Mr

David_Finnegan

Hi. I am trying to get information about an investment within my SIPP. Investment is ABC Corporation Bond which has gone into administration. Has anyone got any information.


Thanks

TadleyBaggie

You might want to change the subject of the thread to something more meaningful if you want to attract viewers. When starting a new thread, the box entitled "Title" refers to the subject of the thread, not how you are addressed.

AnotherJoe

LOL I wondered why it was "Mr" , seems obvious now.

From their prospectus (which offers a "minimum of 8.11% interest") my emphasis in bold.

Investments in ABC VI Corporate Bonds are NOT covered by the Financial Services Compensation Scheme. The investment opportunity is only available to persons who
are Certified High- Net-Worth Investors, Certified Sophisticated Investors,
Self-Certified Sophisticated Investors, Certified Restricted Investors and/or
Professional Investors (who have been subject to an Appropriateness Assessment) or
individuals who take independent advice from an authorised Independent Financial
Advisor and only following receipt of the full offer document.

Seems obvious the OP is none of the former and either was attracted like a moth to a flame by teh 8.11% interest or by a dodgy IFA.

OP, complain to your IFA and go via their compensation scheme, or if you didnt use an IFA you have yourself to blame and have lost your money.

How did you end up buying these?

bigadaj

AnotherJoe wrote: »

LOL I wondered why it was "Mr" , seems obvious now.

From their prospectus (which offers a "minimum of 8.11% interest") my emphasis in bold.

Investments in ABC VI Corporate Bonds are NOT covered by the Financial Services Compensation Scheme. The investment opportunity is only available to persons who
are Certified High- Net-Worth Investors, Certified Sophisticated Investors,
Self-Certified Sophisticated Investors, Certified Restricted Investors and/or
Professional Investors (who have been subject to an Appropriateness Assessment) or
individuals who take independent advice from an authorised Independent Financial
Advisor and only following receipt of the full offer document.

Seems obvious the OP is none of the former and either was attracted like a moth to a flame by teh 8.11% interest or by a dodgy IFA.

OP, complain to your IFA and go via their compensation scheme, or if you didnt use an IFA you have yourself to blame and have lost your money.

How did you end up buying these?

Could well have been an advert in a daily or Sunday pAper, several options every week within the financial sections.

kidmugsy

TadleyBaggie wrote: »

When starting a new thread, the box entitled "Title" refers to the subject of the thread, not how you are addressed.

Some people may be rather tired by 10:44 pm. Or "tired and emotional".

On a more serious note: OP, I hope you're not using your real name. That's unwise: it's best to adopt a pseudonym.