Berkeley Burke

Mis-sold Berkeley Burke Investments

Berkeley Burke has hit the headlines this year, after hundreds of investors have claimed they’ve lost money by investing their pension pot with the SIPP provider.

It is alleged Berkeley Burke established the SIPPs after unregulated third-party firms advised investors to transfer their private or workplace pension funds to a Berkeley Burke SIPP to invest into high risk schemes including self-storage units and foreign property.

We are already representing investors taking legal action against Berkeley Burke as they were often promised high returns across a variety of investments but many investors have seen the value of their pensions drop or even become worthless.

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).