Avalon Investment Services Limited (aka Avalon SIPP)
Avalon Investment Services Ltd Compensation Claims Guide
Avalon Investment Services Ltd, also known as Avalon SIPP, based in Tetbury, Gloucestershire, has now ceased trading due to hundreds of complaints about its investment practices, particularly relating to pension products, and the compensation claims made against it for mis sold pensions.
The company was placed into Special Administration in February 2016 and then dissolved in 2018. In January 2020, the Financial Services Compensation Scheme (FSCS) declared Avalon ‘in default’ meaning investors could seek compensation.
Avalon clients were recklessly advised to transfer their pensions into the Avalon Self-Invested Personal Pension Scheme (SIPP). The pension funds were then placed in high-risk, unregulated investments. Some of these investments became ‘illiquid’, meaning they can’t be sold or traded.
The FSCS has decided Avalon did not do due diligence and has paid out millions of pounds to investors because of the bad investment advice that they received from Avalon Investment Services Ltd, Avalon SIPP, and similar such companies.
You could be entitled to compensation from the FSCS
If you had Avalon handle your pension transfer or SIPP investments, you may be entitled to compensation.
It is not too late to make a claim for a mis-sold pension transfer. We can help you make a claim and get some money back from that FSCS money pot. Because that’s what it’s there for. Ordinary men and women just like you.
What did Avalon Investment Services Ltd do wrong?
Avalon Investment Services recklessly advised hundreds of ordinary men and women (not knowledgeable or super-wealthy investors) to transfer their pension funds into SIPPs. These ‘unsophisticated’ investors were hard-working tax-payers, people the least able to afford to lose their pension pots.
Good, hard-working people were persuaded to transfer their pensions to Avalon SIPP, a risky Self-Invested Personal Pension Scheme. The pension funds were then ploughed into high-risk and unregulated investments, including HJ Commercial Plc, HJ Residential Plc, HJ SME Plc, and Ukrainian Property Fund. None of these were good choices for ordinary investors looking to grow their pension pots.
Avalon failed to warn investors of the high risks involved and failed in its diligence.
Can I Make an Avalon Investment Services Ltd Claim?
You could be entitled to compensation if Avalon Investment Services Ltd got you to transfer your person to a SIPP or make another type of high-risk investment.
The FSCS has already paid out millions in compensation for Avalon and similar firm’s mis-selling of investments via SIPPs.
If you are entitled to make a claim under the scheme, you should do so. If you are one of the many ordinary people who received negligent financial advice from Avalon, you should act now.
Avalon Should Have Warned People SIPP Pensions Were High Risk
The FCA has said ordinary investors – those with limited knowledge about financial services and investments – should have been given very clear and simple-to-understand information about their investments along with warnings where relevant and Avalon did not do this.
High-risk investments must always come with proper warnings. If Avalon Financial Services Ltd advised you to transfer to a SIPP then you may have a claim and we can help you get compensation.
See how much compensation you could get from the FSCS
Contact us today and see how much compensation you could be entitled to.
You can get a free initial check to see if Avalon mis-sold to you. Have a chat with a member of our friendly, trained team who can quickly assess whether you have a claim.
This check will not put you under any obligation to use our service.
Knowledge is power! Find out today about making a claim against Avalon Financial Services Ltd.