Investing in parking spaces through a SIPP type pension can appear as a good alternative to a normal personal pension, with investment and marketing firms offering returns of 8% or higher.
But these parking space investments are high-risk and unregulated by the FCA, meaning the watchdog isn’t looking over the investment’s shoulder, and some people are mis-sold to people who may have been wholly unsuitable for the investments in the first place.
Despite “guaranteed rental payments” on some parking investment schemes, some people have now begun to lose money through these investments, and many may be able to make a claim.
