The Ultimate Resort Group Related SIPP Claims Guide

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The Resort Group & Claims

Welcome to the Ultimate Resort Group Related Claims Guide, and quite possibly your first step to making a claim and recovering any mis-sold investments.

Invested your SIPP or SSAS pension in the Resort Group Cape Verde?

Hundreds were persuaded to transfer their pensions in order to invest in resorts like Llana and Dunas beach after a sustained campaign of cold-calling, Free pension reviews and high-pressure sales tactics by a number of unregulated marketing firms and financial advisers, many of whom seem to have ignored their obligations to advise in their client’s best interest, leaving £millions in the hands of The Resort Group – a high-risk and non-FCA regulated investment…

We’ve been working on Resort Group related pension claims for some time now, and many have now reached the end with successful outcomes for our clients.

So if you’ve invested in The Resort Group, read the rest of this page, and get in touch to see if YOU can make a claim for negligent financial advice, and possibly even win your retirement fund back!

Speak to a Claims Handler at Get Claims Advice Ltd today!

Timeline of events: The Resort Group

2007 - The Resort Group Begins

The Resort Group sets up shop from its base in Gibraltar and starts eyeing up areas in the Cape Verde islands for hotel developments…

2014 - Celebrity Endorsements

By 2014, marketing efforts for The Resort Group were in full-swing, with celebrity endorsements to put the icing on the cake.

As seen with the marketing of other proposed high-class resort investments, such as the now infamous Harlequin Properties, The Resort Group flew in celebrities like Kerry Katona and Tinie Tempah for highly publicised grand openings.

Alright for some, eh?

2016 - BBC Panorama Focuses On The Resort Group

The program shocked many Resort Group investors, and prompted more than a few calls to the team at Get Claims Advice. Some of the bigger points raised by the show are summarised below:

The Resort Group was the parent company of Lifestyle Connections (a marketing firm that called clients to offer a FREE pension review) and First Review Pension Services (an unregulated financial advice firm).

Undercover footage showed group consultant “Kerry”, describing the investment options she sells: “All of the options I deal with involve the Resort Group”.

The Resort Group described First Review Pension Services & Lifestyle Connections as the “sales and marketing arm”.

The group made around £11m profit in 2015.

An unregulated consultant from First Review Pension Services was filmed “playing down” the benefits of a final salary pension with a view to securing a Resort Group investment: “Well, I can tell you what you had, if it’s any good, no it isn’t so there you are”.

The Resort Group told Panorama that both FRPS and Lifestyle Connections would not be taking on new business after the 30th June 2016, but this decision was unconnected the the Panorama program.

Following the program, several follow-up articles appeared in the press, including Citywire explaining that some sales agents for The Resort Group could have been making 7% commission on the sales, and the BBC published an article looking at the way in which The Resort Group was sold by Bruce Nicholas of First Review Pension Services

2017 - FCA Sends Questionnaire To Resort Group Investors

August 2017 brought the news that the FCA has sent questionnaires to some Resort Group investors asking for information. The article in New Model Adviser explained that it had understood that the questionnaire had been sent out by the FCA’s Unauthorised Business division. The FCA usually doesnt involve itself with unregulated firms, however it can do so if it suspects or has concerns that regulated activity had been carried out without the correct authorisation.

Mis-Sold Resort Group Related Claims

Thinking about making a claim over your Resort Group investment? Many have already done just that, and chose Get Claims Advice to fight their corner when it came to going toe-to-toe with their old financial adviser, or the FSCS to get them the justice they deserve.

Depending on when and how you invested in The Resort Group might depend on what sort of returns (if any) you’ve received as part of your SIPP or SSAS investment, but if you weren’t told about the risks presented by a TRG investment, and don’t fit the descriptions of a High Net-Worth Individual or Sophisticated investor, you could be in the same position as some of our other clients before they got in touch and started a SIPP claim!

All our NO WIN – NO FEE* claims start the same, with a FREE initial assessment of your situation and the advice you received to see if you can make a claim for loss and risk…

Did you know, we’ve made successful claims involving Resort Group before?

If you needed any more reason to choose us to take forward your claim, we’ve seen success in the past with claims related to The Resort Group

Ready to make a claim?

Think you’ve been mis-sold The Resort Group? Click below to take the first step to making a claim

Have a question about Resort Group?

Ask us any question about your investment and we’ll be in touch at the best time for you – COMPLETELY FREE!

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Could You Have Been Mis-Sold?

Not quite sure how you can identify whether you’ve been mis-sold? Let’s break it down…

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    SOPHISTICATED INVESTOR

    Do you have a wealth of knowledge and experience in investing?

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    HIGH NET-WORTH 1

    Do you earn in excess of £100,000 per annum?

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    HIGH NET-WORTH 2

    Or do you own £250,000 worth of investable assets?

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