Airport Parking

Have you invested your SIPP
into 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).

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pelvin claim

Do you think you’ve been mis-sold?

If you have invested your pension pot in a SIPP scheme and you’re now suffering as a result, or even if you haven’t yet lost money but suspect something isn’t quite right, check your situation against the following criteria to see if you’ve been mis-sold:

  • Pressure Selling
    Were you pressured into investing your pension into something you didn’t want or need?
  • Unsuitable Scheme
    Were you advised to transfer your existing private pension fund to a new, higher return scheme even though it wasn’t suitable for your needs?
  • Unexplained Fees
    Were there any surprise fees or additional costs attached to the investment that you weren’t made aware of from the start?
  • Unexplained Risks
    Were there certain risks attached to your SIPP that you were not informed of when you agreed to invest?
  • Lost Investment
    Have you made significant losses as a result of any of the above issues?

If any or several of the above points sound familiar to you then fill out our simple contact form or give our experienced team of solicitors a call and let us help you.