Los Pandos Martin Clews Claims
The Los Pandos Vineyard – Martin Clews Investment looked pretty impressive – from sun-drenched marketing images of the 80 Hectare Los Pandos vineyard, to the outrageously high returns on offer – between 30 – 39%!
Available to invest in as a cash investment, or through a SIPP Self-Invested Personal Pension, marketing material found online said that Los Pandos was a supposedly “Secure” investment, linked to Martin Clews.
But some UK investors who’d put their pension into the investment weren’t always told the truth: Los Pandos is NOT regulated by the FCA, meaning there’s no help from the FSCS or Ombudsman if something goes wrong with the investment, meaning that it was already HIGH-RISK.
Did you want a high-risk investment? Suitable only for those High Net-Worth Individuals earning over £100k per year? Or Sophisticated Investors?
Few fit the description, so were you mis-sold your Los Pandos Vineyard Investment? Find out with a FREE initial assessment with a specialist.
Get started nowCan you claim for Los Pandos mis-selling compensation?
Several financial advisers and the FSCS have been paying out compensation for having been mis-sold Los Pandos investments via SIPPs for a few years, with Get Claims Advice often leading the claim.
If you:
- Transferred your pension to a SIPP or SSAS
- Invested in Los Pandos or other high-risk investments
- Aren’t earning over £100k per year
- Aren’t a Sophisticated Investor
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
Los Pandos Vineyard Investments
Alternative investments gave many people the idea that they were a safer, more profitable and often greener way to invest.
Because of the way the Los Pandos Vineyward was presented to many people, many people decided to plough their retirement money into it, resulting in multiple mis-sold pensions.
Like many non FCA regulated investments, Los Pandos investors often received unsolicited contact from marketing companies to drum up interest in making a pension switch to a SIPP in order to invest, giving them a chance to ‘beat their old pension’.
If you made the transfer, you may still be able to make a claim for having been mis-sold.
Los Pandos timeline of events
2014 - Restructuring Martin Clews
The Investment “entered 2014 in a great deal of uncertainty caused by the over dependence of our business model on the UK SIPP market that became subject to abrupt and unforeseen restrictions by the Financial Conduct Authority (FCA which are still in force today”.“[…] banks and other financial institutions have been very unwilling to advance credit to even the most robust of commercial projects such as Los Pandos”
2015 - Los Pandos Progress Report
“[…] the value of our assets exceeding liabilities by more than 300%”
“[on last year’s update] This unfortunate situation forced us to seriously consider the possibility of entering into voluntary liquidation”
“Liquidity require to match our current financial liabilities to our investors could be achieved by trading a further portion of shares”
“[…] at this moment in time, we cannot provide an exact date for exit, which is largely controlled by the actions of third parties, but we are very confident that the first part of a multi-stage process to return funds to our investors should commence within the next few weeks!”
2016 - Construction Group For Asia
“[…] a very large international construction group from Asia has already provided a Letter of Intention regarding the acquisition of equity in the Project.”“We are ready to propose a realistic scenario for reimbursement of investments to those of you who have been temporarily postponed” – despite being told it would just be “weeks” in 2015?“We will take this opportunity to identify and discuss several false and unjustified rumours about the project. […] Please note that those rumours come from a very small group of individuals who have been more interested in hindering progress and consequently delaying the resolution for themselves”In a further update later in 2016:“We wish to emphasise once again that it is our intention to adhere to our original proposed schedule as depicted in the March 16th update to our SIPP investors, when we indicated the deadline to instigate the repayment process would commence in the final quarter of 2016”
2017 - Shortage of Financial Resources
Feb: “In preparation for the reimbursement process, we need to update our files accordingly and so you will be contact either directly or through your financial representative for this information over the next few weeks”June: Further requests for ID, addresses and bank details of investors.Sept: In response to the question “Why have you been unable to return my investment as previously state on more occasions?”“For the reasons explained above the rhythms in the progress of this huge Project do not occur randomly or coinciding neither with our will. […] continuous instability of financial markets […] failure or delay in obtaining loans […] shortage of financial resources […]”
We’ve made successful claims over Los Pandos investments before
Click the button below to see an example of a Get Claims Advice claim against a mis-sold SIPP
See example claimLos Pandos Related Claims
Elysian Fuels FAQ's
How do I know if I was mis-sold a Los Pandos Investment?
Los Pandos is based abroad, which means that it is NOT regulated by the FCA.
This can be a big deal, as firms that don’t have the FCA peering over their shoulder can get up to all-sorts.
That doesn’t mean that Los Pandos is a bad investment for everyone.
But it does mean that financial advisers should only be considering it to be a suitable investment for certain wealthy people with lots of investment experience: those who can understand and manage the risk, and those who can afford to take the hit if things go wrong.
If you were advised to invest in Los Pandos, speak to a claims handler at Get Claims Advice for a free chat – you may be able to claim!
Why a SIPP claim?
SIPPs can be a great way to save for retirement, especially for people who want to ‘DIY’ their pension by choosing their own investments.
But they can also be used to sell unsuspecting people high-risk investments, often without them noticing until years later.
The practice was widespread with negligent advisers and greedy marketing firms over the last 15 years, and we’ve come across mis-sold SIPPs with Los Pandos in before.
Usually, the client invested in Los Pandos after receiving a cold-call and a free pension review.
What is Gas Verdant?
As far as we know, the GAS Verdant (Australian Farmland) investment has nothing at all to do with Los Pandos, however they were often sold together.
Like Los Pandos, GAS Verdant is also a high-risk and non-FCA regulated investment.
Can't I just withdraw my Los Pandos investment?
You’re welcome to try speaking to a financial adviser or your SIPP company if you want to explore this option, but it may not be possible.
Because the investment has been/was struggling, there may be no money to withdraw, or the investment may have become illiquid like many unregulated investments.