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Ms C had all her retirement savings in a private pension fund worth approximately £36,000. She was inexperienced with financial dealings and was reliant upon this money for her future retirement. As a result, she required a low-risk pension option that would keep her capital secure.
She was contacted by a company recommending significantly better returns by transferring the full amount to a Self-Invested Personal Pension (SIPP) with Berkeley Burke.
She agreed to the transfer, and Berkeley Burke allowed the SIPP to be invested in teak tree plantations in Brazil. This was a high-risk, unregulated and speculative form of pension investment.
The fund is now illiquid with no returns. The prospects of Ms C receiving any sort of return on the SIPP are deemed to be low.
We are representing her in a claim to recover the full capital plus interest. The total claim exceeds £36,000 and is ongoing.
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Mr W, seeking a secure retirement, was advised to transfer his entire pension into a risky storage pod scheme. He lost nearly all of his £107,000 investment. We’re pursuing compensation on a no win, no fee basis.
Ms N was advised to invest in Costa Rican tree plantations through a Liberty SIPP. The investment proved worthless. We are fighting to recover the £18,000 she lost, plus interest.
With little financial knowledge, Ms H was mis-sold a high-risk SIPP and lost access to her £250,000 pension. We are representing her in a major compensation claim against Carey Pensions.
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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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