There are some investments that are not suitable for retail investors. This includes investments that are unregulated so are not covered by standard compensation schemes. It also includes investments that are high-risk.
This applies to all overseas property investments. Rimondi Grand was such an investment so should only have been sold to high net worth individuals and those with considerable investment experience.
In other words, it shouldn’t have been sold to retail investors. If you are a retail investor and you invested in Rimondi Grand SIPP, you may have been mis-sold which may mean you can make a claim for your losses.
We’ll Help You Make a Claim to Recover Rimondi Grand Losses
Goodwin Barrett has experience of all types of mis-selling claims, including those related to Rimondi Grand. When you speak to one of our advisors, they will assess the potential of making a claim based on your circumstances. You will then get advice, plus we handle the whole claims process. Please complete the form on this page and one of our advisors will call you back.
What is Rimondi Grand and What Went Wrong?
Rimondi Grand was a hotel investment in Crete. Many people made cash investments in Rimondi Grand but there are also many people who bought the investment as a SIPP. In other words, they put a significant amount of their retirement pot into the investment.
Rimondi Grand is now valued as practically worthless. That means your investment is likely to be worthless too.
Plus, it was not regulated by the Financial Conduct Authority. That doesn’t mean you can’t get all or some of your money back, though.
To find out your options and whether you have grounds for a claim, please contact us. We’ll give you expert help based on your individual circumstances so please get in touch.