The Colonial Capital Group Bond Investments
The Colonial Capital Group Plc was set up in 2011 to take advantage of the US housing market’s dislocation. Incorporated in 2014, it offered investors a chance to invest in areas like Chicago through the Colonial Capital Group’s 3-year bonds with 12 percent interest with 100 percent of the investment going back to the investor when redeemed.
As with many SIPP approved schemes, Colonial Capital Group’s high-risk overseas property product is not looking like it is going to deliver this promise to any investor. Joint administrators Paul Pittman and Paul Highly were called in early in 2017 and left doubt in some investor’s minds over the company’s future investments. These investors retirements were also looking dodgy.
Colonial Capital Group Bonds and SIPPs
Self-Invested Personal Pensions are great products to invest in for good retirement income, but this is only if they are suitable for you. Overseas property investments are considered non-standard assets which means the products sold by Colonial Capital Group were high-risk. If you are not a high-net-worth investor with experience, your financial adviser may have given you negligent advice if you acted on it.
If you did, you may be able to make a claim. If you lost money through your Colonial Capital Group investment, a SIPP, or SSAS investment, we want to hear from you. We will conduct a free assessment and see if we can help rescue your pension.