Did you invest in an IPIN development on the recommendation of Strathearn Insurance Services Ltd?
You may not know, or even have heard of them, but if you invested in a failed IPIN development, it’s worth checking!
It has emerged that in the marketing material for some IPIN developments, Strathearn Insurance Services explicitly recommended the NWIC insurance policy that failed to protect investors’ money. What they failed to tell you is that the insurance policy was unregulated, unrated and offshore.
We are currently aware that Strathearn Insurance Services’ recommendation appeared in the brochures for:
· Trinity Lodge
· Woolmanhill / Granite City
· Enterprise House
· Evolution Liverpool
If you saw Strathearn’s recommendation appear on the marketing material for any other development, please let us know.
As a UK registered broker regulated by the Financial Conduct Authority, Strathearn Insurance Services should have known better.
Fortunately for investors, unlike NWIC, Strathearn Insurance Services are subject to UK regulations, meaning that a complaint can be made about them to the Financial Ombudsman Service who have the power to order Strathearn to repay your deposit. If Strathearn or their insurers do not repay your deposit, then the Financial Services Compensation Scheme should step in to cover those awards.
Our lawyers are currently conducting a test case with the Financial Ombudsman in order to recover an investor’s deposit on the Enterprise House development. The case is well underway and is looking likely to succeed as every decision made has been in our member’s favour.
If you’ve lost your deposit on one of the listed IPIN developments and would like our lawyers to conduct your case in the same fashion, please get in touch. In cases where a complaint can be made to the Financial Ombudsman, our lawyers will act on a No Win, No Fee basis. Please do not delay.