Brooklands Trustees Limited were a Bristol based SIPP provider company. Established in 2006 they reportedly administered over 5500 SIPPs.
The Financial Ombudsman Service had provisionally ruled against them in several complaints from SIPP clients who had invested their pension in an unregulated investment through their Brooklands SIPP.
The clients had been referred by an unregulated introducer firm – FCP Insurance Consultants. They were based in Cyprus and not authorised to give pension or investment advice. The investment was LM Managed Performance (LMMP), an Australian property fund that collapsed in 2013.
In 2016 the FSCS declared them in default and the company entered Administration as a result of the incoming claims.
Before going into Administration in 2016, Brooklands sold their SIPP book to Heritage Pensions, who along with the old Brooklands Team rebranded to ICVM.
Brooklands Trustees Limited have now dissolved following liquidation in 2018.
Claims against the firm are being assessed by the FSCS.
If you want to know if your Brooklands 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 a case.
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.