Investments that offer high returns are often attractive. Environmentally sustainable investments are also attractive. It is not surprising, therefore, that so many people invested their hard-earned money in Green Oil Plantations.
Green Oil Plantations went into liquidation, though, leaving those investors out of pocket. What’s more, Green Oil Plantations was an unregulated and high-risk investment. This means it was not an investment that was suitable for retail investors.
Despite this, many retail investors did invest, including those who did so using a SIPP, i.e. using their pension fund.
Did you lose money on a Green Oil Plantations Pension?
We Can Help You Claim for Losses Made on Green Oil Plantations Pension
As Green Oil Plantations was not suitable for retail investors, mis-selling is likely to have taken place. Our expert advisors can assess if this applies to you and then help you make a claim. Simply enter your contact phone number on the form on this page and we will call you back to discuss your circumstances and your options.
Why Did You Lose Money on Your Green Oil Plantations Investment?
Green Oil Plantations was an investment that funded tree plantations in Australia. The trees were Milletia trees which produce oil that can be turned into a biofuel. This fuel can then be used in agricultural machinery.
The idea was to plant and manage the trees, harvest them after two years, then extract and sell the oil for a profit.
In total, investors put about £24 million into the scheme. The salespeople who sold the investment got a whopping 15 percent of that.
Over 1,100 people invested in Green Oil Plantations with many of them doing so via a SIPP.
The company went bust, though, leaving no money to get the plantation to the first harvest. That meant no profit which, in turn, means no return for investors. They lost their money.
If you lost yours, you should get in touch today to discuss the possibility of making a claim.