Have you been persuaded to invest
your SIPP with Global
Plantations Ltd?

APJ Solicitors could help you gain thousands in compensation if you were promised guaranteed high returns that never surfaced

 

Global Plantations Limited invested in forestry investments in Malaysia and Bali. The investment model, based on the planting, cultivation and harvesting of trees, was pitched to investors as a secure, high-yield and environmentally-friendly opportunity. However, the investment was not as secure as it was made to seem, as the trees were still at risk from timber diseases, pests, natural disasters, bad weather, changing prices of timber and local political changes.

In June 2017, Global Plantations Limited entered into insolvency proceedings. The liquidation of the company left investors unsure of the value of their investment, with many at risk of losing considerable sums they had invested through self-invested personal pensions (SIPPS).

As Global Plantations Limited investments were high risk, and illiquid, they weren’t suitable for ordinary investors looking to grow a pension pot. In these cases, it is possible for customers to seek compensation.

Did you have a SIPP investment?

A self-invested personal pension (SIPP) is a scheme that gives you a higher level of control over your own pension. This means you get access to more choices on where you can invest your retirement fund, allowing you to manage your own investments and savings, rather than relying on a pension company or fund manager. The appeal of such a scheme is clear, but the risks associated with it are sometimes not made obvious to investors.

Mis-sold SIPPs have become the subject of an increasing number of complaints made to the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS).

APJ Solicitors could help you gain thousands in compensation if you were the victim of negligent advice. Get in touch today for your Free* consultation and see how we can help you! 

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Do you think you’ve been mis-sold?

If you have invested your pension pot in a SIPP scheme and you’re now suffering as a result, or even if you haven’t yet lost money but suspect something isn’t quite right, check your situation against the following criteria to see if you’ve been mis-sold:

  • Pressure Selling
    Were you pressured into investing your pension into something you didn’t want or need?
  • Unsuitable Scheme
    Were you advised to transfer your existing private pension fund to a new, higher return scheme even though it wasn’t suitable for your needs?
  • Unexplained Fees
    Were there any surprise fees or additional costs attached to the investment that you weren’t made aware of from the start?
  • Unexplained Risks
    Were there certain risks attached to your SIPP that you were not informed of when you agreed to invest?
  • Lost Investment
    Have you made significant losses as a result of any of the above issues?

If any or several of the above points sound familiar to you then fill out our simple contact form or give our experienced team of solicitors a call and let us help you.