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    • Blackbird73
    • By Blackbird73 15th Jan 20, 2:07 PM
    • 1Posts
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    Blackbird73
    Illiquid SIPP advice
    • #1
    • 15th Jan 20, 2:07 PM
    Illiquid SIPP advice 15th Jan 20 at 2:07 PM
    My father passed away in Sep 2018 and as administratior of his estate I have discovered a SIPP that was arranged by Portafina in 2000 with investments through Curtis Banks which I have discovered are illiquid. From doing some amateur research I believe my father may have been mis-sold the SIPP, I have a letter from Portafina basically apologising that the SIPP had not performed and that they would protect his retirement income. I have a telephone appointment booked next week with an adviser from Portafina and my question is what can I expect from them in regards of settlement? Would it just be the original amount invested or an amount including interest? I am hoping to arm myself with some info before speaking to them as they have already tried to fob me off by telling me that I need to deal with Curtis Banks. Thank you for your time.
Page 1
    • Dox
    • By Dox 15th Jan 20, 5:40 PM
    • 1,880 Posts
    • 1,410 Thanks
    Dox
    • #2
    • 15th Jan 20, 5:40 PM
    • #2
    • 15th Jan 20, 5:40 PM
    Have a look at:

    https://forums.moneysavingexpert.com/showthread.php?t=5631320#4
    https://forums.moneysavingexpert.com/showthread.php?t=5848512
    • MarkCarnage
    • By MarkCarnage 15th Jan 20, 6:59 PM
    • 182 Posts
    • 140 Thanks
    MarkCarnage
    • #3
    • 15th Jan 20, 6:59 PM
    • #3
    • 15th Jan 20, 6:59 PM
    You might want to do some research on suitability of pension investments involving Portafina which ended up with the Financial Ombudsman service. Pretty straightforward to search their database for these.
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