Brisa Investments Plc
If you invested all or part of your pension or savings in Brisa Investments PLC, we at Beat the Banks would like to hear from you. We have come across many instances of unregulated advisors promoting investment in this scheme, which was centred on overseas properties, in particular a condominium project in Brazil. Needless to say, the promised yields turned out to be well wide of the mark.
Brisa Investments, and several other organisations, were heavily recommended by advisors from Cherish Wealth Management. The scenario was an all-too familiar one; pension holders were keen to find a way of enhancing their savings in order to obtain a more comfortable retirement and to leave a little more behind for their loved ones, so they sought a scheme that they could trust.
Along came advisors, many of them unqualified and unregulated, promising greater returns than they could possibly have imagined. Exotic locations were showcased, superb yields were promised and the potential risks were kept rather low-key. For the investor, surely nothing could go wrong. As we all know now, the whole scheme went horribly wrong.
The resultant fall-out has led to a significant number of compensation claims, most of which have been upheld. The Brisa Investments scheme is just one of several recommended and promoted by Cherish Wealth Management, a small company that has been responsible for hundreds of claims in recent times. Many of these cases have been or are being heard by the Financial Services Compensation Scheme (FSCS).