Eastbridge Investments was a high-risk, unregulated fund registered in Jersey. They were associated with Beaufort Securities, a discretionary fund manager, but other investment advisors also promoted this investment. Were you mis-sold SIPP pension investments in Eastbridge Investments?
If you dealt with Eastbridge Investments or Beaufort Securities, you might have been mis-sold SIPP products. Both companies have now been dissolved, so they can no longer pay you the returns you are owed. However, the Financial Services Compensation Scheme has made mis-sold SIPP compensation available for people like you. If you qualify, you may be able to recoup some of the money you lost. Our advisors can help.
What happened with Eastbridge Investments?
Beaufort Securities Ltd mis-sold SIPP pension products to hundreds of clients, resulting in financial devastation. In 2017, the Financial Ombudsman Service (FOS) ordered Beaufort Securities Ltd to compensate a client for more than £71,000 that they lost through their investment in Eastbridge Investments.
Discretionary Fund Managers are legally required to ask their clients if they want to partake in high-risk investments. They must also assess their clients’ financial situations. The Financial Conduct Authority states that if they must be suitable for a high-risk fund, like Eastbridge Investments. In the case of Beaufort Securities Ltd and Eastbridge, these rules were broken. Did you fall victim to an unscrupulous DFM?
Did you invest any of your pension funds in Eastbridge Investments on the advice of Beaufort Securities Ltd or any other firm? Beaufort Securities Ltd is now officially dissolved, and they can no longer pay out any returns. However, the Financial Services Compensation Scheme (FSCS) has made mis-sold SIPP compensation available to people like you. If Beaufort Securities Ltd or any other advisor convinced you to put your pension money into their investments, only for that investment to fail, you might qualify for mis-sold SIPP compensation.
Our claims experts can advise on whether you could qualify for mis-sold SIPP compensation. Apply online today for an information pack to learn more.
FSCS Eastbridge Investments Claim
Eastbridge Investments 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 Eastbridge Investments. Fill in our online application form to get started.
You do not need to use a claims management firm to make your claim and if your complaint is not successful you can refer it to the Financial Ombudsman Service or in the case of a failed firm, the Financial Services Compensation Scheme, for free.