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FPSL Demands for Payment



A number of Fractional Owners have been complaining to us about demands for payment from FPSL circulating in January and February of this year.


Please be very careful. We have been sent copies of demands which have referred to the wrong fractional company, and even to people who are not even Members of Fractional Companies.


We repeat the advice - which has been confirmed in writing by the Owners of FPSL:


- There is no contractual liability for Owners to pay any fees at any time to FPSL.

- DO NOT pay any money to FPSL unless you have reached a separate agreement with FPSL to do so: TRG does not require you to pay anything to FPSL.


We have also been asked to circulate as link to the website of TRG Founder Memberships Holdings Limited - not part of TRG.


If you are uncertain about what to do please refer to their guidance at this web address:




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10 Komentar


I’ve just received my bank statement and over £600 has been taken out. No idea what for, no money coming in . I really want rid of this investment.

Suka

This constant barraging and to-ing and fro-ing between these companies are taking away the facts that we are being ripped off.

The resort group need to restart the completion of the White Sands project. This has been a very stressful process and is causing me nothing but frustration.

Suka
Membalas kepada

Stalling tactics that they are unfortunately getting away with while we all sit being fead poo waiting on a return/returns on our investments..

Suka

So who pays these fee’s, I haven’t recieved a penny piece from these charlatans since 2019.

The Fractional fee’s are supposed to be paid by TRG, but they don’t seem to to be paying anybody.

This is such a mess I don’t think anybody knows exactly what’s going on

Suka
Membalas kepada

OH I think someone knows Tim but they are keeping very still and reeping OUR rewards

Suka

Regarding returns I haven't seen anything since Sept 2019 and I know I'm not the only one.No returns on Bonds which is a direct breach. All one gets is excuses about Covid.

Suka
Membalas kepada

Dear Mr Barnes. Your Ownership is held by Rowanmoor Trustees Limited. They have preferred to remain in a situation where any income from rental is held at the order of David Hannah and FPS Corporate Services rather than vote for a change. Thus at the TRG are directed to pay any income to FPS Corproate Services for these properties.

Suka

Strange. A number of Fractional Owners have been complaining to you about no return on 'investments' but never any posts about that!

Suka
Membalas kepada

Thank you for the comment. We did provide a route to resolve the income issue and invite all Owners to participate in that. As a consequence those who have voted to cancel the payment of all Rental Income to FPS Corporate services have been receiving income on a monthly basis - some for a year now. Those that engage in this process have seen the benefits. We wrote to all Owners directly explaining how to do this and those that have responded either have had this resolved or are in process to do so. You are welcome to participate.

Suka
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