The Ultimate Stirling Mortimer Related Claims Guide
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Stirling Mortimer SIPP Claims
The Stirling Mortimer overseas property funds were often mis-sold to SIPP investors, who were not always properly assessed for this high-risk and unregulated investment.
The SFO investigation was closed 6 years later because there was “no prospect of obtaining sufficient evidence to bring charges in this matter”.
Although there were several Stirling Mortimer funds, the ones investigated were:
Stirling Mortimer Cape Verde 4
Stirling Mortimer Morocco 6
Stirling Mortimer Cape Verde 7
Fraud allegations or not, many people were persuaded to invest their retirement funds in this high-risk investment through SIPP pensions, and may still be able to claim.
Get started nowWhat is Stirling Mortimer?
Based in Guernsey, and NOT regulated by the Financial Conduct Authority, Stirling Mortimer operates several investment funds relating to the construction of property abroad.
Sun, sea and sand locations were picked, such as Cape Verde, Spain and Morocco.
Investors could place their money (often through SIPP pensions) into 7 different Stirling Mortimer funds, all offering high returns.
But many of the financial advisers involved mis-sold Stirling Mortimer to their clients, failing to ensure they had the nessecary experience to invest in high-risk overseas property funds, and adequate wealth to undertake the risks.
Things got even messier when the SFO launched an investigation in several funds:
- Cape Verde No. 4 Fund (invested in Paradise Beach Cape Verde)
- Morocco No. 6 Fund
- Cape Verde II no. 7 Fund (also invested in Paradise Beach)
Speak with a specialist claims handler today
If you invested in The Resort Group, you may be able to claim
Can you claim for Stirling Mortimer mis-selling compensation?
Several financial advisers and the FSCS have been paying out compensation for having been mis-sold Stirling Mortimer 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 any Stirling Mortimer fund
- 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.
Speak with an expertStirling Mortimer timeline of events
2005 - Stirling Mortimer begins
2010 - Law firm compensation
Relating to the Stirling Mortimer Global Property Fund, a high-court judge ordered ELS to pay up after it presided over 9.8m Euros which may have been “misappropriated“.
2011 - '6.3m Black Hole'
In Feb 2011, one headline ran that there was still a 6.3million Euro “Black Hole” in the Stirling Mortimer Global Property Fund, effecting The Cape Verde no. 4 fund.
2012 - Settlement and SFO investigation
2015 - Firms in Default
January 2015 saw the news that around 24 financial advisers had been found to have given negligent financial advice over Stirling Mortimer, and had since fallen into default with the FSCS.
Over 130 claims had helped bring these advisers to account.
2018 - Lack of evidence
After years of investigation, the SFO dropped their investigation into Stirling Mortimer, citing “no prospect of obtaining sufficient evidence to bring charges in this matter”.
2019 - Claims ongoing
Get Claims Advice still received enquiries about fresh claims into the mis-selling of Stirling Mortimer, beginning each one with a FREE initial assessment to check for signs of mis-selling.
Could you be owed compensation for a mis-sold Stirling Mortimer investment?
Find out now with a free call back from one of our specialists
Stirling Mortimer Complaints
It would be nice to think that Stirling Mortimer was the ONLY high-risk overseas property scheme to be mis-sold through SIPPs.
Sadly, there are many more, and mis-sold SIPPs are a problem for thousands of pension savers all over the country, many of which are yet to realise they have been mis-sold and may be able to make a claim.
If you invested in Stirling Mortimer, why not take the time to have a free chat with one of our experienced Case Assessors to see if you can make a claim on a No Win – No Fee* basis.
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We’ve made successful claims over mis-sold Stirling Mortimer investments before
Click the button below to see an example of a Get Claims Advice claim against a mis-sold Stirling Mortimer investment on a No Win – No Fee* basis
See example claimReady to make a claim with Get Claims Advice?
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Stirling Mortimer Related Claims
Stirling Mortimer Compensation FAQ's
How do I know if I was mis-sold a Stirling Mortimer investment?
We’d have to look at your paperwork to make sure, but if you were advised to invest in Stirling Mortimer through a SIPP, but WEREN’T:
- A High Net-Worth Individual earning over £100k per year
- A Sophisticated Investor with a wealth of knowledge
Then you may have been mis-sold.
Investments like these should only be undertaken by people who have the money and knowledge to invest in a high-risk scheme. Financial advisers should know this.
Why are Stirling Mortimer funds high risk?
They are not regulated by the watchdogs at the FCA, as they are based in Guernsey and have assets abroad.
What was the result of the SFO investigation?
Quite anti-climatically, the Serious Fraud Office investigation into Stirling Mortimer which took place between 2012 and 2018, resulted in the charges being dropped due to the unrealistic prospect of obtaining sufficient evidence.
However, over 24 financial advisers have been held to account for negligent pension and investment advice over Stirling Mortimer, with thousands being paid out for many successful claims.
How can I get compensation for a mis-sold Stirling Mortimer investment?
Take a FREE, no-obligation assessment with Get Claims Advice.
We’re specialists at mis-sold pension claims, and are no strangers to the Stirling Mortimer situation.
If it turns out you do have a claim, you can come onboard as a client on a No Win – No Fee* basis with a team that’s recovered over £50million* from mis-sold pensions.
Ready to make a claim?
Speak with an adviser to see if you can make a claim on a No Win – No Fee* basis