View more on these topics

It is outrageous that ARs for Citri have been left in the dark

I want express my deep concern for all the advisers of Citri. For many weeks now we have been in turmoil over the outcome of Citri’s troubles and we are still none the wiser with regards to its demise.

We understand the directors of Citri have announced to staff that it is in receivership but they have failed to inform their appointed representatives.
Having lost thousands due to the poor management of this business we were offered a lifeline by Openwork.

But this depends on Citri’s fate. Nothing can be finalised until Citri has formally announced its status.

Staff were informed two weeks ago that Citri was in receivership. Since then ARs have been dealing with the prospect that we could all be out of business ourselves in a matter of days. The way we have been treated as ARs is outrageous.

A Citri appointed representative

Recommended

CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?

Kensington sponsored a recent test match between England and Sri Lanka in Cardiff Can you put the boot in to your nearest and dearest to win this delectable bottle of bubbly? In addition, competition sponsor Tiuta will donate £100 to Great Ormond Street Hospital. Submit a witty caption for the photo above and you will […]

2

Blu Debt network on the cards in the next few months

A mortgage and protection network is being set up under the Blu Debt Management brand, Mortgage Strategy understands. The network is subject to regulatory approval but it is believed that it will be formed in the next few months. It is thought some 120 advisers have expressed an interest in joining the network. No name […]

Newsletter

News and expert analysis straight to your inbox

Sign up
Comments
  • Post a comment
  • Chris Lees 11th June 2011 at 3:59 pm

    I managed to escape being an AR of Citri just prior to its demise. The management of this firm was terrible from day one with unkept promises, poor systems and terrible communication. I am not surprised the remaining AR’s were kept in the dark by the management as the lack of communication was a facet of the daily running of this firm. Good luck to the survivors!