Times of Tunbridge Wells 20th April 2022

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OF TUNBRIDGE WELLS

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Wednesday April 20 | 2022

BBC REPORTER school status

Nursery & Prep School

Green Flag status!

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HOOL

St Leonards, East Sussex TN37 7PW . 01424 751555 admissions@claremontschool.co.uk . claremontschool.co.uk 25/03/2022 09:56

Jazz is to make its return to Pantiles TUNBRIDGE WELLS’ most popular weekly event returns next month but changes implemented during Covid are set to stay. Jazz on the Pantiles, which takes place on Thursdays throughout the summer returns on May 5, and will run until the end of the summer season in September. The new system means that to attend the Thursday night Jazz event you will need to book a table at one of the participating venues, including The Tunbridge Wells Hotel, The Kirthon or Casa Vecchia. There is also a £5 entry fee.

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Full details on the return of Jazz on the Pantiles see page 26.

Businessmen that mis-sold pensions linked to councils’ homeless scheme EXCLUSIVE TIMES INVESTIGATON

By Richard Williams

NURSERY, PRE-PREP & PREP BOYS & GIRLS 2.5-13 YEARS

OPEN DAYS Thursday 5th & Friday 6th May ENJOYING TODAY EDUCATING FOR TOMORROW Discover more and register on our website Marlborough House School, Hawkhurst, Kent, TN18 4PY

TWO businessmen who mis-sold investments wiping out people’s pensions are linked to a firm making millions of pounds from providing emergency accommodation for the homeless – including those in Tunbridge Wells. The Times can today disclose the connection following an investigation into a complex web of companies and their directors. Paramount Independent Property Services makes more than £5million a year from providing emergency accommodation for the homeless in Kent but the firm has links with investment firm Portal Financial Services. Portal has just lost an appeal after the Financial Ombudsman Service (FOS) found it has been mis-selling pension schemes and claims against the business could now run into the millions. The High Court found against the

finance firm last month after its clients saw their pensions wiped out after they pumped money into a high-risk scheme run by a business called Cherish Wealth Management – a business that has collapsed after a separate High Court action for mis-selling investments totalling more than £30million. The decision now opens the door to

‘For the Council to pay a company to cream off a profit from that contract seems like madness’ claims from all the investors who ploughed money into the scheme through Portal and lost their money, which is likely to be in the millions of pounds. According to Companies House, Portal has not filed its accounts since May 2020 and would have been struck-off the

register of UK companies earlier this month had the move not been blocked by anxious investors trying to claw money back. If the company collapses, the only redress for those that have lost pensions is to appeal to the Financial Services Compensation Scheme. Yet through an interconnected web of businesses, Portal Financial Services is run by the same people as a lucrative property business making millions from housing the homeless in Kent. Portal has a sole ‘designated member’, which operates in a similar fashion as a company director, and that is a business called Galahad Advisory, run by Gillingham businessman Andrew Moore. Until recently, Agravain Advisory, run by Rochester-based Jamie SmithThompson, also acted as a ‘designated member’ to Portal. The business resigned its position just

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