Did you invest your
SIPP into InvestUS

Lender Icons-investUS-360x200_SIPP-lender-

Hundreds of individuals were cold called by a company called Avacade and offered a free pension review. Some of these people were persuaded to transfer their pensions into self-invested personal pension (SIPP) schemes and then offered a choice of investments including InvestUS.

InvestUS purchased repossessed properties in Detroit, Florida and Chicago, following the mass foreclosures in the US after the financial crisis. The properties were then renovated, let and sold on. The scheme’s promotional material, suggested it could deliver net returns of 15% per year over three years.

Invest US has now failed. It was high risk and never suitable as a pension investment.

Anyone who was persuaded to invested their SIPP into this risky scheme is eligible for compensation for all their losses.

InvestUS has entered liquidation. The Financial Services Compensation Scheme can only pay out £50,000 per investor.

APJ can fight to secure the full amount you invested back for you.

Did you invest in a SIPP?

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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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.