The company was established in 2008 as part of the Berkeley Burke Group. However, on 18 September 2019, they entered administration because it could no longer afford the cost of defending claims made against it.
Between 2010 and 2012, many were given bad advice to transfer their existing pension fund into a Burkley Burke SIPP. The company then placed their funds in high-risk, non-standard investments. Some of these have since become illiquid, which means they cannot currently be sold or traded.
Some of the most popular investments we have seen related to storage pods, overseas property in Cape Verde, Dominican Republic and Brazil, carbon credits, car park schemes, green oil, ethical forestry and residential regeneration schemes in Berlin, known as Dolphin.
It’s Your Right To Claim With Help From Pension Justice.
Whether your pension advisor was regulated or unregulated, if you transferred to a Berkeley Burke SIPP and, as a result, have lost money due to a bad investment into a SIPP Pension Justice would be glad to help.
Pension Justice are presently claiming on behalf of a large number of clients who have been mis-sold their pensions and have SIPPs with Berkeley Burke SIPP Administration Limited.
Who Are The FSCS?
If the financial advisor was regulated by the FCA but is no longer in business, a claim can be made to the Financial Services Compensation Scheme (FSCS), which has the authority to award up to £85,000 in compensation for any advisor who has gone out of business.
If the financial advisor is still trading, you must first complain directly to them. If they do not respond within 8 weeks or reject your claim, you can take your case to the Financial Ombudsman Service (FOS).
If the financial advisor was not regulated by the FCA and advised on a pension transfer to a SIPP and an investment in unregulated products, a claim for financial compensation can often be made against a SIPP company. In the event that the SIPP company has gone out of business, a claim can be made to the FSCS.
Can I Contact the FSCS Directly?
Yes, nothing prevents you from dealing directly with the FSCS. However, pursuing a claim yourself can be complicated and time-consuming. You will need to collect all relevant information related to your case, and the FSCS cannot assist you with this. Let Pension Justice help you with the investigative process and give you the peace of mind that your case is in the hands of legal experts.
Burkley Burke SIPP Claim Results
According to the FSCS, since they started accepting claims, they have received a total of 2,155 against Berkeley Burke Sipp Administration, of which 1,795 have been upheld, 309 have been rejected, and 51 are still in progress as of January 11, 2023.
BERKELEY BURKE SIPP ADMINISTRATION LIMITED
Berkeley Burke are authorised by the Financial Conduct Authority under authorisation number 483769 and are a company registered in England and Wales under registration number 06576938.
BERKELEY BURKE SIPP ADMINISTRATION LIMITED are based at,
Berkeley Burke House, Regent Street, Leicester, Leicestershire, LE1 7BR, UNITED KINGDOM