If you invested in EOS Solar and now find yourself confused by the latest news, you’re not alone. The latest news about the company seems both sketchy and contradictory. It does seem clear that the firm is not performing up to the rosy forecast painted for investors.
If your EOS Solar investment was made with pension funds, were you properly informed of the risks before making the investment?
Marketers and advisors urged many pension investors to go into SIPPs to put their money in EOS solar. The company’s high potential returns supposedly worthwhile. Unfortunately, not enough investors were made aware of the fact that high returns always come with high risks.
Most of EOS Solar’s assets are in Cyprus. This puts it outside the regulatory control of the FCA. EOS Solar investors are not protected by the Ombudsman or the Financial Services Compensation Scheme. Investors are on their own in dealing with losses in value or lack of returns.
EOS Solar is a classic example of a high-risk investment. The only investors who should take on this sort of investment are sophisticated investors and high net worth individuals.
Do you have in-depth investment experience? Do you earn more than £100k a year?
If you answered no to either of those questions, EOS Solar was not the right investment for you. The financial adviser who recommended it may have been negligent. Advisers have a responsibility to check your risk tolerance and confirm that you understand the potential negative outcomes of a high-risk investment.