COLONIAL CAPITAL CLAIMS
Set up in 2011 and incorporated in 2014, Colonial Capital Group Plc was to “take advantage” of dislocation in the US housing market in areas such as Chicago, and was offering investors in Colonial Capital Group 3 year bonds 12% interest and 100% of the investment funds back when redeemed.
But like so many other “SIPP approved”, HIGH RISK Overseas Property Schemes, Colonial Capital Group doesn’t look set to deliver on those promises to investors, as it is now in liquidation, leaving some investors with doubts over the future of their Colonial Capital investments, and in some cases, their retirements.
Self-Invested Personal Pensions can be a great vehicle for investments and a good source on income in retirement, but not if your investments are unsuitable for you.
Overseas property investments like Colonial Capital Group are classed as non-standard assets, and are therefore HIGH-RISK, meaning if you’re not a High-Net-Worth Individual, or a Sophisticated Investor, your financial adviser may have given you negligent advice to invest in it, putting YOUR money at risk, and you may be able to make a claim!
If you’ve lost money through a cash, SIPP or SSAS investment into Colonial Capital Group, we’d love to hear from you, and can run through a FREE initial assessment to see if we can rescue your pension!