care when in an EU or EEA country (European Economic Area) for treatments that are “medically necessary” as well as those for pre-existing conditions. Furthermore, as long as a person has not travelled abroad with the specific intention of giving birth there, they are also entitled to routine maternity care.

Although the Healthcare (International Arrangements) Bill does not replace EHIC it clears a pathway to a fast-track bill that will “provide the powers that are needed” in the event of British citizens’ healthcare rights being threatened by Brexit. It also means that, contrary to the fears of many expats, affording private medical insurance may not be an issue they will need to discuss with their expat financial services provider.

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