By Paul Gair

The High Court has dismissed an application by Berkeley Burke SIPP Administration Ltd (Berkeley Burke) for judicial review of an earlier decision by the Financial Ombudsman Services’ (the FOS).

The FOS previously decided that Berkeley Burke, a Self-Invested Personal Pension (SIPP) provider, had failed to act with due skill, care and diligence when accepting the complainant, Wayne Charlton’s requested investments in an unregulated scheme in his SIPP.  Berkeley Burke had been required to compensate Mr Charlton for the losses he suffered as a result of making the investment.