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Were you convinced to transfer your pension assets into Verdant Australian Farmland? If so, you're probably facing significant financial loss right now. Don't worry; you're not alone, and there's still hope. We're CP Financial Claims, and we're here to guide you through this mess. Read on to find out everything you need to know.
When GAS Verdant Australian Farmland was initially introduced, it seemed like a golden opportunity. The investment, offered via GAS Global Agricultural Services, promised investors ownership of farm plots in Australia and handsome returns from the sale of crops. But today, this investment is valued at zero by the Financial Services Compensation Scheme (FSCS).
Several companies were part of promoting this failed investment. Names like GI&P Brokers, PFR Services, and TPS Land come up frequently. These firms would typically direct you to either a fully regulated Independent Financial Advisor (IFA) or a Self-Invested Personal Pension (SIPP) company. But remember, many of these "introducers" were unregulated and often based abroad, leaving investors with limited recourse.
If you invested your pension in Verdant Australian Farmland, you likely dealt with one of the following pension funds:
In addition, Archer Bramley, an IFA that went into liquidation and was de-authorised by the FCA in March 2015, was also involved in advising on these investments. Archer Bramley often arranged investments in Verdant Australian Farmland and Harlequin Property, both of which are also overseas.
The Verdant Australian Farmland debacle isn't an isolated incident. High-profile failures include Ethical Forestry's tree plantation in Costa Rica and Global Forestry's Brazilian teak plantation. These should serve as cautionary tales for anyone considering similar investments in the future.
Both IFA's and SIPP Pension Companies are regulated by the Financial Conduct Authority (FCA). They are required to follow strict regulations, including a duty of care to potential customers. In this case, both failed to inform investors adequately about the inherent risks associated with this type of non-regulated investment.
It's crucial to act quickly. Companies can reject claims if the advice was given more than six years ago. So, if you have been involved in this investment, now is the time to take action.
Why file your Verdant Australian Farmland claim today? Time is running out for many investors to make their claims. As we've mentioned earlier, the window is closing fast due to the six-year limitation. This type of high-risk, unregulated investment should have never been recommended for inexperienced investors. Therefore, your financial advisor and pension company should be held accountable.
At CP Financial Claims, we're committed to helping you navigate through the complexities of filing a claim. If you recognise your situation in any part of this article, reach out to us immediately. While we anticipate more information surfacing about these failures, don't wait to take control of your financial future.
Submit your contact details by the form below for a free, no-obligation chat.
You are not obliged to use our service. It is possible for you to present your claim for free, either to the firm, or person against whom you wish to complain, or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.
