If you have a SIPP with an investment for GAS verdant you may want to check if you should be claiming compensation for mis-selling

GAS Verdant – Global Agricultural Services Ltd –  was an investment opportunity to purchase plots of Australian farm land and make money from the crops grown. Unfortunately, it failed to deliver on the promised high returns and in some cases the FSCS has given a zero value on the investment.

Unsuitable for the Average Investor

As with all overseas agricultural investments it was considered high risk and unregulated. This means the FCA has no jurisdiction and therefore no safety net for investors in the event of problems.

Even though high-risk investments are generally considered unsuitable for the average investor GAS Verdant was marketed to investors by several unregulated introducer companies. These include CL&P Brokers and TPS Land.

Financial Advisers and mis-selling

People were also advised by regulated Financial Advisers to invest in GAS Verdant as part of their SIPP personal pension.

Financial Advisers have a duty to properly assess your circumstances and attitude to risk and ensure any recommendations they make are in line with this. However, some failed their clients, either through neglect or greed. As a result clients ended up invested in this venture regardless of the fact it was unsuitable and they could not afford the losses.

Want a free expert check to see if you’ve been mis-sold?

Whilst each case is individual, as mis-selling specialists we know to look for certain signs that in our experience indicate that mis-selling may have happened.

Our assessment is free and there’s absolutely no obligation to use our service if you have case.