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Who to trust?



We have been informed today that FPSL are contacting Fractional Owners to ask for more fees, this time for services for the year 2024. We have seen a copy of the demand, and it makes lots of threats and accusations.


This must be so confusing and upsetting.


While we disagree with much of what these letters say, it is clear that it must be very very difficult for any Owners to know who to believe and what to do. We do not want to add to your anger or confusion. So, rather than involve you in complicated claim and counter-claim, we have one simple message:


while the High Court case against FPSL and its associates continues, please do not pay anything to anyone.


Do not pay any money to FPSL, FPS, David Hannah, Nick Hannah, Sua Casa (who never ask for money), TRG, or anyone else. If it is subsequently clear that you do need to make payments, this will be MUCH easier than you trying to get money back that you have sent to the wrong place.


So our message is the same as it has been for the last 18 months - please hold onto your cash.


If you cannot trust anyone, then we suggest wait for the ruling in the High Court before agreeing to pay anything to anyone. It seems that the only definitive answer will be provided by the legal case..


TRG will always recognise you as the Owner and will not pay any of your rental income anyone until we can be sure it will reach the right people.


In the meantime, you should be receiving the latest Rental Income statements from us up to the 30th June 2023. The instruction to our mail service provider has been sent and these should be landing in your inbox imminently.


We are again sorry for the distress and confusion.



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21 Comments


Ian Winspear
Ian Winspear
Oct 07, 2023

If we all have so called pension providers, then presumably we all have pensions. Pensions would normally have a transfer value, but only when they are legitimate. In the UK the FCA doesn't recognise a SASS as being legitimate and therefore is non regulated meaning there is no recourse for compensation as part of a misselling claim.

I applied for compensation over two years ago but was rejected by the FSCS and then again by the Ombudsman. Sua Casa recommended New South Law to represent victims in fighting their cases on a no win no fee basis but I wouldn't imagine they would have any success and can even ask for payment once the contractual limits are reached, further exacerbating…

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Replying to

I was conned into this sass BS many years ago. If I bumped into YOGESH DAVID the con man that got me into this mess, well I seriously don’t know what I would do, it wouldn’t be pleasant.I certainly wouldn’t broadcast it on here. I’ve had a claim ongoing now for 5 years. It is now with the pensions ombudsman but they clearly don’t seem to be interested as you say. It’s disgusting that this government are letting these scammers simply get away with robbing innocent people of hundreds of thousands of pounds of their pension money that we have paid into a legitimate scheme. I guess I’ve lost circa £120,000. Not a few pounds, serious money. Seriously fuming 😡…

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Could you email me too about selling my fraction as I’m also sick of this horrific noose around my neck that is slowly strangling me.

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Ian Winspear
Ian Winspear
Oct 07, 2023
Replying to

Problem is Chris, even if by some miracle they managed to sell your fraction, can you really trust them to close down your account afterwards without any more ongoing fees,?

I wouldn't be surprised if the FPSL constant threat emails are yet another ploy into sickening us into cutting our losses and closing our accounts down without any return of capital.

I don't believe for one moment that FPS, FPSL TRG and Sua Casa aren't all in this together.


I applied for my fraction to be sold in 2015 btw but here we are still, so going down that route is a dead end. Plus that would mean someone would have to purchase it from you - not sure I…


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How do I go about selling my shares I'm sick of all

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Ian Winspear
Ian Winspear
Oct 07, 2023
Replying to

I would be interested to know what suggestions are on offer from them Davie, if you're willing to share on here

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How would you even go about selling one of these places with so much bad press over them? I couldn't even tell if I am a fractional owner or full owner, as it is unclear on the paperwork that I have.

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Replying to

Please send an e-mail to admin@sua-casa.net and we will advise on the sales process. As we understand it approximately 10 fractional owners in the past 6 months have sold their fractions

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It just seems that everyone gets money out of this except me bank account is empty had nothing for a long time

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