Did you invest following advice from Nottingham’s Kingsbridge Asset Management?
Kingsbridge Asset Management of Nottingham made big headlines in the middle to late part of 2015. A flood of investment mis-selling claims came from the biggest footballers which made the accusations regarding pension scandals as big as they get.
Many newspapers and magazines reported the mater. The Sun, the International Business Times and Citywire all reported continuously as these football notables were revealing themselves as the victims of Kingsbridge Asset Management’s mis-sold investments. England’s iconic Rio Ferdinand reported losing about £2.3m in unregulated investments both in Florida and in Spain.
The Beautiful Game had many big names including defenders and strikers who felt they failed to score when they took Kingsbridge Asset Management’s advice. They all lost an estimated £100m. The advice was given between the years 2003 and 2007. The IFA supposedly took commissions of about £5m for investments in film schemes and also property holdings overseas.
Kingsbridge Asset Management Investments
You do not need a footballer’s wages to have invested in Kingsbridge based on their advice. You are entitled to be angry about what happened. Many of these unregulated investments were the ones recommended. There is no hard evidence that anything dodgy or illegal was inherent in the investments.
Some of them may have suffered losses during and following the crash of 2008. While the investments might have been unregulated, the advice you received just like that provided to the likes of Rio, Andy Cole and Martin Keown, was unfounded. If it is found to be unsuitable for you, it may entitle you to a form of compensation which is capped at £50,000 by FSCS.