AIGO Funds

If you have AIGO Funds in your SIPP you may want to check if you should be claiming compensation for mis-selling

The AIGO Fund (Alternative Investment Growth Opportunities) was promoted as an investment into natural resources and was managed by Fidelis Global Asset Management.

It was a ‘loan note’ property investment scheme in which investors were promised high returns through annual coupons paid as cash back into their SIPPS.

AIGO Funds (AIGO Holdings Plc) became insolvent as a result of SIPP Provider Guinness Mahon issuing a petition to wind up their business. This was after they failed to issue the returns (coupons) to investors and fulfil their redemption obligations.

Financial Advisers linked to AIGO

Many people who invested in the AIGO Fund through their SIPP – Self Invested Personal Pension – did so as a result of pension transfer advice.

Notable firms who actively advised people to invest in AIGO were Bank House Investment Management, Henderson Carter Associates and Financial Page. Unfortunately, this advice was not suitable for many investors and as a result the FSCS has already paid out more than 5.7m in compensation.

What Makes Advice Unsuitable?

  • If you felt pressured
  • You didn’t understand how the investment works
  • You weren’t aware of the risks involved
  • If the risks were more than you said you wanted to take or could afford

All of the above are potential red flags to pension mis-selling. A financial adviser has a duty to ensure all recommendations are suitable to your needs and attitude, if for whatever reason they failed to do this, you may have been mis-sold.

What Can You Do?

If you received advice to invest in the AIGO Fund, then you may have been mis-sold and could have a case to claim compensation.

Want a free expert opinion?

Whilst each case is individual, as mis-selling specialists we know to look for certain signs that in our experience indicate that mis-selling may have happened.

Our assessment is free and there’s absolutely no obligation to use our service if you have case.

Key Facts

1
High-risk, unregulated investment which was unsuitable for most SIPP investors
2
SIPP provider Guinness Mahon had AIGO Funds in some of their SIPPs
3
AIGO Funds became insolvent after Guinness Mahon issued a petition to wind up the business

We have a 99% success rate for claims

The cost of our service is 18% inc VAT on the total monies awarded for a successful claim

Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Compensation Scheme, whichever is applicable to your claim.

We will not make or pursue a claim, or advise you to, if we know or have reasonable grounds to suspect that the claim does not have a good arguable basis, and or is fraudulent or frivolous.