News today (17.02.2020) that the Financial Services Compensation Scheme (FSCS) may now be able to accept claims against this failed SIPP firm. Extract from FSCS website:
In administration: 17 February 2020
Guinness Mahon Trust Corporation Ltd (GMTC) has failed and was placed into administration on 17 February 2020. As a result, FSCS is accepting claims against this firm.
Some clients were placed by unregulated introducers or advice firms into the Aigo Fund - this is believed to have been a non-standard asset listed on the Mauritius stock exchange with investments via Aigo loan notes through Aigo Holdings PCC. Have you been sent a letter by the SIPP operators Guinness Mahon about this fund recently? Get in touch!
If you have invested into the Ethical Forestry Ltd. asset via a Guinness Mahon SIPP, then you will be aware that Ethical Forestry Ltd. is subject to a Serious Fraud Office investigation, and that the firm is in liquidation, according to Companies House
Like Ethical Forestry Ltd., this was another unregulated asset that invested into forestry. This company was subject to a winding up order in the High Courts of Justice on 12/07/2017
If you have been advised to invest into an unregulated asset such as these with Guinness Mahon you may be able to make a claim. This could be against the advice firm that opriginally advised you, or in another form. You can make a claim yourself - either directly or via the FSCS - or you can choose to use our service.
If you make your own claim via the FSCS this is a free service - if you choose to use us we will charge you a fee (20% inclusive of VAT) if we win compensation for you.
We are a specialist financial services claims management company - this is all that we do. We have expertise across pensions and investment claims, and we can tell you quickly if we believe that you have a valid claim. Speak to a SIPP claims expert today, or email,us, using the freephone number, or contact form below.