Hydrology PLC was an investment opportunity sold to clients all over the UK by financial advisors. While the fund was championed as a way to grow clients’ retirement savings, it ultimately went into liquidation. Did you invest in Hydrology PLC? Did an advisor tell you that this was a good opportunity? If so, you may have been mis-sold SIPP pension products.
In the past, Hydrology has also been known as Water Bonds PLC and Nexus Water Bonds before deciding on Hydrology PLC in March 2016.
Hydrology is no longer trading – they cannot pay any returns on your investment. However, you might qualify for mis-sold SIPP compensation now available from the Financial Services Compensation Scheme (FSCS). Read ahead for more information.
Hydrology PLC told their clients that they planned to “enter commercial water markets by financing and developing facilities” to treat and purify water for industrial uses. They initially did just that, operating two Brazilian projects and one American project. Their stocks were listed on the Cyprus Stock Exchange. However, they soon faced financial hurdles and began to falter.
The US experienced a big decline in oil and gas prices, and they became embroiled in local disputes in Brazil.
Hydrology originally tried to arrange a CVA – Creditors Voluntary Arrangement – to ease their financial difficulties. This raised alarm bells for the Financial Conduct Authority (FCA). The company has now gone into administration, and they can no longer pay you any returns you are owed.
Did your advisor tell you that Hydrology PLC was a wise investment choice for you? Did they fail to explain that unregulated funds are very risky and only suitable for High Net Worth Individuals? If you were misled, you were likely mis-sold SIPP products, and you could qualify for mis-sold SIPP compensation through the Financial Services Compensation Scheme (FSCS) or Financial Ombudsman Service (FOS)..
Our claims experts are experienced with cases like yours. They will look over your case and determine if you were mis-sold SIPP pension investments into Hydrology PLC – you could recoup some of your lost money. Don’t delay any further – it’s time to find out if you’re eligible for mis-sold SIPP compensation. Apply online today for an information pack to learn more.
FSCS Hydrology PLC Claim
Hydrology PLC has been declared in default by the Financial Services Compensation Scheme. This means that the UK’s compensation scheme for failed financial services firms will pay compensation for valid mis-selling claims. Allegiant can assist you with claims to the FSCS about Hydrology PLC. Fill in our online application form to get started.
You do not need to use a claims management firm to make your claim and if your complaint is not successful you can refer it to the Financial Ombudsman Service or in the case of a failed firm, the Financial Services Compensation Scheme, for free.