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Home / Mis-Sold Pensions / SIPP Claims / Mis-Sold Pension Investments / InvestUS and Exit Strategy Claims

InvestUS and Exit Strategy Claims Guide

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You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

What are InvestUS and Exit Strategy?

An investment in overseas property firm InvestUS (Or Real Estate Investments USA Plc) seemed like a dream pension opportunity for many UK investors.

People saw the apparent potential in buying up repossessed properties across various US locations, having them renovated and then letting and selling them on.

InvestUS brochure literature indicated that investors saving for their pension (usually through a SIPP – Self Invested Personal Pension) could look forwards to 15% returns in just 3 years – more when the money was re-invested into further properties, from Detroit through Florida and Chicago.

But…

Many investors reported that payments of returns had stopped – something appeared to be going wrong with InvestUS…

The  property firm carrying out the developments were not completing the work they said they were, leading to a, indefinite delay in profits for investors…

Many people were mis-sold their InvestUS and Exit Strategy investments through SIPP pensions, and while many of those people have gone on to make successful mis-sold pension claims, others are yet to make their move.

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InvestUS and ITV Tonight?

In May 2017, ITV Tonight aired their investigation into pension mis-selling, focusing on financial advice firm Cherish Wealth Management, and the SIPP advice they gave to many of their clients to place their money with InvestUS/Exit Strategy.

The program also showed how Steven Wright was originally a director at Cherish Wealth Management, and later (after resignation at Cherish) a director at InvestUS (Or Real Estate Investments USA Ltd).

Wright has always denied a conflict of interest.

Despite this, InvestUS and Exit Strategy were always high-risk investments, and if you were advised to invest as part of a pension, you may be able to make a mis-sold pension claim.

 

Speak with a specialist claims handler today

If you invested in InvestUS Exit Strategy, you may be able to claim

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

Can you claim for InvestUS mis-selling compensation?

Several financial advisers and the FSCS have been paying out compensation for the mis-selling of InvestUS investments via SIPPs and SSASs for a few years, with Get Claims Advice often leading the claim on a No Win – No Fee* basis.

If you:

  • Transferred your pension to a SIPP
  • Invested in InvestUS, Exit Strategy or other high-risk investments
  • Aren’t earning over £100k per year
  • Aren’t a Sophisticated Investor

Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.

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InvestUS timeline of events

2013 - Company Formation

Real Estate Investments USA PLC formed in April 2013 with Steven Wright as Director.Money is invested through cash investors in the UK, as well as through SIPP pensions.

2016 - Celebrity Endorsements

Investors began to report missing payments, and Wright found that the company paid to carry out the house refurbishments had not completed the work it said it had.

InvestUS won the law suit against Right Buy Properties, who were ordered to pay InvestUS in the form of 79 properties.

Despite this, the delays in payments to investors continued.

2016 - Cherish Wealth Management

Meanwhile in 2016, Cherish Wealth Management, and financial adviser related to the InvestUS SIPP saga went into liquidation.

Steven Wright was also a former director of Cherish, but denied a conflict of interest.

2017 - ITV Tonight

ITV Tonight’s How Safe Is Your Pension? aired in May, and focused on the relationship between Cherish Wealth Management, Steven Wright and InvestUS.It also featured staff from Get Claims Advice Ltd as industry specialists!

Could you be owed compensation for a mis-sold InvestUS investment?

Find out now with a free call back from one of our specialists

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

We’ve made successful claims over mis-sold InvestUS SIPPs before

Click to check out a winning Get Claims Advice claim over a InvestUS SIPP

See example claim

Ready to make a claim with Get Claims Advice?

 

Receive a free call-back from a specialist to get started

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

InvestUS Related Claims


SIPP Claims

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SIPP Providers

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Cherish

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a Sophisticated investor
SOPHISTICATED INVESTOR Do you have a wealth of knowledge and experience in investing?
Compensation
HIGH NET-WORTH 1 Do you earn in excess of £100,000 per annum?
High net worth individual
HIGH NET-WORTH 2 Or do you own £250,000 worth of investable assets?

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Ready to make a claim?

Speak with an adviser to see if you can make a claim on a No Win – No Fee* basis

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

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