Green Oil Plantations Ltd SIPP claims guide
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Green Oil Plantations was a UK based investment set up to fund Australian Mellettia tree plantations, with the idea of harvesting oil from these trees to produce bio-fuel and other agricultural products for profit.
But if you’re a Green Oil Plantations investor, you probably know all that… instead, you’re probably asking “what the didgeridoo happened to my money?!”
Well, although £24million was invested in Green Oil Plantations, we know from the liquidator’s and administrators documents that £3.5m was paid in commission to sales agents who introduced investors to the scheme – that works out at around 15% commission per sale – do you know how much YOUR introducer was paid?
The reports also say that…
“By the end of March 2013 the limited funds left in the companies were insufficient to fund the plantation
to the point of first harvest and to meet the contractual investor returns.
As a consequence, the directors concluded that the companies were insolvent.”
Many have already made mis-sold pension claims for having received negligent advice to invest in Green Oil Plantations Ltd, with many successful outcomes. Find out if you can do the same with a Free Initial Assessment with Spencer Churchill Claims Advice.
Can you claim for Green Oil Plantations mis-selling compensation?
Several financial advisers and the FSCS have been paying out compensation for the mis-selling of Green Oil Plantations 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
- Invested in Green Oil 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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We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.
We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.
Green Oil Plantations and SIPPs?
Many of the people who invested in Green Oil Plantations Ltd did so through a Self-Invested Personal Pension, or SIPP after receiving a cold-call from a marketing company, and often after financial advice regarding the pension move.
SIPPs allow a greater range of investments than many other types of personal pension, but the flip-side is that this can include high-risk investments like Green Oil.
Investments like these may be fine for experienced investors who understand and can manage the risks associated with it, and/or people who have the money to afford those risks.
The problems begin when people who aren’t suitable for such a high-risk investment are advised to bet their retirement on them, and it’s usually the fault of a financial adviser for telling them to do so.
That’s where claims come in. If you invested in Green Oil Plantations Ltd through a SIPP pension, you may be able to make a claim for negligent financial advice.
Have a chat with one of the experienced case assessors at Spencer Churchill Claims Advice to see if you can proceed on a No Win – No Fee* basis.
Green Oil Plantations timeline of events
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Beginnings
2010
Green Oil Plantations forms, later to operate through 2 companies: GOPL and GOPAL, and the Australian side: Green Oil Plantations Holdings Pty Ltd (GOPH).
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SIPPs
2010-2013
Between 2010 and 2013, the UK side marketing the investment via several marketing firms and Financial Advisers to move money into SIPP pensions so the investments could be made.
£24m was raised in total.
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Administration
2013
The firm went into Administration, and then liquidation. As per the available documentation, no money was generated from the Millettia plantation by this time. Minimal funds were acquired from farm building rental.
By March, the company was insolvent.
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Green Oil claims
2019
Many investors continue to investigate and make claims against financial advisers who unsuitably paired them with Green Oil, while others appear to have SIPP Providers in their sights.
Green Oil related claims
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.
Have you been a victim of financial mis-selling?
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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Spencer Churchill Claims Advice will:
- Speak to you in plain English
- Provide you with a dedicated claims specialist
- Pay attention to the small details of your case
- Keep you up to date with the status of your claim
- Make sure you understand our charges
- Do absolutely everything we can to win your claim
How does our claims process work?
With millions of mis-sold pensions reported, it’s worth finding out if you can get your money back. Here’s how our simple process works:
What types of claims do we handle?
Find out how much you could claim today
Ready to take the next step? We’re here with clear, no-pressure advice. Give us a call today to find out if you have a valid claim
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