Ms N held an occupational pension of around £18,000. She wanted a low-risk option that would preserve the capital she had and offer a reasonable rate of future growth. She was not seeking an investment with high elements of risk involved.
She was advised to transfer her pension to Liberty SIPP, which invested in Melina tree plantations in Costa Rica. This was a high-risk, unregulated, and speculative form of pension investment.
She has received no returns, and the fund is illiquid with poor recovery prospects.
We are representing Ms N in a compensation claim exceeding £18,000 on a No Win No Fee basis. The case is ongoing.
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Mr B was misled by an unauthorised firm into transferring his full pension into a Liberty SIPP tied to high-risk overseas land. The investment has yielded no returns. We’re now pursuing a claim for £32,000 in compensation.
Mrs B relied on unregulated advisers who convinced her to transfer her entire pension into a Liberty SIPP that funded a Costa Rican tree plantation. The investment collapsed, and we are now pursuing a claim to recover over £30,000.
Mr S transferred over £57,000 into a Liberty SIPP that invested in unregulated agricultural land in Australia. Now unable to sell the land, he faces severe losses. We’re pursuing a claim on his behalf.
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You do not need legal representation to make a financial services claim. You can complain yourself at no cost and under FCA rules, the financial services provider must provide a response. If you feel this is unsatisfactory, you can complain to the statutory redress bodies, the FOS and FSCS who can award you compensation. This is a free service.
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