Have you been advised by CIB Life & Pensions to invest in offshore property? You may be due compensation!

CIB advised their customers to invest in property developments in Cape Verde through The Resort Group (TRG), these developments were high risk and should not have been recommended to clients as this type of investment is unsuitable for many.

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After customers invested in The Resort Group (TRG) via their Self-Invested Personal Pension (SIPP), they then faced problems as they are now unable to sell their Resort Group investment. This, therefore, means that the money invested is essentially worthless. 

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The financial advisors at CIB Life & Pensions should have checked the suitability of the clients before recommending an unregulated, high-risk SIPP investment. They should have ensured the client was a sophisticated investor with experience and knowledge of investing and that the client should have been a high net worth individual earning over £100k per year. 

If you don’t fit in the above-required criteria or if you invested with CIB Life & Pensions into an offshore property, you may be eligible to claim.

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Please contact our specialist advisors today to see if you could claim compensation