Helping You Claim For Miss Sold Pensions

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SIPPS Claims – NO Win NO Fee – Miss Sold SIPPs Compensation.

There has been an epidemic of miss sold SIPPs during the course of the past 20 years.

Recently through the investigations of both the financial ombudsman and through the powers of the financial services compensation scheme, there have been a great many victims of the ‘mis sold pension’ who have made a claim for compensation for these selfinvested personal pension schemes (otherwise known a ‘pension plans’).

This page will tell you in great detail about the mis selling of SIPPs.

Whilst it’s not obligatory to read the whole of this page, it does contain information to shed light on SIPP claims and enough detail to give you a comprehensive and complete understanding for you to take action on to recover potentially £10,000s in compensation for your miss sold SIPP.

Is It Possible To Claim For Miss Sold SIPPs?

Yes. It is possible to claim for a miss sold self invested personal pension.
Whether or not you will be able to claim for your self invested personal pension (SIPP) is down to some key criteria described below, this page is a few minutes of reading but is well worth the time spent as it will tell you everything you need to know about SIPPs Claims, including basically any question you have about the process of claiming for a miss sold SIPP, the likelihood of winning SIPP compensation the amount of time it takes to win the payout and anything else you may wish to know.
In the event that your SIPP is not mentioned on this page this does NOT mean that you won’t be able to win compensation, this should not stop you from getting in touch with us for more information and for assistance with claiming compensation for your SIPP.
What Are “SIPPs”? What Does The Term “SIPP” Mean?
In a nutshell “SIPPs” are “Self invested personal pensions” these are pension (investment) products & options for people to allocate their pension fund into, and they are often miss sold.

Common ways in which SIPPS are miss sold:

Investment in Foreign Land SIPPs: This is a particularly common SIPP investment where people place funds from their pension into a pension fund that purchases foreign land, one common way in which this investment is miss sold is by purchasing land that does not have the claimed commercial value and therefore selling an investment to the client (SIPP client) that isn’t worth the money, there have also been foreign land SIPP investments that have been mismanaged and have had a wealth of issues. It is possible to claim SIPP compensation for foreign land investments and you can contact us for more information if you need help with this.

Foreign Land Investments have been extensively investigated by the ‘Serious Fraud Office’ and it is possible to get compensation for any ‘mis sold sipps’ related to this investment product (and many others).

Forestry Investment SIPPs: This is another very common SIPP investment that commonly gets miss sold by unscrupulous investment companies and fund managers (missold sipps of this nature were sold on a mass scale in the past 15 years).. With this investment type, SIPPs are miss sold as forestry investment opportunities in a number of different ways, ‘ethical forestry’ has been a common way in which this sipp was miss sold to the public, with thousands and thousands of people involved who could potentially win up to £50,000 in compensation.

The ‘Ethical Forestry’ investment scheme was miss sold repeatedly and is now in a state of liquidation, with many investors’ suffering losses as a result of a number of badly managed practices and financial irresponsibility of people running the scheme. (the ethical forestry to this day still remains under investigation by the financial conduct authority and the financial services compensation scheme regularly pays compensation to the many suffereres of this mis sold pension type.

One SIPP provider that has been implicated as an introducer to this investment opportunity was ‘Liberty SIPPs’ which connected thousands with investments starting at £18,000 as a minimum.

In Summary: You can claim compensation for Miss Sold SIPPs related to ‘Forestry investments’ of various types INCLUDING ‘Ethical forestry’ and products relating to ‘liberty SIPPs’ contact us if you require assistance with this.

Burial plots – Burial plots have been miss sold as SIPP investments for a period of time, one prominent SIPP provider that has mis sold this investment to the public is ‘Wallsall Burial Plots’, a company which offered this as an investment for people to put money into investments abroad, burial plots is one of the many examples of miss sold SIPPs and if you have been the victim of mis selling for this and other investments you may be able to claim compensation.

Saline Seas – One of the more common mis sold SIPP investments was the ‘Saline Seas’ investment option.
This environmental SIPP was a particularly risky investment which was proposed by pension providers in order to gain commission for the introduction into the investment scheme.
Saline seas was a SIPP that was miss sold in a widespread campaign by investment marketers, and there are other similar environmental SIPPs that are being miss sold on a regular basis, if you have been a victim of this or suspect you have been wrongly sold any other form of SIPP or pension investment feel free to get in touch.

SCS Farmland – SCS Farmland investments was an overseas farmland investment which had operations in Argentina, which offered an investment opportunity to people with a transferable pension fund, pension transfers of this nature came under heavy fire with investigations carried out into the poor advice offered.

Independent Financial Advisers’ (IFA’s) offered this investment opportunity for people with an option to invest a minimum of £12,000 into the SIPP scheme.

People were often marketed ‘SCS Farmland’ as a potential investment by cold calling companies who were unregulated, with a telephone sales pitch in which after further pursuit the investors would part with thousands of their money which was placed in this scheme.
Unfortunately a lot of people suffered losses as a result of this failed investment scheme and there could be a possibility of SIPP compensation for the victims of this product (and many others).
InvestUS – InvestUS was a SIPP investment option which was marketed heavily by a company known as ‘Avacade’ which acted as an unregulated introducer which failed to inform clients of the risks’ associated with investing in the product, pension transfers bt hapless investors has money pooring into this selfinvested personal pension opportunity fromfar and wide..
InvestUS had a fund which purchased repossessed property from certain areas of the United States, including Florida, Chicago and Detroit, investors were promised returns of 15% in a low risk environment, however the investment turned out to be a high risk proposition, with many people losing sums of money approaching the value of £250,000.
As with any SIPP if you suspect you have been miss sold you should contact us as you may be due compensation.
Green Oil Plantations – Green Oil Plantations marketed a SIPP pension investment opportunity that didn’t pan out as expected.
It sought to fund the plantation of a large number of Miletta trees in Austrailia and people who put their money into the Green Oil Plantations investment scheme suffered losses.
The plan within the scheme was to harvest the Miletta trees after two years and market the raw material as a ‘biofuel’ this is one example of a ‘Biofuel SIPP investment’ that has been investigated for mis selling and thus, people who have participated in this scheme and other schemes like it may be due compensation.
Rimoni Grande – Rimoni Grande was a Hotel SIPP investment opportunity which enabled people to invest their pension into a Hotel resort which was based in Crete.
Rimoni Grande was a high risk investment scheme which was unregulated and victims of this particular mis sold pension option were often ill informed (or not informed at all) of the risks to their capital.
Letters were sent to clients of this SIPP investment that their investment was now valued at £1. It was another failed overseas property SIPP.
If you have suffered from Rimoni Grande or another pension investment like it then feel free to get in touch for help with a compensation claim.
Freedom Bay – Freedom Bay SIPPs were an investment into property in Saint Lucia, this was a resort in which people with transferable pension funds invested their money and the property subsequently went bust.
Bright Financial Property as a result were instructed to pay compensation to clients of this unregulated SIPP investment whos’ promoters claimed no qualification in property investment or development, and the product was declared illiquid.
Los Pandos ‘Martin Clews’ – The investment in Los Pandos (Martin Clews) for SIPPs was the investment in a Vineyard that promised returns in the region of 30%-39%.
This unregulated investment was pitched to high net worth individuals who were not made aware of the risks associated with unregulated investments, as a result many people have decided to litigate against this provider.
This is one example of many different mis sold SIPPs and one that markets vineyard investment which can be considered high risk if it is unregulated.
If you would like help with a potential miss sold SIPP claim feel free to contact us in relation to this, we’d be happy to assist on a no win no fee basis.
Park First Limited – Park First Limited was an investment scheme which made use of SIPP pension funds to invest in car park spaces, it was self-described as an “innovative secure property investment” however there have been issues for investors in this popular car parking space SIPP option.
The investment has proven to be a ‘High Risk’ undertaking and this scheme has mis sold SIPPs to many people, if you suspect you are one of the victims of SIPP mis selling then get in touch with us for our assistance with a no win no fee claim.
How Are SIPPs Mis Sold To Brits?
There are a number of ways in which SIPPs are commonly wrongly sold to the British public.
Low quality financial advice (usually with a vested interest at play with the financial adviser’ (introducer) in question).
Many companies’ have sold SIPP investments to members of the British public for decades and many of these investment opportunities have been marketed in a way which would be considered unethical.
As a measure to avoid tax – this is another way in which these self invested personal pensions are presented as an advantage to British residents, the potential tax benefits is a common mis-selling sales USP (Unique Selling Point) deployed by unregulated introducers.

How Can I Start A Claim For A Miss Sold SIPP?
We can handle your SIPPs claim on your behalf, we have expert solicitors and advisers’ who are capable and willing to handle your claim should you decide you would prefer assistance.
There is also the option to pursue a claim yourself should you wish, however the process is likely to be long and drawn out, and requires a lot of administrative procedure and patience.
If you wish to begin a claim for a mis sold SIPP with us, get in touch using the form to the upper right hand side of the page to begin the process.

Am I Eligable to Claim For A Miss Sold SIPP Investment?

Criteria Below:
If one or more of the following criteria apply to you, you may be eligible to make a SIPP claim, (we advise you get in touch with us as soon as possible to begin your claim):
1. Have you received advice that was of a low quality? Did the adviser appear to have a vested interest in whether or not you take up one of the options on the SIPPs?
2. Have you received financial advice from someone that is unauthorised? Did the adviser disclose to you whether or not they were FCA licensed?
“Section 19 of the FSMA (Financial Services and Markets Act 2000) strictly prohibits unauthorised advisers’ & professionals from advising on regulated investment activities (including investments that you would find in a SIPP scheme). “
“In the event a SIPP investor has received advice & guidance from someone who does not have the necessary authorisation or accreditation, a contract entered into by the investor with the unauthorised person may be unenforceable. In that case, it is common for an investor to be able to recover financial losses.”

3. Had you been invited to engage in an investment opportunity presented as a “financial promotion?” with a company that had no FCA authorisation at the time of the advice?
4. Did you receive advice that was unclear, unfair or misleading? If so it could be in breach of “COBS” (Conduct Of Business Sourcebook) this is an FCA rulebook featuring strict guidelines for dealing with customers in the financial sector and how they are communicated with.
5. Have you suffered losses when you were told your pension would appreciate at a given percentage? this is a common way in which these financial products are mis sold.
It may also be possible to file a claim with the FOS (Financial Ombudsman Service) either directly in relation to the issues stated about or through their “FSCS” (Financial Services Compensation Scheme) which enables British investors to recover financial losses through legislation and law.
We can handle your SIPP claims no matter the circumstances, we are willing and able to advise you and help you at any stage of proceedings.

SIPPs Mis Selling, Types Of Miss Sold SIPPS

Common examples of miss sold SIPP plans are as follows:
Overseas Investments/ Overseas’ SIPPs – One of the most commonly miss sold forms of SIPP investment is the overseas SIPP, this can come in the form of a business investment abroad or on an overseas’ commodity.
Commercial Property SIPPs – Commercial property investment is another investment option that is commonly miss sold, these can be disastrous situations where people have invested huge amounts of money into the construction of a commercial property and either the build was never completed or initiated, or if there have been logistical issues with the construction project.
Environmental SIPPs – Cultivation or environmental development SIPPs are a common option that is presented to the investor that can commonly be miss sold.
Overseas’ Land Purchase/ Land Purchasing SIPPs – These can be particularly risky investments due to the fact that there are laws in different countries concerning the ownership of land. Some countries also have political issues making these investments increasingly risky, whilst some investments of this type can be safe, many are not.
Energy production and processing SIPPs – Another commonly mis sold high risk self-invested option.
No matter which type of investment you have been party to and have suffered losses as a result of which – We will work with you, we have worked on a range of different SIPP complaints and we are a versatile and experienced company and we’re able to help you with the legal action to help in gaining compensation from these nonstandard investments..
5 Reasons You Should Claim With Us
1/ We have experienced, expert solicitors that have helped to claim millions in compensation for wrongly sold SIPPs.
2/ We have the ability to find out if you have a claim from the start, we will investigate on your behalf.
3/ Many people have received £10,000s in compensation and some people have been able to win much more.
4/ We offer a no obligation review of your SIPP and we will give you feedback on whether or not there is a viable claim to pursue
5/ We operate on a “NO WIN NO FEE” basis on all claims.
If you would like to get your SIPP claim started, or you suspect you have been mis sold a SIPP, you can get in touch with us on a no obligation basis, and any SIPP claims we work on are carried out on a ‘No Win No Fee’ basis.

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