QCOOPERS group in split?…

I’ve heard from a contact that the QCOOPERS Traded Endowment Plan (TEP) opportunity has met problems in the last few weeks. It appears that part of the assembled group weren’t happy with the way in which Quatro Worldwide were managing the programme and have pulled out.

As I read it this means that Quatro Worldwide has to make a decision on whether to assemble their own financial partners or wind things up. Unfortunately I can’t see any comment about this on the Quatro Worldwide website so we may need to wait a while for further clarification.

On the other side of the fence the other party, Team Themco are continuing with the programme and are in the process of establishing the member database. As far as I can make out all existing QCOOPERS policy holders will be transferred and payments honoured.

The overall effect of this change is that once the plan matures the payout will be the full value of the policy, some €91,000. Previously part of the payout was to be given in shares for other Quatro Worldwide offerings. See this post for more details.

Team Themco are currently re-designing their website to provide a gateway for policy holders to learn more. Hopefully this will be available in the next week or so.