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5 February 2019 | Comment | Article by Neil Stockdale

Did you invest in AIGO Holdings PLC (“AIGO”)?


AIGO was an asset backed income growth opportunity involving loan notes. The investment itself involved a fixed term, ten year investment with coupons paid once each year as cash and returned through an investor’s self-invested personal pension.

The Financial Services Compensation Scheme (“FSCS”) is now disregarding any value in respect of AIGO investments because AIGO UK Residential Property Fund, AIGO Commercial Property Fund and AIGO Natural Resources and Securities Fund are now all insolvent.

This was the result of SIPP operator, Guinness Mahon, presenting a winding up petition to the holding company following its failure to issue coupons to its investors and meet its redemption obligations.

FSCS had previously made interim awards to AIGO investors to reflect their lost pension growth but had not been able to value the AIGO investments and calculate total losses.

Our clients are now receiving compensation payments from the FSCS for the full extent of the losses they have suffered having invested in AIGO.

Three firms linked with the investment had restrictions placed on them by the Financial Conduct Authority some time ago, namely:

  • Bank House Investment Management;
  • Financial Page; and
  • Henderson Carter Associates.

If you were advised by these firms and/or if you invested in AIGO then you could be entitled to compensation. Visit our Financial Mis-Selling page for more information on how to get in touch for a free, no obligation consultation.

Author bio

Neil is head of the firm’s group actions and financial mis-selling teams, specialising in handling claims for financial mis-selling relating to energy contracts, pensions, investments and timeshares.

Disclaimer: The information on the Hugh James website is for general information only and reflects the position at the date of publication. It does not constitute legal advice and should not be treated as such. If you would like to ensure the commentary reflects current legislation, case law or best practice, please contact the blog author.

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