Mis-Sold Cadnam Plot Claims Guide
The Cadnam Plot, marketed by Falcon and managed by Intro Capital Limited, is a patch of land down near the New Forest that was sold to many SIPP pension investors, with the idea that the land would later be purchased off them for a greater value, giving people a big boost to their pensions.
But not everyone was told that the Cadnam plot, and indeed the whole practice of “land banking” was unregulated by the FCA, making this a High-Risk investment.
Now, Intro Capital Limited is in liquidation, and reports show that just over £1.5million was loaned out to another company within the same group, that is also in liquidation.
If you invested in The Cadnam Plot, you may ask yourself, “Do I Have A Claim?”
The team know from having experience handling Cadnam Plot related SIPP Claims, that at least one financial adviser was involved in the selling of Cadnam Plot investments, involving Intro Capital (Previously FR Land Investments) and Falcon.
The team know that few felt informed that the investment was high-risk, and that many were not High-Net Worth Individuals (earning over £100k+ per year) or Sophisticated Investors – the two categories of people that might be suitable for such an investment.
If you want to know if you are eligible to claim, just get in touch for a free chat!
Get started nowCan you claim for Cadnam Plot mis-selling compensation?
Several financial advisers and the FSCS have been paying out compensation for having been mis-sold investments just like the Cadnam Plot via SIPPs and SSASs for a few years, with Spencer Churchill Claims Advice often leading the claim on a No Win – No Fee* basis.
If you:
- Transferred your pension to a SIPP
- Invested in the Cadnam Plot or other high-risk investments
- Aren’t earning over £100k per year
- Aren’t a Sophisticated Investor
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
Receive a free call-back from a specialist to get started
Are claims about the Cadnam Plot successful?
While no claim is 100% guaranteed, if a strong case for financial negligence on the part of a financial adviser or SIPP provider relating to the Cadnam Plot can be built and evidence, the claim has a good of a chance as any other!
The team have experience claiming back over money from mis-sold pensions on behalf of our clients, including from mis-sold pension cases that centred around advice to invest in the Cadnam Plot.
Get started nowCadnam Plot Related Claims
Cadnam Mis-selling Compensation FAQ's
How do land banks like the Cadnam Plot work?
In theory, Land Banks work like any other property investment.
Usually, an analysis of land in the area shows that ongoing or potential commercial or residential construction in the area seems likely, meaning it could be that the price of land in the area may increase over the next few years.
Land Banking is the practice of buying up land that is suspected to rise in value at a lower price, to sell it later at a higher price.
While this practice may be done personally, in other cases Land Banking Schemes may be created where multiple people invest in the last in order to purchase it. Some of the money may be used to then market the land to potential buyers.
What can go wrong with land-banking schemes?
Land-Banking is considered to be a high-risk investment. Not regulated by the FCA, the regulator is not usually looking over the shoulder of land-banking schemes.
More practically, the land may not increase in value like it was expected to due to changes in the economy, a particular industry or the political landscape.
In other cases, the land may turn out to be protected due to wildlife concerns or via local petition, or may turn out to be polluted making it unsuitable for certain projects.
Sometimes, these land banking schemes have turned out to be scams, with multiple people purchasing ownership of the same strip of land over and over again.