Global Forestry Investment Ltd

Global Forestry Limited was an investment in two Teak tree plantations in Brazil, known as Belem Sky and Para Sky. This was marketed by GFI Consultants Ltd as an ethical and sustainable investment, in which investors purchased plots of land starting from £5K with promised returns of at least 10% per annum.

In 2013 the company was placed into compulsory liquidation. Investigators working for the Insolvency Service reportedly found that despite collecting £24m in investments, Global Forestry Investment Ltd had only paid out £710K to investors.

In 2015 the Serious Fraud Office started an investigation into alleged fraud and misconduct which resulted in the arrest of the former directors – Junie Bowers and Andrew Skeene.

Unsuitable

These types of investments are not only high risk, but also unregulated meaning no protection for investors should things go wrong. It’s usually only people who understand the risks and the potential losses, that are suitable for this type of investment.

Many people became invested in Global Forestry as part of their SIPP pension, often on the recommendation from a financial adviser.

What is mis-selling?

Mis-selling, in respect of pensions and investments, is largely based on suitability and due diligence. The financial product being recommended must be suitable for the customer. This is based on factors such as attitude to risk, understanding of how the product works, as well as the investment itself.

All UK regulated companies, such as Advisers and Pension Providers, are subject to strict guidelines and rules.  If they don’t stick to them, not only could they be exposing their clients to unsuitable risk, but this may be mis-selling.

If you’ve been mis-sold you may be able to get compensation. Call 0114 2664216 to find out more.

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Important Information!

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.