The Rimondi Grand Hotel Investment SIPP – What exactly happened?
A Self Invested Personal Pension (SIPP) is a personal pension scheme approved by the government. SIPPs were introduced in 1989, and since then more than a million UK citizens have used a SIPP to further their pension pot. Rimondi Grand is considered a SIPP, but that doesn’t mean it was regulated.
Without regulation, there were no preventative measures in place. As such, financial advisors were free to promote the investment however they liked and, with commission in mind, went on to dupe countless investors out of their pension money. Along with the beautiful Rimondi Grand Resort & Spa Hotel, this seemingly lucrative opportunity would have been hard to turn down.
SIPPs are considered riskier than other types of savings as they rely on the success of where the money is invested. This was extremely evident in the Rimondi Grand case, which included an overseas property investment.
Like many others, were you promised big returns on your Crete hotel investment? The Rimondi Grand Hotel investment is considered high-risk, meaning it should have only been sold to experienced individuals with a high net worth. If you invested your hard-earned money into the Rimondi Grand, we can help you find out whether you’re eligible for a claim.
Claim against the mis-sold Rimondi Grand SIPP
The Rimondi Grand investment was not regulated by the FCA, but you may still be entitled to your money back. This was a classic case of mis-selling and our experts have seen many successful claims for investments like this over the years.
You may have been mis-sold if you weren’t given the chance to shop around, or perhaps you weren’t given the full information about the Rimondi Grand SIPP? There are many ways in which you could have been mis-sold, take a look at our informative guide on what counts as mis-selling?
Getting started with your Rimondi Grand investment claim
If you’re still unsure whether or not you were mis-sold, contact our team for more information. They’ll help you get to grips with your case and get started with your claim.
We’ll contact your Rimondi Grand SIPP provider on your behalf to start the claim, and we’ll accurately put forward your case to explain how you were mis-sold. We’ll keep you updated every step of the way, so you can relax knowing your claim is in safe hands.
To get started, fill out our quick claims form and we’ll be in touch with a claims pack for you to fill out. We only employ the best team members to fight in your corner, so when you make your claim with Expert Pension Claims, you can be sure you have the best chance of success.
If your claim is unsuccessful, we’ll then take your case to the Financial Ombudsman. The Financial Ombudsman finds in favour of two-thirds of SIPP cases, so there is a good chance you will be successful – especially with expert representation from our team.