Mendelsons solicitors specialise in acting for clients who have been mis-sold pension investments and lost all their money. Most of the clients we act for have been cold called and persuaded to move their pension from a safe investment into a high risk venture without the risks properly being explained.
Their pension money is moved into a SIPP which is a Self Invested Personal Pension and then ‘invested’ into a product that fails, making the investment worthless. The mis-selling arises because the investor was given unsuitable advice, the risks were not explained and the product was not right for the investor.
One of the biggest mis-selling swindles in today’s investment markets. This scandal has provided a field day for con men. The truth is that Australian Carbon Credits were never genuine investments and were simply part of an elaborate con to take money from innocent investors.
Most investors were cold called and offered generous returns and even cash backs as incentives to make the investment.
The cold callers operated from boiler rooms or dodgy call centres engaging in high pressure sales tactics aimed at susceptible and vulnerable consumers with little or no knowledge of trading. Once bought the carbon credits are impossible to sell and are actually worthless.
If you have bought Australian Carbon Credits OR anything similar you are in a difficult position although there may be a couple of ways to get your money back.
DO I HAVE A CLAIM?
Yes, if you were given advice to invest in an unregulated investment which promised substantial returns. To establish the mis-selling element consider whether any of the following scenarios apply to you:-
We can investigate whether your SIPP or QROPS was mis-sold and if so we can act on your behalf in making a claim for compensation.
-
If any of the below do apply then you have been mis-sold an investment. Typical types of investments are set out below and we are currently acting for a large number of clients in prosecuting their claims.
You sold an investment without having properly been advised as to the risks
Your personal circumstances or attitude to risk were not properly considered
You were advised to invest all or most of your pension savings into a single investment
You are advised to transfer the pension when it was not necessary
You were sold in esoteric, high risk investment
You now understand that your investment has significantly reduced in value or is worthless
For the mis-selling to have taken place you would have moved your pension fund into a SIPP or QROPS and a regulated business such as an IFA (Independent Financial Adviser) or SIPP company would have been involved in the process.
Fortunately they are regulated by the FCA (Financial Conduct Authority) which obliges them to have professional indemnity insurance which will pay out in the event that the claim is successfully made. Whilst many of the companies that sold SIPPs are no longer trading it is still possible to make a claim for compensation via the Financial Services Compensation Scheme up to a maximum limit of £50,000 .
PROFESSIONAL SERVICE
NO WIN, NO FEE
LOW FEES
29 YEARS OF EXPERIENCE
WHY CHOOSE MENDELSONS?
If you have been mis-sold an investment or pension, please call Steven Mendelson today, on 0161 241 1661 email us at sjm@mendelsons.co.uk or complete our online enquiry form and we will call
you. We will then discuss your case with you and explain the next steps for you to take.
