The Resort Group Overseas Property
SIPPs, or Self-Invested Personal Pensions, give UK pension holders control over their pension investments. However, they also put pension holders at increased risk, especially if they are mis-sold the investment. This is the situation in many cases involving The Resort Group.
It offered investments in overseas property. The investments were to build resorts, including hotels, in Cape Verde, off the coast of Africa. Many people were convinced to invest their pension fund into this scheme.
However, the investments were high-risk, they were not regulated by the Financial Conduct Authority (FCA), and some of the advisors giving advice to investors were also unregulated.
What You Should Do if You Bought a Resort Group SIPP
Did you invest in The Resort Group’s overseas property investments? Get in touch with us today to find out if your investment was mis-sold. Financial advisors are under an obligation to ensure they properly sell investments. This includes ensuring investors have sufficient knowledge to fully understand the risks involved in making the investment.
Complete the form to give us your contact number and we will call you back to assess your claim.
The Resort Group Explained
The Resort Group is based in Gibraltar. It came to national prominence in the UK in 2016 when it featured in a BBC Panorama programme about pension rip-offs.
The Panorama investigation showed unregulated financial advisors giving pension investment advice that included a promise of 10 percent interest a year for an investment in the Cape Verde development.
There is a significant risk of mis-selling, however, when people with little investment experience purchase high-risk investments like this. This particularly applies if you don't fully understand the risks.
Do you think you might have been mis-sold a SIPP from The Resort Group? If so, your next step is to speak to one of our claims experts at Goodwin Barrett who will assess your circumstances and help you make a claim. Please call today on 0808 252 3696.
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for a mis sold SIPP
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