Berkeley Burke Mis-sold SIPP Investment Claim

Berkeley Burke SIPP Claim

Berkeley Burke recently lost a High Court case in which it was challenging the outcome of a Financial Ombudsman Service decision against it.  The Financial Ombudsman Service had ruled that Berkeley Burke failed in its duty of care to consumers by not adequately checking the suitability of the investments it allowed into its SIPP. The unsuitable investment in question for this case was an unregulated collective investment scheme involving plots of agricultural land in Cambodia.

The High Court judgement confirms and establishes with greater certainty that SIPP Providers have a due diligence requirement to check the suitability of unregulated investments when allowing them into a SIPP.

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Grounds On Which You May Have Been Provided With An Unsuitable SIPP With Berkeley Burke?

In order to determine if you are eligible for a SIPP compensation claim please check If any of the following statements is true in your case:

  • You did not use a Regulated Adviser and Berkeley Burke did not properly check the suitability of your investments before allowing them into the SIPP.
  • The Financial Adviser did not explain the pension transfer & investment risks to you properly.
  • Your financial situation was not properly assessed with a fact find by your Financial Adviser.
  • You felt uncomfortable or pressured by your Financial Adviser into an investment that you didn’t need or want.
  • The Financial Adviser did not explain that the amount you get back will depend on performance.
  • The Financial Adviser did not accurately explain the fees and charges that would be incurred.
  • You were not aware that you were investing in an unregulated investment.
  • You feel that you had poor advice about your SIPP which has caused you financial loss.

If any of the above points stand true, then it may be possible for you to get compensation.


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Pension Redress Calculator

How To Use The Calculator

Our pension redress calculators will give you an indication of how much your mis-selling refund could be worth. If your case is upheld, the exact value of your refund will not be known until all the facts of your case have been disclosed and a final figure calculated by the firm.

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3. Compare your values.

See what your pension would have been worth if you had left it in the previous scheme vs. the new scheme. Choose to compare current value or value at your chosen retirement age.

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