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 ourFinancial Mis-Selling pagefor more information on how to get in touch for a free, no obligation consultation.