Alhaurin Wealth Planning was a Spain based Introducer company created by Terence Wright.
Not regulated by the FCA to give financial advice, Alhaurin Wealth Planning still managed to persuade many UK investors they’d be better off if they transferred their pensions into high-risk investments by way of SIPPs.
GAS Verdant was one of these investments, involving the purchase of plots of Australian farm land with the intent to make money from the crops grown on it.
Unfortunately, it failed to deliver on the high returns promised to clients and was given a zero value by the FSCS.
However, these clients were not suitable for such schemes and as such jeopardised thousands of pounds of pension funds.
Terence Wright has had an FSA warning against his name since 2010, advising firms to avoid doing business with him and that he may be “providing financial services or products in the UK without our authorisation.”
Other companies reportedly connected to Terence Wright include CL&P Brokers, PFR Services (Planning For retirement) and Cash In My Pension.
PFR Services (Planning For Retirement) also operating from Spain and was heavily involved in promoting Los Pandos (Swiss Capita) another unregulated and high-risk investment.
Stadia Trustees, Guardian GPC Ltd and Lifetime SIPP companies had Los Pandos in their SIPPS.
If you want to know more about making a mis-sold claim – get in touch!
We offer a free initial consultation to help you check if you have a case.
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.
See what our clients have to say about our service on Trustpilot.
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 Services Compensation Scheme, whichever is applicable to your claim.