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...

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