An investment on a luxury island that promises large returns as well as the opportunity to spend time in the resort – sounds great doesn’t it? This is what many people were told when trying to decide where to invest their SIPP (Self-Invested Personal Pension). The product they were offered was called Freedom Bay.
Food is a commodity that will have a market regardless of consumer trends, economic circumstances, or the Government in Westminster. Is farmland, therefore, a good investment? More importantly, is it a good idea to invest your pension into farmland?
Ethical Forestry was an investment product that many people invested in using a SIPP (self-invested personal pension), but it went horribly wrong. Many investors who lost their money found they had been mis-sold the product in the first place. What went wrong, and what lessons can we learn?
Some important advice on how to avoid falling into the mis sold pension trap.
The sustainable energy sector is an attractive investment option to many people. Not only is it a sector that many believe will grow, there is also an ethical element to the decision, i.e. doing something that's good for the environment and contributing to making the planet better for younger generations.
SIPPs (Self-Invested Personal Pensions) allow you to select your own investments for your pension, offering greater financial freedom. However, in recent years there’s been considerable controversy surrounding SIPP providers and how they conduct their business, with many investors losing money as a result of their practices.
Diamonds are known for being expensive and sought-after gems. It is understandable, therefore, that some people invest in them when given the opportunity. After all, from a layman’s point of view, diamonds are consistently expensive and consistently sought-after. This must make them a potentially lucrative investment, right?
Active Wealth is a now-collapsed financial advisory firm. It was caught up in the British Steel Pension Scheme mis-selling scandal. In addition, the Financial Services Compensation Scheme (FSCS) has had to pay over £350k in compensation to Active Wealth's clients.
Read about how to safeguard yourself from bad and risky pension investment advice. Discover how to avoid high-risk pension investment schemes by being well-informed about the pitfalls involved.
Carbon credits are a good option for the right kind of investor, but the vast majority of pension holders should not be thinking about putting money into them. Unfortunately, this is a fact that many customers who invested their pensions into carbon credits have found out to their cost.
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After sending a report to Santander, they agreed with our findings and awarded Mr Snowden an amount of £7,000 made up from a refund of the losses together with interest and compensation.
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We reported our findings to Halifax and within a matter of weeks had secured our client the sum of £26,700 in compensation.
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Having investigated the complaint Lloyds TSB agreed that the advice was unsuitable and agreed to pay the clients £10,000.
