Have You Been Mis-sold Through CIB Life & Pensions?
CIB Life & Pensions Have Gone into Liquidation
CIB Life & Pensions have gone into liquidation.
CIB have been giving advice regarding high risk, unregulated investments which may put your investment at serious risk. One of the more well-known schemes that CIB appear to have given advice on is the overseas property scheme Harlequin Properties, amongst others. Harlequin Properties is currently being investigated by the Serious Fraud Office.
If you are one of the many people who received advice from CIB Life & Pensions, or if you were advised to invest in Harlequin Properties, now is the time to act. Pension Justice are claiming on behalf of a large number of clients who have been mis-sold through CIB Life & Pensions. If you feel you may have a claim, do not hesitate. Contact Pension Justice today.
CIB Life & Pensions Limited was based at Third Floor, Beta House, Laser Quay, Culpeper Close, Rochester, Kent, ME2 4HU, United Kingdom.
Their Companies House number is 2122529. They were authorised by the Financial Conduct Authority as from 1 December 2001 to provide regulated products and services under registration number 133698.
As from 4 June 2015, they are no longer authorised to provide regulated products and services.
Can I Recover My CIB Mis-Sold Pension Investment?
Pension Justice are currently proceeding on a large number of cases for our clients who have lost a significant amount of money through CIB Life & Pensions schemes.
One of the primary investments that CIB gave advice on was Harlequin Properties. Investors were promised strong returns on their initial investment into the overseas property scheme, whereby properties such as hotels would be built in holiday destinations across the globe. For most people, the investment seemed like a no-brainer.
Unfortunately, many of the properties were never built. Once this became clear, the Serious Fraud Office opened an investigation into the scheme.
Pension Justice are successfully claiming money back for a large number of clients. If you are one of the investors hit by a CIB Life & Pensions scheme, we want to hear from you. Contact Pension Justice today on 0800 014 8275 or complete the form below and we will get back to you.
Why did people invest in CIB Life & Pensions?
On the face of it, receiving advice from CIB and investing in a scheme such as Harlequin Properties seemed like a no-brainer for investors looking to expand their pension pot.
However, IFAs such as CIB must check that investors have background knowledge and experience in investments. They must explain to you clearly that an investment such as Harlequin Properties is high risk. They must check that you are earning over £100,000 per year, and that you are a high net-worth individual before recommending unregulated investments such as Harlequin Properties.
Around 3,000 British pension savers invested roughly £400m into Harlequin, on the promise of high-rental returns on villas such as the Buccament Bay Resort in St Vincent and the Grenadines in the West Indies.
The Serious Fraud Office stated that Harlequin investors who invested via a SIPP following advice may be entitled to compensation from the Financial Services Compensation Scheme (FSCS). Pension Justice are currently working to claim this compensation for a large number of investors.
How Do I Claim?
If you believe you’ve been mis-sold, you should contact Pension Justice today. As we are acting on behalf of a large number of clients like yourself, together we can get you the best possible outcome.