It is essential that you explore all the options available to you in the UK to recover your investment funds.
Aside from registering your losses with the German liquidation process, which will take several years and will probably return a very low yield due to the size of the scam and number of individual creditors, we suggest that you concentrate on what can be achieved in the UK.
The first proven, quickest, and highest return would be, where possible, to claim against a UK Regulated party. This could include individuals or companies who have acted as either an advised or introducer or have transferred or administered your funds.
Whether you used Pension funds or cash there is potentially compensation owed to you.
We know that some of you have claimed yourselves, with mixed results. Well done to those who got their money back. But for those of you who would prefer to engage a specialist company, we have carried out comprehensive research on who’s who in the claims arena.
As part of this we have had many meetings and carried out due diligence to select an organisation that has the necessary skill sets, infrastructure, and capability to deal with all potential case types in the UK regardless of whether the investment was through a SIPP, SSAS or by cash.
The Claims Bureau Ltd came out best in all areas. They are a well-established, FCA Regulated UK Company that have already successfully recovered over £50 million for people that have been mis-sold investments.
We are very impressed with their approach to recover the financial losses suffered by our group. If you are interested in this service and would like an initial, no obligation discussion with The Claims Bureau Ltd please click here to go to their enquiry form. They will then contact you, listen to your situation and decide on a route forward.
They have identified (as we all knew) potential breaches of guidelines and financial services regulation; industry best practices; European-wide consumer protection provision; and strong indications of financial irregularities. These routes are currently being worked through.
Their processes are robust, and they have many years in working these claims. For any member that completes their initial forms they carry out a full and thorough investigation on each claim type free of charge.
Only when they believe that your claim has merits will they ask you to process on a no win, no fee basis.
Unlike most other claims’ companies, they also have an associated law firm that specialises in financial litigation. This means that, should it be required, they are able to structure multiple claims where relevant and not just take on the easiest route.
This is particularly important. Litigation is complex and can take a long time but may be the best option if a members’ losses exceed the amount recoverable through the FSCS or Financial Ombudsman.
They are happy to discuss your individual situation and answer any questions you may have.
For those of you who have been following this site for a while you will know originally we engaged with SCL to help support those caught up in this debacle to take forward claims against UK entities that may have been culpable in our financial loss. If you have already engaged their services, there is no further action required by you in the UK.