Douglas Baillie: Pension Transfers and Failed Investments

Douglas Baillie Ltd, an Edinburgh-based Independent Financial Advisor (IFA), provided advice on pension transfers and investment solutions before being dissolved on 13 April 2021. They also gave advice through ‘The Pension Specialist LLP’, an appointed representative of Douglas Baillie from May 2011 to November 2013. Douglas Baillie Ltd was prohibited by the FCA from engaging in regulated activities from 15 November 2016.

The firm advised clients, including those with defined benefit pensions with employer British Steel, to transfer their pensions into Personal Pension providers such as:

• Berkley Burke SIPP
• Careys
• Taylor Made
• Montpelier SIPP
• Lifetime SIPP
• Fast Pensions Ltd

These schemes often invested in high-risk, unregulated investments including:

• Dolphin Capital/Dolphin Trust (German property group)
• Harmony Bay, (Luxury spa resort and hotel in Turkey)
• Manchester T2 Hotel (MT2) (Airport hotel)
• Park First (Airport car parking)
• Store First (Storage space)
• Harlequin (Overseas property investment in the Caribbean)
• Salinas Sea Resort
• Walsall Burial Park.

If you received advice to transfer your pension, and as a result have suffered financial losses in failed investments, CP Financial Claims can assist you with a claim for compensation to the Financial Services Compensation Scheme (FSCS), where we have successfully claimed against both Douglas Baillie Ltd / The Pension Specialist.