Mis-Sold SIPP Pensions From Cherish Wealth Management
Guide To Cherish Wealth Management Claims
After the Solihull-based financial advisory firm Cherish Wealth Management Limited was discovered to have mis-sold numerous SIPP pensions, they no longer are providing so-called “effective” financial advice which reviews, discusses and meets the organisation or individual’s specific financial requirements, as they claimed.
In fact, they are no longer describing themselves at all these days. In 2016, they closed and went into liquidation, leaving behind their legacy of mis-sold pensions.
Since 2015, theYEC team has worked diligently on a number of claims against Cherish Wealth Management Limited and the advice they provided, to general great success, and to this day we are still taking on cases involving Cherish Wealth Management.
Other High-Risk Investments
Mis-Sold Pensions Claims By InvestUS
For many UK investors, making an investment in InvestUS (Also known as Real Estate Investments USA Plc), an overseas property firm, appeared to be a wonderful pension opportunity. Their investment model of purchasing repossessed properties across the US, and then renovating, letting and selling them – appeared to be a solid strategy.
Even better, the InvestUS brochure literature claimed that investors who were putting money into their pensions (usually via a Self Invested Personal Pension or SIPP) could enjoy 15% returns in only 3 years – and even more once the money was re-invested into additional properties, from Detroit and into Chicago and Florida.
Guide To Ethical Forestry Pension Claims
Cold-calling financial advisers who have disappeared, liquidations, hurricanes, and a Serious Fraud Office investigation – Ethical Forestry is in serious trouble.
However, this story is far from over for many people, and many investors might be able to make a claim still since they they were mis-sold by Ethical Forestry via a Self-Invested Personal Pension (SIPP).
If you made an investment in Ethical Forestry but have not looked into what your potential options are for making a claiming, speak to one of our case handlers to receive a free initial assessment. There is no obligation, just a discussion to see what your potential options are, with the company that in July 2016 won the very first SIPP case against Ethical Forestry.
Cool Blue Samui Property Investment
This is an Overseas Property High Risk Investment that is not regulated by the Financial Conduct Authority. It involves investors being invited to invested in a villa complex located on Koh Samui, Thailand, a heavily developed island, frequently in exchange for some very high-projected returns paid into the investor’s SIPP Pension.
Many retailer investors are not informed of, and do not understand, that Overseas Property Investments are very high risk investments, and the FCA does not regulate them, which means there is no compensation available to them from the FSCS if anything goes wrong, and no assistance from the FOS either.
- Sophisticated investors, with extensive experience and knowledge of investing.
- High Net Worth Individuals, with at least £250k of net assets, or who earn more than £100,000 per year.
If you were not informed that an investment in Cool Blue Samui investment was high risk, or do’t fit into either of the descriptions above, then you might have been mis-sold on your investment, and may be able to make a claim against your financial advisor and negligent advice for placing you into an investment with Cool Blue Samui.
Venture Oil Investment
These were always a Non-Standard Asset and High-Risk Investment, that was not Regulated by the FCA.
Unregulated, high-risk SIPP investments and Cherish Wealth Management
Many investments that Cherish Wealth Management advised their clients to invest in are high risk and unregulated (the FCA does not oversee them and if they fail cannot benefit from the safety net offered by the FSCS).
These unregulated and high-risk investments frequently show very high projected returns when compared to safer options such as regulated investments (most of which are covered should they fail and have readily available compensation), which makes them appear to be very attractive offer when the IFA advisor skips over the details about them being high-risk in nature and unregulated.