Investec defames noseweek in confidential letter

Editor 'shocked and amazed' (yet again)!

For the past month all divisions of Investec have been fielding calls from brokers and clients demanding a response to our exposé (nose102) of the multi-billion rand pension fund rip-offs and other nasties at Investec Employee Benefits (IEB). The “confidential” letter sent to unhappy clients by Investec Asset Management (IAM) pretty well tells it all.

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Submitted by : Charles Butler of Parkview on 2008-04-24 21:58:13
Its all obfuscation and fighting a guerilla war with very deep pockets - for as long as it suits Investec to keep the wolves at bay it will do so - Its not only Investec having a go at the pension funds, but their attorneys are charging their huge billing rates ultimately at the pension funds' expense as well. If I was a partner at their current firm of attorneys (who took the job over from another firm) I can just imagine them saying "if we pull this job we will have a pension for life! Investec will fight this to the end and we will do it for them." No doubt this will be the case for as long as their tactics succeed. Who was the yuppie partner seen in that nice Porsche Cayenne in their garage the other day? (was it financed by Investec or a pension fund?)


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