The Venture Oils investment was advertised to investors as “SIPP Approved”, and offered to huge targeted returns – as high as 30% in some cases!
But depending on who was doing the selling and giving the financial advice, it wasn’t always advertised as what it was: a High Risk investment, not regulated by the watchdogs at the Financial Conduct Authority.
In March 2017, Glenmuir Investments Ltd wrote to some SIPP investors in Venture Oils to say they had been informed of “operational Issues”.
It continued…”We know this communication is not what you wanted to hear but in light of past events of non-performance we now have to take a more formal stance and follow a process that will hopefully lead to a conclusion where all parties receive what they are due”.
Did you know, we’ve made successful claims over high-risk investments before?
If you needed any more reason to choose us to take forward your claim, we’ve seen success in the past with similar SIPP claims