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

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

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,...

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