6% Sainsbury's bank Fixed Rate bond Atlantic Capital Management

Reaper

I think it's been well covered but for the final nail in the coffin there is an FCA warning about them:
https://www.fca.org.uk/news/warnings/atlantic-capital-management-clone

dunstonh

Reddogwoman said:

Swipe said:

I think you mean 0.6%

This is from the email they sent :

As discussed the bond with Sainsbury's is a fixed rate corporate bond so it is in no way linked to stocks and shares. 

The 6% is a fixed rate with is 100% covered by the FSCS up to £85,000 and is therefore 100% risk free as the rate will never fluctuate.

As this is a liquid investment you can access the funds in part or full at any opoing subject to giving 30 days notice.

Adam Alsop

Wealth Advisor

 

Email: adamalsop@atlanticcm.co.uk

Multiple lies in that post.
Individual corporate bonds are not retail financial investments and do not get FSCS protection.    It is potentially illiquid as it needs a buyer and there is no 30 days notice.

It is likely your money would never actually buy the corporate bond. That is just a lie to entice you to pass money over.   You should report this to Action fraud and the FCA via their scams website.  That email is evidence of wrongdoing.

Zanderman

Reddogwoman said:

Swipe said:

I think you mean 0.6%

This is from the email they sent :

..............

Adam Alsop

Wealth Advisor

Email: adamalsop@atlanticcm.co.uk

And, if further proof of a scam is needed (which I don't think it is!) the domain name that 'Adam Alsop, Wealth Advisor' writes from, atlanticcm.co.uk, was only registered 45 days ago. 
In Iceland. 
https://whois.domaintools.com/atlanticcm.co.uk