Berkeley Burke

If you moved your pension into a Berkeley Burke SIPP you may want to check if you should be claiming compensation for mis-selling

Many investors were given poor or mis-leading advice when it came to transferring money from their personal pension into a Berkeley Burke SIPP.

As with most mis-sold SIPPs the problem can be with the investments within the SIPP and the advice given to transfer into them.

Investments related to Berkeley Burke SIPP

If investments are high-risk, illiquid or unregulated, then they are generally not suitable for the average investor. 

Some of the most notable investments linked with Berkeley Burke SIPPs are:

Who’s to blame for SIPP mis-selling?

Mis-sold pension compensation claims have mainly been directed at regulated financial advisers for giving negligent financial advice to their clients.

However, Berkeley Burke have also been subject to some high-profile court cases, which are challenging the right to make claims against SIPP providers.

Court Case 1

In 2014 the Financial Ombudsman Scheme (FOS) ruled against them in respect of the Sustainable Agro Energy investment. This was a green biofuel project in Cambodia which subsequently went into receivership after the Serious Fraud Squad got involved!

Berkeley Burke took this decision to court and in 2018 the Judge ruled in favour of the FOS in the high court judicial review case.

However, they won the right to appeal this decision which was scheduled for October 2019.

This did not go ahead as they decided to withdraw their appeal case due to a lack of funds.

Court Case 2

This court case involved a collective of 176 investors who claimed they suffered losses as a result of the high-risk assets within their SIPPs.

The plaintiffs alleged they were sold these SIPPs through 9 different introducer firms and as a result were invested in single high-risk investments ranging from forestry schemes to overseas property.

Berkeley Burke withdrew their defence in this case, in order to focus on the FOS court case proceedings.

Latest on Berkeley Burke 

In September 2019, Berkeley Burke SIPP Administration Ltd went into administration with Hartley SAS buying the SIPP arm of the business. They are currently in liquidation.

In April 2020 the FSCS determined that Berkeley Burke had failed to conduct adequate due diligence prior to accepting unsuitable investments that were held within their SIPPs. It was declared in default on April 1st 2020.

The amount of compensation the FSCS  paid out in respect of Berkeley Burke cases exceeded £2m in 2020.

The latest figures say this has now topped £58m.

The FSCS said that as of January 11th 2023 it had received a total of 2,155 claims, of which 1,795 have been upheld, 309 rejected and 51 still in progress.

Read our case study.  Mr. W was cold called by an unregulated introducer and persuaded to transfer his pension into a Berkeley Burke SIPP and invest in Store pods.

Get a free expert opinion

If you want to know if your Berkeley Burke SIPP may have been mis-sold to you – we can help with our free assessment check.

Whilst each case is individual, as mis-selling specialists we know to look for certain signs that in our experience indicate that mis-selling may have happened.

Our assessment is free and there’s absolutely no obligation to use our service if you have case.

Key Facts

High-risk, unregulated investments such as Store First, Harlequin Property & GAS Verdant in some SIPPs
Involved in high profile court cases involving mis-selling
The firm went into Administration in 2019 and was declared in default by the FSCS in April 2020

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Rodders Hewitt
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Phil C
Thank you to all at PCC. My claim was managed brilliantly and was successful. I can highly recommended their services. Thank you once again
Christopher Fraser
After identifying a concern regarding my pension, I sought advice from Pension Claim Consulting. The response and customer service was swift and amazing. The courtesy and care taken throughout the whole process was phenomenal. The consultant’s communication from start to finish filled me with confidence that PCC do exactly what they state and were on hand whenever required. The level of understanding, empathy for the frustrations, and patience is by far the best I’ve witnessed. I cannot thank PCC enough for their outstanding work ethic and dedication to customers/clients. If you have any concerns at all regarding your pension, then I would highly recommend that you get in touch with them.
Andy Yates
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Robert Manningham
Pension Claim Consulting Ltd successfully won a case on my behalf following misguided advice I received in relation to my pension. They were most proactive in the process and kept me fully informed every step of the way. I have no hesitation in recommending their services.
Deanamo 84
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Roger King
Pension Claim Consulting managed to reclaim some of my pension by constantly chasing the company that fraudulently took my money. I though that I had lost everything. I cannot thank them enough on recovering some of my pension back.
Susan Stringer
Excellent standard of service. The claim was protracted substantially by virtue of opponents trying hard to not accept any responsibility for their actions and not return the pension fund. PCC kept me fully informed throughout the process, obtained an excellent result for me.They also kept chasing the opponent when little action was taking place from them. The staff were always pleasant and helpful to deal with and very encouraging when I felt my claim was doomed to failure. I can not praise highly enough
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Bill Cass
Great team and they will get the best outcome they can always kept informed the process took a longtime not because of anything pension claims consulting did purely the pension sip provider playing games i would 110% recommend this company to pursue your claim without doubt best thing i have done they didn't give up on my claim even though I had given up on any good outcome however finally resolved and paid thank you pension claim consulting
Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.