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Sep 06 2019

Berkeley Burke pass into administration

Oh, dear! This is the third sizeable SIPP provider in the last six months to fall into administration (see May newsletter – Lifetime SIPP and June Newsletter – GPC SIPP)

Claims against Berkeley Burke that have so far been directed to the Financial Ombudsman Service must now be re-directed to the Financial Services Compensation Scheme.

 Crucial message to SIPP investors

The ‘new’ maximum limit for claims is £85,000 and the hugely important message for investors in any of these three SIPP firms is that a further claim may be made to the FSCS even if you have already had one, or even two, compensation payments already. Call United Claims to discuss this possibility, without obligation.