Greyfriars Asset Management Land Banking Scam: Empty Promises
Understanding the Greyfriars Land Banking Scam
Greyfriars Asset Management promoted high-risk land banking investments to unsuspecting investors, often through mis-sold pension claims. Many were advised to transfer their final salary pension or SIPP transfer UK schemes into these speculative ventures, which ultimately failed to deliver promised returns.
If you were affected, you may qualify for a free pension consultation to explore your options.
Risks of Final Salary Pension Transfers
Transferring a guaranteed final salary transfer into unregulated land banking schemes was often unsuitable for investors. Greyfriars Asset Management downplayed critical risks, including:
- Loss of secure retirement income
- Exposure to high-risk, illiquid assets
- Potential total loss of capital
How Land Banking Schemes Were Mis-Sold
Many investors were misled by Greyfriars’ aggressive sales tactics. Common signs of pension mis-selling include:
- Pressure to transfer pensions quickly
- Promises of unrealistic returns
- Failure to explain risks clearly
A professional claims review can determine if your case qualifies for compensation.
Identifying Mis-Sold SIPPs
Self-Invested Personal Pensions (SIPPs) were frequently used to facilitate these risky transfers. Red flags include:
- Advised to move funds without proper due diligence
- Investments classified as high-risk without your knowledge
- Lack of diversification in your pension portfolio
Compensation Pathways for Victims
If you were misled into transferring your pension into Greyfriars’ land banking scheme, you may be entitled to compensation. Options include:
- Filing a complaint with the Financial Ombudsman Service
- Pursuing a claim through the Financial Services Compensation Scheme
- Seeking legal recourse for negligent advice
“After losing my pension to Greyfriars’ land banking scheme, I recovered my losses through a successful claim. The process was straightforward with expert guidance.” – John D., Surrey
Time Limits for Filing Claims
Strict deadlines apply to mis-sold pension claims. Most cases must be filed within six years of the transfer or three years from when you first realized the issue. Delaying could forfeit your right to compensation.
Next Steps for Affected Investors
If you suspect you were mis-sold a pension transfer into Greyfriars’ land banking scheme, take action today. A no-win-no-fee assessment can clarify your eligibility without financial risk.