Berkeley Burke Sipp Administration Limited mis-sold SIPP pension products to their clients across the UK. The company was active from 2009 to 2019 and mis-sold SIPP products to many unwitting people who were trying to save for their retirement. If you were mis-sold a SIPP by Berkeley Burke, you might be entitled to claim compensation.
Berkeley Burke Sipp Administration Limited was an offshoot of Berkeley Burke Group Limited, a Private Limited Company based in Leicester, previously known as Deresford Limited and Very Newco Limited. Despite their affiliation with its controversial SIPP subsidiary, Berkeley Burke Group is active and trading.
Berkeley Burke sold unknowing clients packages of unregulated, risky investments. Advisors convinced people to transfer their savings from secure schemes into risky SIPPs that included foreign property and storage units.
As of September 2020, The Financial Services Compensation Scheme (FSCS) had paid out more than £2 million for 58 Berkeley Burke claims. This is just the tip of the iceberg – there were 1,694 claims against the company to move through and rule upon. All of the successful claims were related to mis-sold Sipp claims.
If you were a client of Berkeley Burke and swapped your pension into a SIPP, you may qualify for mis-sold SIPP compensation from the FSCS.
Berkeley Burke Sipp Administration Limited has been declared in default by the Financial Services Compensation Scheme. This means that the UK’s compensation scheme for failed financial services firms will pay compensation for valid mis-selling claims. Allegiant can assist you with claims to the FSCS about Berkeley Burke Sipp Administration Limited. Fill in our online application form to get started.
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• Compensation is £1,000, the fee is £150 plus VAT £30. This means the amount payable to us is £180 leaving you with the benefit of £820.
• Compensation is £3,000, the fee is £450 plus VAT £90. This means the amount payable to us is £540 leaving you with the benefit of £2,460.
• Compensation is £10,000, the fee is £1,500 plus VAT £300. This means that the amount payable to us is £1,800 leaving you with the benefit of £8,200.
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