Following the recent Berkeley Burke Judicial Review outcome, a summary of which can be found here, the Financial Ombudsman Service (FOS) has confirmed that it has received around 1,000 complaints this year against Self Invested Personal Pension (SIPP) providers.
Peter McKenna, Managing Partner and a specialist in financial mis-selling claims, said
“our team of experienced lawyers are dealing with a substantial amount of cases against various SIPP providers in circumstances similar to those in the above Berkeley Burke case. It has been our view for quite some time that certain SIPP providers would fall foul of the strict rules they are meant to abide by, leading to an increase in the number of complaints against them.
In the last week we’ve received three adjudicator upholds from FOS where the complaint has been made against Berkeley Burke in relation to investments in Sustainable Agro Energy plc. We’re confident the number of upholds we will receive from FOS will substantially increase over the next few months”.
If you think that you, a relative of a friend may have lost out financially after making an investment via a SIPP, then please get in touch with one of the specialist financial mis-selling lawyers here at TLW Solicitors for a free, no-obligation discussion.
You can either ring us on 0800 169 5925, email firstname.lastname@example.org or complete the call-back form below.
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