Stirling Mortimer Cape Verde, Majestic and Global Property Funds
Unregulated Stirling Mortimer invested tens of millions pounds of UK savers’ money in the Cape Verde islands and other locations in the run-up to the financial crisis when property development was booming.
The funds – often sold as low risk – have since dramatically fallen in value, and investors have found themselves shouldering significant losses.
Stirling Mortimer investments were classed as Unregulated Collective Investment Schemes (UCIS) which is a type of investment categorised by the Financial Conduct Authority as being high risk, illiquid and suitable for only the most sophisticated and adventurous of investors. This is contrary to what most Stirling Mortimer investors, that we have seen, understood.
In many cases we have seen the entirety of pension SIPP funds being invested into Stirling Mortimer, often in conjunction with other UCIS products, leading to financial devastation for those investors.
We have successfully recovered funds for investors in the Stirling Mortimer funds in legal claims and in referrals to the Financial Services Compensation Scheme (FSCS) and Financial Ombudsman Service (FOS). We always act on a fully contingent (‘no win no fee’) basis.
Please note that the time to bring these claims is limited.
If you wish to discuss your Stirling Mortimer investment in more detail please call us.