Stirling Mortimer

Stirling Mortimer is an overseas property investment fund operator based in Guernsey, offering investment opportunities in sunny locations such as Spain, Morocco and Cape Verde.

Investors often did so through SIPP pensions into their choice from seven different funds, all of which offered high returns in exchange. Stirling Mortimer is unregulated by the Financial Conduct Authority (FCA).

Stirling Mortimer marketed its funds as ‘low risk’ ventures, when in actuality the were high risk and unsuited to the average person. Many financial advisers involved in recommending SM investment packages to clients did so without ensuring that said clients had the necessary experience and capital to deal safely with high-risk overseas property investments.

Stirling Mortimer’s funds were classified as Unregulated Collective Investment Schemes (UCIS), recommended for high net worth investors earning in excess of £100,000 per annum and holding over £250,000 in assets.

Eventually, in 2012 the Serious Fraud Office (SFO) launched an investigation into three of the seven investment funds:

• Cape Verde No. 4 (investments were made into Paradise Beach Cape Verde)
• Morocco No. 6
• Cape Verde II no. 7 (Paradise Beach Cape Verde)

Our team will be able to determine your circumstances by examining your paperwork, but it is likely that if you were advised to proceed with a Stirling Mortimer investment and you are not:

• A high net worth individual (with a £100k+ income per annum)
• An experienced investor with knowledge and experience in the investment markets

…then there is a good chance you have been mis-sold. Investments such as Stirling Mortimer require both suitable of capital and knowledge if you are to be deemed a suitable investor. Responsible Independent Financial Advisers would know this.

Stirling Mortimer is based offshore in Guernsey and is therefore unregulated by watchdogs such as the Financial Conduct Authority (FCA). The assets they invest in are also based abroad and thus are subjected to laws outside of UK jurisdiction.

If you have invested in Stirling Mortimer’s fund, you may be entitled to claim for a mis-sold SIPP. Stirling Mortimer is still operating but cannot repay your for your losses directly. Fortunately, the Financial Services Compensation Scheme (FSCS) has allocated compensation for those who have been mis-sold this investment package.

Our Financial Litigation team is available to assess your case and offer an initial consultation with no-obligation to proceed.

Our in-house team of Financial Litigation experts deal with cases of financial mis-selling on a daily basis. Contact us today on 0113 200 9720 to arrange a no-obligation consultation and we can assess your case.

As the claim is being made against the FSCS then we would expect the claim to be concluded within 6 months.

As each case is unique it is difficult to provide a generic timeframe for conclusion of the claim. However, Oakwood Solicitors will give you an indication of how long your claim is likely to take to conclude as part of our initial review.

As long as your losses do not exceed the £85,000 compensation cap, you should be able to recover your losses in full.

The general purpose of a claim is to put you back in the position you would have been in, had you not received the negligent pension advice.

As your claim is against the FSCS then the compensation cap is £85,000.00 per person, per advisor.

• We will allocate you a dedicated lawyer with specialist knowledge and expertise to handle your claim from beginning to end and make the claims process hassle-free and as simple as possible
• Your lawyers will offer you a free initial consultation whereby they will consider your claim and advise you on the prospects of success
• Do not worry if you do not have any documentation to support your mis-sold investment. Your lawyer will obtain all the required documentation to be able to advise you on the value of your claim and ensure that you recover the compensation owed to you
• Your lawyer will keep you regularly updated throughout the claims process and will be on hand to offer advice and support throughout the claims process.

We pride ourselves on offering a five-star service to our clients. Take a look at our testimonials to see what our previous clients have said about the service offered to them.