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 Your 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!
Unregulated Introducers like Alhaurin Wealth fall outside of the FCA’s jurisdiction, but you could have a case against your Adviser or provider.
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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.
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