Venture Oils investments SIPP claims guide
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The Venture Oils investment was advertised to investors as “SIPP Approved”, and offered to huge targeted returns – as high as 30% in some cases!
But depending on who was doing the selling and giving the financial advice, it wasn’t always advertised as what it was: a High Risk investment, not regulated by the watchdogs at the Financial Conduct Authority.
In March 2017, Glenmuir Investments Ltd wrote to some SIPP investors in Venture Oils to say they had been informed of “operational Issues”.
It continued…”We know this communication is not what you wanted to hear but in light of past events of non-performance we now have to take a more formal stance and follow a process that will hopefully lead to a conclusion where all parties receive what they are due”.
Can you claim for Venture Oils mis-selling compensation?
Several financial advisers and the FSCS have been paying out compensation for the mis-selling of Venture Oils investments and others 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 Venture Oils 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.
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Mis-sold Venture Oils SIPPs
Venture Oils was a high-risk investment, don’t let anybody tell you otherwise.
It is high-risk because it is NOT regulated by the financial services watchdogs at the FCA, which has connotations about access to the FSCS if things go wrong.
Financial advisers should know this – that’s why many of us choose to speak with a financial adviser to get an insight about the most suitable thing to do with our pensions.
But many financial advisers get it wrong, advising people to invest in high-risk investments through SIPPs when they aren’t suitable and are often unaware of the risk they represent.
Venture Oils is one such investment that was mis-sold to many people, and it may have cost them their retirement.
Find out if you can make a retirement-saving claim on a No Win – No Fee* basis with the team at Spencer Churchill Claims Advice.
Venture Oils 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?
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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