According to files from Companies House website, the winding up of this advice firm began in July 2017. However, the Financial Services Compensation Scheme had already declared the firm in default in March 2017.
According to a report by Jack Gilbert in Citywire (10/09/16) the FCA had asked the firm to stop pension transfer advice, specifically " it must ‘not carry on any activities in relation to pension switches and/or pension transfers to any Sipp, to facilitate investments into non-standard assets, (including the AIGO fund and Hennessey Jones Bonds)’ "
Some clients were placed by Financial Page Ltd into the Aigo Fund - this is believed to have been a non-standard asset listed on the Mauritius stock exchange. Have you been sent a letter by the SIPP operators Guinness Mahon about this fund recently? Get in touch!
In a statement quoted in the Citywire article Hennessy Jones said it has promoted the Aigo lending scheme to ‘a number of IFAs (including Financial Page)’, as part of its role as marketing adviser to Aigo Holdings PCC.
You can make a claim directly to the FSCS yourself for your advice from Financial Page Ltd.. However, if you prefer to make use of our expert advice, you can submit Financial Page SIPP claims with us, leaving us to attend to all of the relevant detail.
We do not handle any client monies prior to a claim being compensated, and we do not take any up front charges. You will only pay our fee, 15% inclusive of VAT, if we win compensation for you, and once you have been awarded that compensation