Elysian Fuels was a collection of companies that mis-sold SIPP pension funds to their British clients. If you were convinced to exchange your retirement savings from an established scheme to an unregulated SIPP that contained Elysian Fuels, you might have been mis-sold Sipp products.
There are currently 77 different companies registered with Companies House under the name Elysian Fuels. Some are private limited companies, and others are limited liability partnerships. They were located at one of three addresses: 30 Finsbury Square, London, EC2P 2YU; 27-28 Eastcastle Street, London, W1W 8DH; and 10 Old Burlington Street, London, W1S 3AG.
Did your financial advisor fail to accurately assess your financial situation and recommend you invest in Elysian Fuels? If so, you could be entitled to mis-sold Sipp compensation. With the help of our claims experts, you could recoup some or all of the money you lost.
In 2013, the first Elysian Fuels company was launched as a part of a Grimsby Bioethanol plant. This was a large endeavor with more than £200 million of funding, 90% of which came from mis-sold Sipp pension funds. Elysian Fuels was touted as a ‘green investment,’ attracting people interested in ethical trading. Football manager Rafael Benitez and other professional footballers got involved, and a number of high-profile bankers.
Things were going well until the price of oil tanked, and the Channel Island Stock Exchange removed Elysian from their listings. Investors lost their retirement savings, and those who had been mis-sold Sipp products were left with no recourse.
If you were mis-sold Sipp pension investments in Elysian Fuels without being made aware of the risks, you could be eligible for mis-sold Sipp compensation. Your advisor should have thoroughly analyzed your income, investment holdings, and debt before recommending an unregulated Sipp.
If you can answer ‘yes’ to any of these questions, you could make a successful mis-sold Sipp claim. Our expert claims team ise happy to help you with your questions and the entire claims process. Apply online today for an information pack to learn more.
If a financial advisor advised you to invest in an unregulated investment such as Elysian Fuels, it is still possible to claim compensation. Where the advisor is still operating, a claim can be pursued against the financial advisor via the Financial Ombudsman Service (FOS).
If an advisor is no longer operating, the Financial Services Compensation Scheme (FSCS) pays compensation for valid mis-selling claims against any financial advisor who has been declared in default by them.
If your pension included investment in Elysian Fuels, you could be entitled to compensation.Apply Now
In this article, Allegiant’s Pensions & Investments Manager, Andy Ramsay, explores the fundamental differences between between the Court and Ombudsman routes for resolving pension & investment claims. The article highlights key differences in:-
Andy further explores out-dated preconceptions about Claims Management Companies. This short summary is essential reading for anyone planning on making a pension or investment claim with the assistance of a CMC or law firm.Click to Read
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This article will be of particular interest to anyone with a potential compensation claim against a financial service provider that has collapsed.Click to Read
The Financial Conduct Authority (FCA) has identified ‘serious and ongoing failings’ by both Individual Financial Advisers (IFAs) and Self-Invested Personal Pension Providers. Typically, mis-selling is related to the “wrong” type of investor being given poor or misleading advice as to what investments were relatively safe and right for them. In this summary, we look at What a SIPP is, and how they have been mis-sold, together with the FCA’s review into sector malpractice.Click to Read
Pre complaint investigation and analysis. No paperwork? Don't Worry! We could still help.
Once we've assessed claim prospects, we make a pension complaint to the Ombudsman or FSCS, where appropriate
Pension complaint response received. We'll carefully analyse the response and advise you on how to proceed.
If appropriate resolution cannot be reached with a live firm, and we disagree with their stance, we will refer the claim to Ombudsman on your instruction.
Allegiant always aligns great value with exceptional service. This winning formula has seen us emerge as one of the UK’s pre-eminent Claims Management Companies in recent years. See why Allegiant is a great choice below. *All information correct as at 28 August 2021.
How our fees work in practice:
• Compensation is £1,000, the fee is £250 plus VAT £50. This means the amount payable to us is £300 leaving you with the benefit of £700.
• Compensation is £3,000, the fee is £750 plus VAT £150. This means the amount payable to us is £900 leaving you with the benefit of £2,100.
• Compensation is £10,000, the fee is £2,500 plus VAT £500. This means that the amount payable to us is £3,000 leaving you with the benefit of £7,000.
NB. It is possible that our fee may become payable before you have access to your pension or investment which may result in you having to pay our fee from your own funds.
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You can cancel this agreement at any time after the 14-day cancellation period. However, if a complaint submitted by us is successful, the Success Fee will apply in the usual way.
You can cancel by post: Allegiant Finance Services Limited, Freepost RTYU–XUTZ–YKJC, 400 Chadwick House, Warrington Road, Birchwood Park, Warrington, WA3 6AE; (b) by email: firstname.lastname@example.org; (c) by telephone: 0345 544 1563; or (d) online at https://allegiant.co.uklegal/cancellation.
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