type of claim
Financial Advice - SIPP
NO WIN, NO FEE
She had an occupational pension fund of around £18,000 and required a low risk option which 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 persuaded to transfer this pension to a fund with Liberty SIPP. This was then used to invest in Melina tree plantations in Costa Rica.
This was a high risk, unregulated and speculative form of pension investment. Ms N has not received any return on this investment and the fund is now illiquid. The prospects of her receiving any sort of return on the SIPP are deemed to be low.
We are currently representing her in a no win, no fee claim against Berkeley Burke to recover the full capital amount that she invested, plus interest. We are claiming compensation of over £18,000.
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