SIPP provider Berkeley Burke faces 164 fresh claims via group action

Solicitor Hugh James is bringing the claims against the troubled SIPP provider and have recently selected the lead claimants in the group action. Partner and head of group litigation Neil Stockdale told Professional Adviser the claims were worth approximately £40,000 each, and he expected the case to reach the courtroom by autumn next year. Stockdale said many of the claims related to the facilitation of unregualted investments.  Stockdale said today's decision - the High Court rejected Burkeley Burke's claim against a Financial Ombudsman Service (FOS) decision - had been "encouraging...