Fund Web covers Neglect Assist parking investment concerns

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Financial magazine Fund Web covered Neglect Assist’s concerns that an airport parking investment offer smacked of a scheme that is “doomed to fail.”

 

fundweb-car-parks

Car parking spaces at London Gatwick airport are being offered for £25,000 each with a “guaranteed” 8 per cent yield.

But Neglect Assist director Tim Wixted warned that: “There is no liquid market – indeed there is probably no market whatsoever for the sale of airport parking spaces.” He said that the guaranteed teaser rate smacked of a scheme that is “doomed to fail.”

You can read the complete article at: http://www.fundweb.co.uk/news-and-analysis/pensioners-promised-8-returns-in-unregulated-car-park-scheme/2022965.article

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