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Appreciating Asset Investment Schemes - Mis-sold SIPP Investments

Have you invested part or all of your pension into appreciating assets? Did you do so via a self-invested personal pension? You may have been misled and mis-sold. Find out today if you can claim your pension back.

Appreciating assets such as precious metals, gold and diamond are often sold to SIPP investors as a guaranteed return-on-investment. However, often the risks of investing in these types of assets are not explained properly, and whole investment portfolios are placed into one asset, not spreading the risk. In addition to this, many of these assets are not regulated, meaning the investor is not protected by the FCA.

If you have been advised by your financial advisor to transfer out of a stable pension and into a SIPP, and have since invested into appreciating assets, you could be owed mis-sold SIPP compensation. Our panel of mis-sold SIPP solicitors regularly see advisors and SIPP providers taking their clients’ pensions out of stable, suitable pension pots, and transferring them into high-risk, unsuitable SIPPs.

If this rings true to you, you may have been mis-sold an appreciating asset investment. You may not even be aware that the investment was mis-sold yet, as the mis-selling has not come to light. Our panel of expert mis-sold SIPP solicitors can inform you whether you have a valid case, and offer a free, no-obligation review of your claim.

Get in touch with our panel today by using our free to use eligibility checker.

 

Why are Appreciating Asset investments high-risk?

Appreciating assets are generally marketed as a safe bet when it comes to investment. The appreciation of the asset should mean that its value increases over time. This means that they should increase at least the same rate as inflation, otherwise they become depreciating assets. Ideally, however, you would want the assets to grow in value much faster than inflation to earn a “real” return.

Risks associated with appreciating assets include investment depreciation, falling prices, currency conversion rates, higher interest rates, or simply the company that you invest in not fulfilling its obligations. Many of these assets are also not regulated, including diamonds, gold and precious metals.

In relation to SIPPs, these investments should always be suitable for the individual investor, with the appropriate risk assessments carried out. If you have been sold an investment without having been properly advised on the risks, you may have been mis-sold.

 

What are the examples of high-risk Appreciating Asset investments?

Our panel of mis-sold SIPP solicitors regularly see problems arising from SIPP investments, including a number of appreciating asset investments. These include:

  • Whiskey
  • Art
  • Antiques
  • Wine
  • Vintage Cars
  • Memorabilia
  • Diamonds
  • Gold
  • Precious metals

While, generally speaking, these assets are less risky than something like overseas property development or green plantations, no investment is without risk. If your pension has been transferred into a SIPP and invested into any of these appreciating assets, you may have been misled and mis-sold.

Even if the mis-selling hasn’t come to light yet, or if your advisor is still trading, you may have a claim for compensation.

 

How could I have been mis-sold?

When you get in touch, our panel of mis-sold SIPP solicitors will ask you a few questions in relation to your eligibility. Some of the factors they look for when determining if you have been mis-sold include:

  • You have lost some or most of your pension value
  • You can't "get out" of the investment (your investment is illiquid)
  • The investment is not increasing in value
  • The IFA who advised you to invest is not responding to communication
  • The investment is decreasing in value
  • The investment has not materialised -for example, construction was never finished
  • The investment is higher risk than you thought
  • The investment scheme operator is not responding to communication
  • You were "cold-called", had someone knock on your door, or you responded to an online ad
  • You were offered a cash incentive to invest
  • The investment scheme operator in administration
  • The IFA firm that advised you is in administration
  • You were encouraged to invest in a SIPP despite a pension value of less than £100,000
  • The investment guaranteed or promised higher returns than normal (over 7.5% PA)

 

Is there a time limit for mis-sold SIPP claims?

Yes, with any mis-sold appreciate asset investment claim there are time limits for filing a complaint. To ensure you are not time-barred, our panel would advise in touch well in advance of these limits.

The time limits for filing a claim are:

  • Six years from when you were mis-sold the SIPP investment, or;
  • Three years from the time you became aware of the mis-sold SIPP

 

How much money can you receive for an Appreciating Assets investment claim?

The amount of your compensation claim will depend on a few factors, including how much you have lost from transferring your pension into a SIPP. Our expert panel will be able to discuss how much you might look to recover with you during your case.

If the financial firm you are claiming against has failed after a number of claims against it, the FSCS can award up to £85,000 per person, per claim. Our panel members will talk you through exactly how much they will look to recover.

 

How can ClaimExperts.co.uk Help?

Are you worried about your SIPP investment into appreciating assets such as precious metals and gold? Are you concerned that you have been misled with negligent advice from your financial advisor or SIPP provider? Let our panel of expert SIPP solicitors help.

If you have lost money by transferring your pension into a SIPP which was then used to invest into appreciating assets, the panel at ClaimeExperts.co.uk can help get your pension back. Even if you have not lost significant amounts, you still may have been mis-sold your SIPP. Get in touch with our expert panel today to find out if you are eligible to claim.

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ClaimExperts.co.uk provides a free educational service to the public, and connects potential claimants with pre-vetted legal firms operating on our panel. 

Our panel of legal firms all:

  • Operate on a No-Win, No Fee Basis
  • Require No Upfront Fees
  • Are Regulated by either the FCA or SRA

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