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AIG Enhanced Fund
cooke331
Posts: 1 Newbie
Hello all,
My parents have currently got their entire life savings locked into the above mentioned aig fund. As i`m sure your all aware this fund was frozen last November and clients had to decide either to take a 25% loss and cash in or to keep the money in until 2012 and receive all of it back(??!!). Obviously as every week goes by AIG`s viability as a company seems to deteriorate and things start to look increasingly more worrying. I know that only 5% of their clients chose to cash in and take the loss. There was talk that the FSCS would guarantee 90% of the investment should the company go under but in practice would this actually happen or would they find a way of wriggling out of it?? Anyone with any knowledge would be much appreciated!!!
Cheers
My parents have currently got their entire life savings locked into the above mentioned aig fund. As i`m sure your all aware this fund was frozen last November and clients had to decide either to take a 25% loss and cash in or to keep the money in until 2012 and receive all of it back(??!!). Obviously as every week goes by AIG`s viability as a company seems to deteriorate and things start to look increasingly more worrying. I know that only 5% of their clients chose to cash in and take the loss. There was talk that the FSCS would guarantee 90% of the investment should the company go under but in practice would this actually happen or would they find a way of wriggling out of it?? Anyone with any knowledge would be much appreciated!!!
Cheers
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