If you have invested in Carbon Credits at the recommendation of your Financial Advisor, you may have a claim.
Carbon Credits came into being in the late 90’s, and you will have seen many high-profile people talking them up.
Carbon Credits were a generous way of helping companies with high carbon emissions (think airlines, manufacturing, non-green power etc) reduce their Carbon Footprint by allowing them to purchase Carbon Credits from other, ‘greener’ companies who weren’t using theirs.
Any ‘spare’ credits were snapped up by investors and sold on to many thousands of people in the UK as part of a Self-Invested Personal Pension aka SIPP.
As these investments were un-regulated, upon their inevitable collapse all of these investors lost millions. The worst part, was that these Investors should never have been advised to invest in such a risky product in the first place. Some Financial Advisors put their own needs above their clients and failed to conduct sufficient checks to make sure they were comfortable with the risk.
If you have transferred your Pension, or part of it, into Carbon Credits, give us a call today on 0330 113 5150 to see if we can help.
Was I Mis-Sold?
Each case is different, however as a rule of thumb, if your Financial Advisor did not take appropriate steps to make sure that you were prepared to accept the risks associated with each of the investments, and that you could be classified as a ‘Sophisticated Investor’, then it is likely you have a claim.
Give one of our Claim Specialists a call today on 0330 113 5150 to see if we can help.