Why is Los Pandos unsuitable for SIPP investors like you?
Were you promised returns of up to 39% within just two years? The Los Pandos vineyard investment might have seemed like an opportunity too good to pass up, but the truth is the investment opportunity is not suitable for pension investors.
Los Pandos was not regulated (or covered) by the Financial Conduct Authority (FCA). On top of this, as it was a high-risk investment, Los Pandos vineyard should only have been offered to experienced investors – not those looking to invest their pension.
Understanding mis-sold SIPPS like Los Pandos
SIPPs are a type of personal pension that acts allow you to hold multiple investments and products. This means you can grow your pension fund through these investments.
However, as employers do not make contributions towards SIPPs, many people lost much of their pension fund as a result of poor advice or corrupt advisers, especially in the Los Pandos SIPPs pension.
Furthermore, SIPPs normally attract high fees due to the flexibility and earning potential for investors.
Find out if you were mis-sold a self invested personal pension (SIPP) like Los Pandos
If you’re not sure whether you were mis-sold your Los Pandos investment or another similar investment, we’ve outlined what counts as a mis-sold investment to help you get started.
SIPPs are considered riskier than other types of savings as they rely on the success of where the money is invested. Particularly risky investments like Los Pandos also included overseas investments, most environmental related investments and certain types of property. Sadly, SIPPs like Los Pandos were widely mis-sold, and a great number of people have lost much of their hard-earned savings as a result.
In light of the SIPPs mis-selling scandal, the Financial Services Compensation Scheme (FSCS) have set aside £100 million to pay for compensation costs, where complaints are made about mis-selling.
We can help you claim for your mis-sold Los Pandos investment SIPP
Contact us today to get started with your Los Pandos claim. We have a specialist team who can help and support you in making SIPPs claims, and always fight to ensure that our clients get the best representation, and receive the justice that they deserve. When you decide you make your claim with us, we will contact your SIPP provider on your behalf. We will put forward your case, explaining clearly how you have been mis-sold.