GAS Verdant – Global Agricultural Services Ltd was an investment opportunity to purchase plots of Australian farm land and make money on the crops grown on the land. Unfortunately, it failed to deliver on the promised high returns and in some cases the FSCS has given a zero value on the investment.
As with all overseas agricultural investments – it was considered high risk and unregulated – meaning 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, which include CL&P Brokers and TPS Land.
People were also advised by regulated Financial Advisers to invest 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 and people ended up invested in this venture regardless of the fact they could not afford the losses.
If you have concerns about your investment advice or SIPP talk to one of our experienced team today and find out if you may have a case to claim compensation. Call 0114 2664216 or fill in the enquiry form to arrange a free assessment chat – no obligation.
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.