Airport Parking

Mis-sold Airport Parking Investments

Back in 2015 the National Fraud Intelligence Bureau issued a warning highlighting a potential scam to consumers. This involved people being offered investment opportunities regarding airport parking spaces, and spaces close to major airports within the UK.

It came to the attention of the NFIB after members of the public made complaints in regards to phone calls from pushy and forceful sales people, offering investment opportunities in car parking spaces.

These investment opportunities were all unregulated, leaving investors open to mis-selling and potentially big losses. In these cases it is possible for customers to seek compensation and recoup some of their losses.

Did you have a SIPP investment?

A self-invested personal pension (SIPP) is a scheme that gives you a higher level of control over your own pension. This means you get access to more choices on where you can invest your retirement fund, allowing you to manage your own investments and savings, rather than relying on a pension company or fund manager. The appeal of such a scheme is clear, but the risks associated with it are sometimes not made obvious to investors.

Mis-sold SIPPs have become the subject of an increasing number of complaints made to the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS).