Elysian Fuels- Future Capital Partners

[MaxFromage]

I have a friend who has a relative that has 'invested' his small pension pot in this a couple of years ago. As I'm an accountant, he's asked my advice and is concerned he has invested in something that amounts to tax avoidance. He certainly isn't an educated investor and has probably been mis-sold the product. That's another issue though.

The pension pot has essentially been loaned back to the individual after investment and there is now concern as to the validity of the loan. This product is mentioned in the same sentence as K2 and Icebreaker etc and we all know what's happened there. Is this product on HMRCs radar at the moment and is it being actively targeted? A web search doesn't seem to throw any light.

Any info on where we are with the product would be useful.

Thanks.

[MaxFromage]

I think HMRC is more the concern at the moment. Your post is useful regarding the duty of care the IFA had though, thanks

[MaxFromage]

Thanks for the update.

[MaxFromage]

Pm sent. Cheers