Freedom Bay was an overseas property investment that promised a lot. This included a small ownership of a luxury resort on a Caribbean island as well as generous yearly interest payments from the point of investment until the completion of construction.
Most investors have seen no returns, however, and the construction of the resort has progressed painfully slowly.
For many, therefore, Freedom Bay was a bad investment. That’s okay if you are a high net worth individual with extensive investment experience. This is because you would have been properly aware of the risks before you made the investment.
What if you are a retail investor, however, such as someone making a SIPP investment to increase the amount of money in their pension pot.
If this applies to you, it is unlikely you should have ever been sold a Freedom Bay SIPP.
We Can Help You Get Your Money Back
All is not lost, however. This is because there is a method of making a claim to get the money you invested in Freedom Bay returned. Speak to one of our advisors today who will assess your individual situation and help you get your money back.
What Freedom Bay Promised, and How It Fell Short
Freedom Bay is in the Caribbean on the island St Lucia. Investors were told a resort was being built on land at Freedom Bay. The resort was to be five-star luxury with beachside villas, a spa, and more.
Investors were also told they were buying a "fractional ownership" of the Freedom Bay resort. In addition, investors were promised six percent interest on their investment until the completion of the resort.
As a result, many people made cash investments as well as investing into SIPPs.
Everything started to unravel whenever deadlines for completion of the resort started to get missed. Experts and investors alike have given up any hope of ever getting a return.
You may be able to get your original investment back, though. Get in touch today to speak with an advisor.