Green Oil Plantations Limited was a Private Limited Company based in Aldersgate Street in London. It was positioned as a lucrative investment opportunity by certain financial advisors and sold to thousands of British investors.
It was a UCIS (Unregulated Collective Investment Scheme) and collected upwards of £25 million from investors. Many of those people ended up facing financial hardship as a result.
Advisors across the country mis-sold Sipp pension funds to clients, assuring them that Green Oil Plantations was a low-risk investment. As these clients were saving for their pension, high-risk funds would not have been an appropriate investment. Despite this, investors recommended Green Oil, a high-risk, unregulated fund. If this happened to you, you may be entitled to mis-sold Sipp compensation.
Green Oil Plantations Limited attempted to raise capital to fund an Australian tree plantation. They raised more than £25 million, but did not succeed at getting their plantation up and running. This fund was both high-risk and unregulated, and therefore the Financial Conduct Authority (FCA) could not assess the processes in place.
The company’s founders championed the idea, claiming that the tree oil would be harvested two years after planting. This oil would then be sold as livestock fuel, fertilizer, and biofuel. The projections were high, but the fund failed, and no yields occurred, and 1,131 investors lost their money.
Did you invest any of your pension funds with Green Oil Plantations Ltd? If a Green Oil Plantations Ltd advisor convinced you to put your pension money into their investments, only for that investment to fail, you might qualify for mis-sold SIPP compensation.
Our claims experts can advise on whether you could qualify for mis-sold SIPP compensation. Apply online today for an information pack to learn more.
If a financial advisor advised you to invest in an unregulated investment such as Green Oil Plantations Ltd, 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 Green Oil Plantations Ltd, you could be entitled to compensation.Apply Now
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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
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Once we've assessed claim prospects, we make a pension complaint to the Ombudsman or FSCS, where appropriate
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How our fees work in practice:
• Compensation is £1,000, the fee is £150 plus VAT £30. This means the amount payable to us is £180 leaving you with the benefit of £820.
• Compensation is £3,000, the fee is £450 plus VAT £90. This means the amount payable to us is £540 leaving you with the benefit of £2,460.
• Compensation is £10,000, the fee is £1,500 plus VAT £300. This means that the amount payable to us is £1,800 leaving you with the benefit of £8,200.
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