THE CADNAM PLOT – LAND BANK
The Cadnam Plot, marketed by Falcon and managed by Intro Capital Limited, is a patch of land down near the New Forest that was sold to many SIPP pension investors, with the idea that the land would later be purchased off them for a greater value, giving people a big boost to their pensions.
But not everyone was told that the Cadnam plot, and indeed the whole practice of “land banking” was unregulated by the FCA, making this a High-Risk investment.
Now, Intro Capital Limited is in liquidation, and reports show that just over £1.5million was loaned out to another company within the same group, that is also in liquidation.
If you invested in The Cadnam Plot, you may ask yourself, “Do I Have A Claim?”
We know from handling Cadnam Plot related SIPP Claims, that at least one financial adviser was involved in the selling of Cadnam Plot investments, involving Intro Capital (Previously FR Land Investments) and Falcon.
We know from speaking to clients that few felt informed that the investment was high-risk, and that many were not High-Net Worth Individuals (earning over £100k+ per year) or Sophisticated Investors – the two categories of people that might be suitable for such an investment.
We’re happy to say we’ve won claims over the mis-selling of the Cadnam plot for our clients, as well as hundreds more for other high-risk investments through SIPPs.
If you want to know if you are eligible to claim, just get in touch for a free chat!