The Windermere Hydro Hotel Limited project based in the Lake District and registered to GDVC investments, was sometimes sold to investors through SIPP pensions.
But it is now known that not all the investors who were persuaded to place their money into the Windermere Hydro Hotel were aware that it was a high-risk investment, not regulated by the watchdogs at the FCA.
There are rules about who a financial adviser can recommend a high-risk investment like this one too, making sure they are earning enough money to risk it (usually over £100,000 per year), and/or have the investment knowledge and experience to understand just how much risk they are undertaking.
In at least one case, financial advisers at Blueinfinitas got it wrong, facilitating one man’s £33,000 investment in the Windermere Hydro Hotel. The financial ombudsman decided that he had received the wrong advice, and told BlueInfinitas to pay compensation.
If you invested your pension it this scheme, there is a chance you have been mis-sold a high-risk investment, and may be able to make a claim.
One way to find out is with a FREE, no-obligation assessment with an experienced case handler at Spencer Churchill Claims Advice. Just book a call-back through the website, or call 01204 929929.Get started now
There are rules about high-risk investments that advisers are supposed to follow.
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
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FOS decision DRN0277173 tells how one man transferred his pension into a SIPP to invest in the project, but received negligent advice to do so.