Global Plantations Limited SIPP Claims Guide
Like other forestry investments based in far-off countries, Global Plantations Limited investments were always a HIGH RISK, non-standard asset, and if sold to the wrong investor who doesn’t have the capacity for loss or the “sophisticated investor” experience to manage their pension properly, it could negatively effect their retirement plans.
Non-Standards Assets are often high-risk, and as of June 2017, Global Plantations Limited has entered into insolvency proceedings. Many investors were advised to invest their newly transferred SIPP Pensions, and had hung their retirement dreams on Global Plantations becoming a success.
Especially now that Global Plantations in in Liquidation.
But Independent Financial Advisers sometimes get things wrong, sometimes drastically, and if YOU invested in Global Plantations Limited’s forestry investments in Malaysia and Bali, you may be eligible to make a claim with no upfront costs!
We’re here to help you do just that…
Please note: No Win – No Fee*: Successful claims made through Spencer Churchill Claims Advice are subject to the Success Fee, charged as per your terms of business and engagement letter of any monies awarded to the claim. Clients have a 14 day “Cooling-Off” period during which time they may cancel at any time without charge. After this time, cancellation will result in the application of the Cancellation Fee.
*Figures calculated before deduction of Success Fee and taxes
Can you claim for Global Plantations mis-selling compensation?
Several financial advisers and the FSCS have been paying out compensation for the mis-selling of Global Plantations investments via SIPPs and SSASs for a few years, with Spencer Churchill Claims Advice often leading the claim.
If you:
- Transferred your pension to a SIPP
- Invested in Global Plantations 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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Global Plantations and Cherish Wealth
Although many financial advisers may have had a negligent hand in advising people invest in Global Plantations, at least one firm went into liquidation for widely mis-selling SIPP pension investment, including Global.
Cherish Wealth Management is known to have advised on transfers to SIPPs that went on to invest in Global Plantations, as well as several other similar high-risk schemes.
It was also the focal point of an investigation into pension mis-selling, although Global Plantations did not feature.
Global Plantations timeline of events
2010 - Global Plantations formed
2016 - Cherish Liquidates
Cherish Wealth Management – a firm known to have advised on Global Plantations investments through SIPP pensions, goes into Liquidation.
2017 - Global Liquidation
Finally, Global Plantations received a court order to Wind Up, and entered into Liquidation.
