AIGO Loan Notes
A number of unfortunate investors who chose to move all or part of their pension investments into AIGO lost a substantial sum of money. This is yet another Unregulated Collective Investment Scheme (UCIS) 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.
A wrongly endorsed investment scheme
AIGO Loan Notes was listed on the Mauritius Stock Exchange and heavily recommended by three different UK pension advice firms – Bank House Investment Management Ltd, Henderson Carter and Financial Page, typically using Sipp provider Guinness Mahon.
It was touted as a type of property investment scheme and investors were promised an attractive annual return or “coupon.” There were four specific investment categories, namely Natural Resources, Commercial Holdings, Residential Holdings and Equity Fund.
The projects failed and in early 2016, Guinness Mahon was forced to come clean to investors that withdrawing funds from the investment was looking like a forlorn hope. Subsequently, in March 2016 AIGO Loan Notes ceased trading.
Are you due compensation?
Compensation claims relating to AIGO Loan Notes have totalled seven million pounds so far, with Bank House, Henderson Carter and FInancial Page all being declared as being in default by the FSCS.
Those firms who so enthusiastically sold unregulated pension transfers to unwitting customers should not be allowed to get away with their actions, and that’s where Beat the Banks come in.
We’ve been mounting and winning compensation cases for many years, and if you’ve suffered because of an investment with AIGO we can help you too. You will have signed up to their scheme expecting to be treated fairly, but there is a chance you were misled right from the start. Call us on 0800 193 1234 to see what our specialists can do for you.