If you, like countless others, were advised to move your retirement savings into a Self-Invested Personal pension (SIPP) to fund an investment into The Resort Group Plc in Gibraltar, then you likely lost significant sums of money. With our help, you can take legal action to investigate the possibility of recovering some if not all of your lost money..
You should start the process of making a pension claim with as much information as possible. Here is where you start to reclaim some, if not all of your lost money through investing in the Resort Group.
What were The Resort Group investments and why did they go wrong?
Founded in 2007, The Resort Group was an overseas property development firm based in Gibraltar, and it owned four sizable luxury resorts (Tortuga, Dunas Beach, White Sands and Llana). In 2016, the company came under the spotlight when the BBC conducted a Panorama investigation that exposed the possibilities of pension mis-selling. After having taken Independent advice of investing in The Resort Group, financial trouble landed at the feet of numerous investors who unwittingly parted with huge portions of their retirement money, in order to ‘take advantage of the fabulous opportunities’ created by the scheme.
What were The Resort Group’s investment opportunities?
The purpose of The Resort Group’s investments was to build resorts, including hotels in the Cape Verde area. As a result of having taken independent advice, many people were convinced to invest their pension funds into this particular scheme. Hundreds of investors were coerced into transferring their safe and secure pensions into SIPPs to invest in The Resort Group’s various hotels – all resorts promised healthy returns with a modest (but significant) initial investment. However, little did investors know, they were subjecting themselves to high-risk investments that were not regulated by the Financial Conduct Authority (FCA). Investors were not told about the risks involved in investing in The Resort Group’s property and like numerous mis-selling cases, investors had no idea what they were getting themselves into..
What should I do if I transferred my pension into a Resort Group investment?
If you have invested in The Resort Group’s overseas property investments, get in touch with our dedicated team at Expert Pension Claims today. Mis-sold pension claims are what we deal with and our claims form to the right of this page takes as little as 30 seconds to fill out.
When you decide to make your claim with us, we will contact your Independent Financial Advisor and / or SIPP provider on your behalf. We will put forward your case, explaining clearly how you have been mis-sold.
Where your Independent Financial Advisor and / or SIPP provider does not uphold your complaint, we can then take your case to the Financial Ombudsman Service. Making your claim through our specialist claims management team couldn’t be easier.
If you believe you have been mis-sold an investment into The Resort Group, contact Expert Pension Claims to find out more about how we can help you. In the meantime, be sure to browse our guides for the latest news in the industry, including what counts as financial mis-selling.
