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Elysian Fuels Claims Guide

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Elysian Fuels – a scheme to create bio-ethanol (cheap, more sustainable fuel) in a Grimsby-based plant began life in 2010. Advertised by a number of different Financial Advisers as a good SIPP (Self Invested Personal pension) investment, it took £200 million from investors, around £180m from SIPPs.

But the fact is, Elysian Fuels in UNREGULATED by the FCA, making it a HIGH RISK investment – not suitable for everyone, and it was the job of those financial advisers to make sure YOUR money was going somewhere suitable for you!

Marketed by Future Capital Partners, the value of the shares in Elysian Fuels from £1 each, to £nil – making the investment effectively worthless while this value held…

If you invested in Elysian Fuels as part of a new pension arrangement then you may have been mis-sold and could be able to make a claim.

Can You Claim For Elysian Fuels Mis-Selling Compensation?

Several financial advisers and the FSCS have been paying out compensation for having been mis-sold Elysian Fuels investments 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 or SSAS
  • Invested in Elsyian Fuels 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.

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Elysian Fuels Tax Implications

While Elysian Fuels offered investors x10 their investment in returns, it was suspended from the Channel Islands Stock Exchange in September 2013, and later de-listed.

As late as 2015, the HMRC was said to have been considering a 55% tax charge to “investors who sold their Elysican Fuels Shares to their pension” – Yikes!

In April 2017, SIPP Provider James Hay (which many clients used to invest in Elysian Fuels) received “assessment notices” from HMRC for a total of £1.8m, all related to Elysian Fuels!

Elysian Fuels Timeline Of Events

  • Elysian Fuels Formed


    Elysian Fuels 1 LLP was formed on the 11 Jan 2010, and many other funds

  • Stock Exchange Suspension


    Elysian Fuels was suspended from the Channel Islands Stock Exchange in 2013.

  • Tax Issues


    Due to the way in which Elysian Fuels was structured, some investors started to look like they may be in trouble with the tax man, as HMRC announced they were considering a 55% tax charge.

  • Valued At Nothing


    2015 also saw Elysian Fuels shares reduced to £nil – investors had officially lost their money.

  • James Hay


    James Hay announced that they had considerable exposure to the investment – around £1.8m

  • Future Capital Partners


    In September 2018, Future Capital Partners entered into Insolvency Proceedings, resulting in a Creditor’s Voluntary Liquidation.

  • Media Wakes Up


    The pension mis-selling scandal doesn’t just involve Elysian Fuels, but plenty of other big investments that given the size of the scandal, the media doesn’t tend to pick up on.
    The Times did however give Elysian Fuels an honourable mention in their May 2019 article “People’s lives have been ruined by these pension schemes”

Elysian Fuels Related Claims

Elysian Fuels FAQ’s

How Do I Know If I Was Mis-Sold A Elysian Fuels Investment?

Elysian Fuels was always a high-risk investment and should never have been suggested to many of the people who ended up invested.

Unregulated investments MAY have been considered suitable for people who are earning over £100k per year, or people who have a wealth of knowledge and experience about investing.

If not, the advice may well have been unsuitable, and it could be that a claim is possible.

So Elysian Fuels Was Always High-Risk?

Yup! It’s part of an unregulated industry, which means the FCA isn’t looking over it’s shoulder. If you took financial advice to invest in it, you adviser should have known this, made you aware of it, and checked it was suitable for you.

If not, it could be time to make a claim.

What Happens With My Tax?

Tax is a complex topic, but how you may or may not be taxed with Elysian Fuels depends on your circumstances and what you did with your Elysian Fuels investment.

How Can I Make A Claim For Elysian Fuels

Whether or not you can make a claim over an Elysian Fuels investment all depends on how you invested and what advice you received.

Several Financial Advisers have been held accountable for negligent advice to invest in Elysian Fuels via SIPPs, and SIPP Provider James Hay has made headlines about it several times.

Make use of the knowledge and experience of the team at Spencer Churchill Claims Advice with a FREE initial assessment – a no-obligation chat with a specialist who may be able to help you work out if you can claim.

Do you know how people complained about mis-sold investments and pensions in the last year?

A lot. Over twenty thousand complaints were made about mis-sold pensions and investments in 2020/21, a figure which had doubled since the year before.. It’s no secret how serious this problem is, and it just seems to keep getting worse.

People receive poor financial advice every day. Sometimes they don’t even realise that they’re owed whopping amounts of compensation.
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Have You Been A Victim Of Financial Mis-Selling?

Answer a few questions and find out if you have good grounds to make a financial compensation claim:

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Were you told to invest all, or most, of your savings into a single product?

Reaching out for help is never easy,
especially if you’ve been misled in the past.

But getting in touch with us won’t commit you to anything. We want to toss you a lifeboat and guide you through the choppy waters of the financial ocean, not leave you struggling to stay afloat. Our experts are here to offer advice and support on financial claims. We know what we’re doing and you can trust that if you’ve got questions, we’ve got answers.

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Speak to an expert today

We have decades of experience in helping people claim back money that is rightfully theirs. Whether you want to make a mis-sold pension claim, have questions about a mis-sold investment, or you’re just looking for some advice you can trust – we’ve got you covered. Reach out to our team today for a no-obligation, completely free chat. 

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