Unregulated Pension Transfers
A number of unfortunate investors who moved all or part of their pension investments into AIGO lost a substantial sum of money. It was a SIPP scheme that failed to live up to its promises, leaving a trail of disgruntled investors in its wake. If you think you lost out, we may be able to help.
AIGO Loan Notes was listed on the Mauritius Stock Exchange, but in 2016 it ceased trading. It had originally been sold to investors as a property investment scheme, and was recommended enthusiastically by three pension advice firms. Pension holders who were persuaded to part with their money may never have realised there was anything wrong until it was too late.
Later that year, the Financial Conduct Authority got involved, when it asked the three advice firms to stop advising people to transfer money into AIGO. As in many other cases, the victims were tempted into investing with the promise of higher returns on their money, and inevitably such returns failed to materialise.