Aegis Power Bond SIPP Claims Guide
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For those advised to make a green and more eco-friendly SIPP pension investment through Aegis Power Bond No 1 Plc may well have received a shock when the investment got into difficulty and became insolvent.
The truth is, regardless of what a financial adviser or pension marketing firm may have told you, is that the Aegis Power Bonds were always a high-risk investment, not suitable for many investors.
Despite the high-risk nature, many people may have been advised to invest in Aegis, and may have been mis-sold their SIPP pensions.
Now, Aegis Power Bond No 1 Plc is in Administration with Stephen Goderski and Alison Burnside, and investor’s money may still be at further risk.
Find out if you can make a claim over a mis-sold Aegis Power Bond with Spencer Churchill Claims Advice – specialists in mis-sold pension claims on a No Win – No Fee* basis.
Aegis Power PLC In Liquidation
Not only is Aegis Power Bond No 1 Plc in administration, but Aegis Power PLC itself is in a compulsory liquidation and is being wound up by the courts.
Little information about why Aegis Power is in compulsory liquidation is currently publicly available.
We do know that Aegis Power Bond No 1 was included in some Beaufort Securities investment portfolios, a company that was restricted by the FCA, is in insolvency proceedings itself, was involved in an FBI sting and is linked to multiple cases of pension mis-selling.
Aegis’s story seems rocky, with disputes between board members in 2016 leading to at least one dismissal for gross mis-conduct, and the suspension of trading of the Aegis Power Bond No1 from the Cyrpus Stock Exchange.
If you invest in Aegis, it could be wise to check to see if you can make a claim. One way is to have a chat with one of our case handlers for a FREE initial assessment.
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Can You Claim For Aegis Power Compensation?
Several financial advisers and the FSCS have been paying out compensation for having been mis-sold high-risk investments via SIPPs for a few years.
If you:
- Transferred your pension to a SIPP
- Invested in Aegis Power or other high-risk investments
- Aren’t earning over £100k per year
- Aren’t a Sophisticated Investor
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
Aegis Power Timeline Of Events
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Aegis Power PLC
2013
Aegis Power PLC is formed on 2 January 2013
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Aegis Power Bond (No1) Plc
2015
The various Aegis Power bonds begin to come to life, with Aegis Power Bond (no1) Plc becoming incorporated in Jan 2015. Others entities follow in 2016 such as Aegis Wind No1 Ltd.
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Suspension
2016
In January 2016, disputes between board members resulted in one director being dismissed for gross misconduct.
On Friday the 3 June 2016, Aegis Power was suspended from trading on the Cyprus Stock Exchange, due to “Non submissions and publication” of its annual financial reports.
Aegis Power Bond No1 Plc falls into administration on 2 August 2016
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Liquidation Of Aegis Power
2017
Aegis Power PLC enters into compulsory liquidation on 12 June 2017 following petition.
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Liquidation Update
2018
In November 2018, an update was provided that explained how 2 firms (Aegis Wind Finance No1 Limited, and Aegis Investments Nominee Limited), both owed money to Aegis Power Limited, totalling £97,250. Both firms are in administration at the time of the report.
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Claims
2019
While many people were possibly mis-sold their Aegis SIPP investments years earlier, it often takes the collapse of the investments to make people aware.
If you invested, you may be able to make a claim on a No Win – No Fee* basis.
What Were The Aegis Power Bonds?
Green energy production is a hot topic, and with good reason!
But that doesn’t always mean that investing in green technology doesn’t sometimes come with its pitfalls, as evidenced by the Aegis Power Bonds.
Aegis Power Bond No1 Plc was set up to allow investors a slice of the action on new wind turbines that would be more cost effective than many previous models.
Offering a relatively massive 10% returns on investments (common among high-risk and unregulated investments), Aegis Power Bond no1 Plc appears to have failed.
Aegis Power Related Claims
Aegis Power Compensation FAQ’s
Is The Aegis Power Bond Going To Recover?
To comment would be pure speculation. Being unregulated by the FCA, it was always a high-risk investment.
Do you know how people complained about mis-sold investments and pensions in the last year?
A lot. Over twenty thousand complaints were made about mis-sold pensions and investments in 2020/21, a figure which had doubled since the year before.. It’s no secret how serious this problem is, and it just seems to keep getting worse.
Have you been a victim of financial mis-selling?
Reaching out for help is never easy,
especially if you’ve been misled in the past.
But getting in touch with us won’t commit you to anything. We want to toss you a lifeboat and guide you through the choppy waters of the financial ocean, not leave you struggling to stay afloat. Our experts are here to offer advice and support on financial claims. We know what we’re doing and you can trust that if you’ve got questions, we’ve got answers.
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Spencer Churchill Claims Advice Will:
- Speak to you in plain English
- Provide you with a dedicated claims specialist
- Pay attention to the small details of your case
- Keep you up to date with the status of your claim
- Make sure you understand our charges
- Do absolutely everything we can to win your claim
How does our claims process work?
With millions of mis-sold pensions reported, it’s worth finding out if you can get your money back. Here’s how our simple process works:
What types of claims do we handle?
Find out how much you could claim today
Ready to take the next step? We’re here with clear, no-pressure advice. Give us a call today to find out if you have a valid claim
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