Sipp provider Berkeley Burke set to pay £1m over unregulated investments

Pedro Gonçalves
clock • 2 min read

Troubled Sipp provider Berkeley Burke has been ordered to pay nearly £1m to people affected by high-risk unregulated investments made and accepted into the firm's sipp schemes. A group of 176 investors brought a claim against Berkeley Burke after they suffered losses incurred from high-risk assets invested via Sipps. The investors allege the pensions were sold through nine separate introducers, and were invested into single-asset high risk investments ranging from forestry in Australia, residential property in Arkansas and a holiday apartment in Grenada. Berkeley Burke's defences f...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

More on Products

The fund house decided in 2019 to no longer buy Brazilian government bonds for any of its internally managed emerging markets debt strategies.

Nordea AM ends Brazil bond ban after Lula pledges conservation

Deforestation reversal

Laura Miller
clock 03 November 2022 • 1 min read
Millions turn to advisers in pandemic but advice gap remains  - research

Millions turn to advisers in pandemic but advice gap remains - research

Nafeesa Zaman
clock 28 September 2021 • 2 min read

Last chance to enter II Awards 2021

Mark Battersby
clock 09 July 2021 • 1 min read