Cavendish Woodrow Storage Unit Investments: A Mis-Sold Dream
Many UK savers were persuaded to transfer their secure final salary pensions into high-risk Storage Unit Investments through SIPPs (Self-Invested Personal Pensions), often without understanding the dangers. If you were advised by Cavendish Woodrow or another firm to move your retirement funds into these speculative assets, you may have a mis sold pension claim. Time limits apply to claims, so a free pension consultation could clarify your options.
Risks of Final Salary Pension Transfers
Transferring out of a defined benefit (DB) pension—like a final salary transfer Cavendish Woodrow clients were offered—exposes retirees to market volatility and potential fraud. Storage units, often marketed as “stable” alternatives, lacked FCA regulation and frequently:
- Overstated projected returns
- Underestimated liquidity risks
- Failed to disclose conflicts of interest
How to Identify Mis-Sold SIPPs
A SIPP transfer UK may have been mis-sold if advisers:
- Didn’t explain the risks of unregulated investments
- Pressured you to leave a guaranteed DB scheme
- Earned hidden commissions from the investment provider
One affected investor shared: “I was told my storage units would outperform my NHS pension. Years later, I’ve lost 60% of my savings with no way to recover it alone.”
Why Storage Units Were Problematic
Storage Unit Investments tied to Cavendish Woodrow often:
- Lacked proper valuation methods
- Were illiquid (hard to sell when needed)
- Faced regulatory scrutiny post-sale
Compensation Pathways for Victims
If you suspect pension mis-selling, these steps can help:
- Gather all paperwork related to your transfer advice
- Request a professional claims review to assess misconduct
- Submit a complaint to the Financial Ombudsman or pursue a no-win-no-fee assessment if advised poorly
Next Steps for Affected Investors
The Financial Conduct Authority (FCA) has warned about unsuitable pension transfer advice linked to high-risk assets. Don’t delay—seek expert guidance to determine if you’re owed compensation for losses tied to Cavendish Woodrow or similar schemes.