The Los Pandos Vineyard – Martin Clews Investment looked pretty impressive – from sun-drenched marketing images of the 80 Hectare Los Pandos vineyard, to the outrageously high returns on offer – between 30 – 39%!
Available to invest in as a cash investment, or through a SIPP Self-Invested Personal Pension, marketing material found online said that Los Pandos was a supposedly “Secure” investment, linked to Martin Clews.
But some UK investors who’d put their pension into the investment weren’t always told the truth: Los Pandos is NOT regulated by the FCA, meaning there’s no help from the FSCS or Ombudsman if something goes wrong with the investment, meaning that it was already HIGH-RISK.
Did you want a high-risk investment? Suitable only for those High Net-Worth Individuals earning over £100k per year? Or Sophisticated Investors?
Few fit the description, so were you mis-sold your Los Pandos Vineyard Investment? Find out with a FREE initial assessment with a specialist.Get started now
Several financial advisers and the FSCS have been paying out compensation for having been mis-sold Los Pandos investments via SIPPs for a few years, with Spencer Churchill Claims Advice often leading the claim on a No Win – No Fee* basis.
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
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Alternative investments gave many people the idea that they were a safer, more profitable and often greener way to invest.
Because of the way the Los Pandos Vineyward was presented to many people, many people decided to plough their retirement money into it, resulting in multiple mis-sold pensions.
Like many non FCA regulated investments, Los Pandos investors often received unsolicited contact from marketing companies to drum up interest in making a pension switch to a SIPP in order to invest, giving them a chance to ‘beat their old pension’.
If you made the transfer, you may still be able to make a claim for having been mis-sold.
“[…] the value of our assets exceeding liabilities by more than 300%”
“[on last year’s update] This unfortunate situation forced us to seriously consider the possibility of entering into voluntary liquidation”
“Liquidity require to match our current financial liabilities to our investors could be achieved by trading a further portion of shares”
“[…] at this moment in time, we cannot provide an exact date for exit, which is largely controlled by the actions of third parties, but we are very confident that the first part of a multi-stage process to return funds to our investors should commence within the next few weeks!”
Los Pandos is based abroad, which means that it is NOT regulated by the FCA.
This can be a big deal, as firms that don’t have the FCA peering over their shoulder can get up to all-sorts.
That doesn’t mean that Los Pandos is a bad investment for everyone.
But it does mean that financial advisers should only be considering it to be a suitable investment for certain wealthy people with lots of investment experience: those who can understand and manage the risk, and those who can afford to take the hit if things go wrong.
If you were advised to invest in Los Pandos, speak to a claims handler at Spencer Churchill Claims Advice for a free chat – you may be able to claim!
SIPPs can be a great way to save for retirement, especially for people who want to ‘DIY’ their pension by choosing their own investments.
But they can also be used to sell unsuspecting people high-risk investments, often without them noticing until years later.
The practice was widespread with negligent advisers and greedy marketing firms over the last 15 years, and we’ve come across mis-sold SIPPs with Los Pandos in before.
Usually, the client invested in Los Pandos after receiving a cold-call and a free pension review.
As far as we know, the GAS Verdant (Australian Farmland) investment has nothing at all to do with Los Pandos, however they were often sold together.
Like Los Pandos, GAS Verdant is also a high-risk and non-FCA regulated investment.
You’re welcome to try speaking to a financial adviser or your SIPP company if you want to explore this option, but it may not be possible.
Because the investment has been/was struggling, there may be no money to withdraw, or the investment may have become illiquid like many unregulated investments.