Elysian Fuels was sold as an investment scheme in renewable and sustainable energy project, which included a plant based in Grimsby. It was marketed to clients as part of their SIPP by several adviser and SIPP provider firms, including James Hay and Rowanmoor.
It was reported to have taken £200m in investment, £180m of which came from SIPP investors, with a minimum investment of £50,000.
Unfortunately, because it was a high-risk and unregulated scheme, it was not suitable for some clients, who lost money they could not afford to lose when the investment was eventually reduced to a value £0.
On top of that it also attracted HMRC worries for some clients due to unpaid tax sanctions.
If you’d like to know more about investment mis-selling and how the claims process works, call 0114 266 4216 and talk to our team. Or fill in the enquiry form to arrange a call back at a time that suits you.
We will briefly assess the circumstances of your investment or pension transfer and tell you if we think you may have a case to claim compensation. It’s free and there’s no obligation to use our service.
You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Compensation Scheme, whichever is applicable to your claim.
We will not make or pursue a claim, or advise you to, if we know or have reasonable grounds to suspect that the claim does not have a good arguable basis, and or is fraudulent or frivolous.