We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Catalyst Arm Bond
Stress
Posts: 22 Forumite
Hi,
Would appreciate any info/opinions on this bond offered within a sipp by Rockingham for drawdown.
It buys U.S. endowment policies and according to Rockingham pays 10.25%.
Is it too good to be true?
Would appreciate any info/opinions on this bond offered within a sipp by Rockingham for drawdown.
It buys U.S. endowment policies and according to Rockingham pays 10.25%.
Is it too good to be true?
0
Comments
-
I thought it was too good to be true.
How can it happen that the Luxembourg government put a stop on the issue of further bonds. Surely there must have been something fraudulent going on.
I was due to see my bonds mature in 2013 after 7 years ( 1st trenche). I have received interim reports each year stating that the bonds were performing within the stated parameters.
What decisioj do I take. It seems to me that if I accept the status quo they will liquidate and we will all receive sweet f a, or if I accept the "insetco" offer they will pay the interim interest for a few quarters and then they will foreclose.
Couldn't we take charge of our own destiny because there must be milloins of pounds of assets in policies which we could sell ourselves and pay out to subscribers on a fair and equitable basis.0 -
Is it too good to be true?
Yes it was, as was warned by a number of people on this forum over the years.What decisioj do I take. It seems to me that if I accept the status quo they will liquidate and we will all receive sweet f a, or if I accept the "insetco" offer they will pay the interim interest for a few quarters and then they will foreclose.
The bottom line is that nobody knows. Why dont you ask the person that sold it to you. After all, any complaint you make for it going wrong will be against them. And if it is Rockingham you used, then we know the FSA have taken action against them. So, a complaint should be fairly easy.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Here is an update on the Arm Bond fiasco to hit the UK. Rockingham the company responsible for many of the sales have failed to submit their annual accounts to companies house and a notice of strike off has been posted in the Gazette. [text removed by MSE Forum Team] Some 4000 investors with a total of £75 million have been affected by the Arm Bond0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards