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Martin's letter to British

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A warning after it
FIRST POST

2for1 cinema trick for a

#1 for 1.50
YEAR
Incl Dunkirk & Despicable
13th Nov 15 at 11:41 AM
Free mock driving
i am interested in the asset life plc 3 year fixed interest plan @ 8.75% and would like to know if anyone theory test
knows anything about them - how secure are they and would my money be safe . they claim they have Could you still pass?
financial guarantees from GEF for up to 250k if they go to the wall. However GEFare based in Israel and
Two pairs of glasses or
Asset life have only been around since 2014. what do people think / know?
prescription sunnies
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13th Nov 15, 12:03 PM

Not regulated, no FSCS protection, incorporated 23 Jul 2014

Stopped reading at that point, the 'guarantee' is worthless

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agreed, a quick look at their website, suggests that they take your money and then invest in life settlements
Beat Virgin Media price hikes
etc. Looks horrible and truly dis-ingenuous regarding the "fixed income". There is no point getting a fixed
YEAR'S 2for1 cinema trick for
income of 8.5% pa if you're not going to get your capital back at the end,
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1.9% for 1yr fixed savings

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Up to 125 cash to switch

13th Nov 15, 12:13 PM I'm fighting it, but I think #cbb
http://search.twitter.com
may well start
Wouldn't it be safer to put your money in UK based investments in a S&S ISA? You are then protected and on my TV at 9pm.
appearing
making the most of your tax free allowance.
http://search.twitter.com
/search?q=guiltypleasure) Anyone
Remember the saying: if it looks too good to be true it almost certainly is. else struggling to resist

Is your bank's service fantastic,

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diabolical or somewhere in
between. Please vote in today's
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The pic on the left is nonesense.

I've never written about Uber.
Never had it on my facebook page.
Never written a guide to it.

13th Nov 15, 7:34 PM Follow Martin

A recent phrase has stuck with a number of regulars on this board and that is that if you are concerned
about guarantees and safety then you should not use unregulated investments.

Worried about airport

These are very high risk, illiquid investments that should not be retailed to a typical UK consumer. Look at security delays? Here's
what happened to Rockingham. what you need to know

POSTS THANKS Retirement age hike has

I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different
left women hundreds of
needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a pounds worse off
Financial Adviser local to you.
Virgin Media to hit
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electricity prices by 12.5%

8th Feb 16, 4:32 PM Guest Comment: FCA

says fundamental
There are 14 companies registered at the same address as Asset Life plc. Is this a postal accommodationchanges to unregulated
address?
More News

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on the cheapest
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unsecured
17th Mar 16, 1:20 PM personal loans

Posted a warning (including evidence) a while back about all the background to this company. Post got
deleted - probably after legal threat.

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I'll leave that theme. But I will just record that as at today's date Asset Life PLC has not filed it's accounts,
which were overdue after 29 Feb 2016. Tools for different
credit card types &
POSTS THANKS
You could argue that this is just an oversight, but this is after the full 9 months allowed by Co's Act to file purchases
them. You are, of course, permitted to file earlier if you wish (and providing you are actually keeping
accounting records and providing you ever had any intention of filing any). So why would a company
wishing to generate confidence in itself ever file late?
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thousands of
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Eight calcs for all

17th Mar 16, 1:46 PM your mortgage
sums

What is it about 8%?

I guess it's not a "suspicious number" - i.e. divisible by 5.

Resolver - the
It's also not "too big"...
automated
complaints system
But it's always 8% at the moment. {text removed by MSE Forum Team}
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Last edited by MSE Andrea; Yesterday at 11:02 AM.

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17th Mar 16, 8:24 PM

What is it about 8%?

I guess it's not a "suspicious number" - i.e. divisible by 5.

It's also not "too big"...

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But it's always 8% at the moment. Maybe that's how we'll finally know the economy has recovered -
scammers will be offering higher amounts...
Originally posted by Mirno

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Wel it's the same as statutory debt rate so maybe this is a reference or rings a bell with some people which
makes it sound credible.

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25th Apr 16, 8:27 AM

The marketing is still active with an 'average fixed rate' of 8.75% over 3 years offered. Capital is at risk with
'guarantee' of return of capital if Company folds.

Taken with the above comments one to be wary of.

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I have climbed the mountain . . . . .

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10th May 16, 4:04 PM

Here's another red flag. As of today, accounts still not filed. And note Asset Life uses slightly oblique

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regulatory loophole to get their prospectus out into the public despite not actually being regulated
themsleves...they have had their document "approved" by another regulated entity. Here's the current
website disclaimer for this:
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Approved for the purposes of s21 FSMA by Opus Capital Limited FCA No. 403428

Unfortunately Opus Capital Ltd is embroiled in the ongoing cases being brought in connection with a
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Carbon Credit {text removed by MSE Forum Team}.

I can't post links, but google "news/major-carbon-credit-network-unpicked-by-the-insolvency-service" and

its the first result. (You have to search for Opus on this website as its a long way down).

The Insolvency Service are trying to wind up Opus and are either trying to wind or have wound a lot of
other companies with common directors.
Last edited by MSE Andrea; Yesterday at 11:19 AM.

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23rd Jun 16, 12:54 AM

for last one year.. invested a small amount through a fca regulated agent. receiving 9.25 % interest (the
previous issue was giving 9.25 the current issue 8.75) ..they pay every quarter .. on time.

Though they tell 3 yrs in advertisement but it may not be three years.. It is three yrs from the date they
issue the bond in market... So if you buy the current Issue it will mature probably in next 2yrs and7-8
POSTS THANKS
months

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23rd Jun 16, 12:56 AM

They have sent me the latest account book .. bit late.. in May end.. according to that they have made good
profit..

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23rd Jun 16, 9:05 AM

invested a small amount through a fca regulated agent

Originally posted by arun_moitra

A what? A key objective of the FCA is to make it clear whether people are dealing with advisers or
POSTS THANKS salesmen. Your post suggests you are not clear.

Was it an IFA? If so you have ample grounds to make a complaint. Or was it a salesman being paid to sell
their product?
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23rd Jun 16, 10:42 AM

Given a) the reluctance of any accountant to say explicitly that they think something's a bit iffy b) the
number of tame accountants in this country who will quite happily sign off any old tat if you rub their belly c)
some of the companies I've seen whose accounts were unqualified right up until the end, I am quite
staggered that any company {text removed by MSE Forum Team} is ever forced into submitting qualified
accounts.

POSTS THANKS A company could be literally on the brink of Apocalypse, premises on fire, documents being hurled into
shredders or just out of the window a la Downfall, salesmen running in all directions carrying huge sacks of
cash to their Jaguars, others sitting in the car park rending their garments and wailing, O Fortuna by Carl
Orff playing at maximum volume as the office collapses into the ground like Mount Doom at the end of Lord
What's this? (badges.php) of the Rings. And it should still be able to cobble together a set of unqualified accounts.

Of course there are some people who hear the words "The company's accounts were qualified" and think
that this must be a marvellously good thing. Personally I wouldn't go near any company which released
accounts that were qualified for any reason. As we seem to have a company that likes issuing legal threats
I will say no more and point out that everything that I've said has just been outlining my general principles.
Last edited by MSE Andrea; Yesterday at 11:39 AM.

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23rd Jun 16, 3:29 PM

@ bowlhead99

Sir I salute you

However, having read both of arun_moitra's posts and yours, taking into account the length of time you
have both been on the forum, and considering possible motives, on balance I believe everything
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arun_moitra has posted.

Just like I believe everything both sides of the referendum debate have told me
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23rd Jun 16, 8:23 PM

I don't recall ever hearing a qualification as explicit as "indicate the existence of a material uncertainty
which may cast doubt about the company's ability to continue as a going concern."
Originally posted by Reaper

POSTS THANKS Just to clarify, that bit wasn't the "qualification". The qualification was the piece I'd quoted earlier about how
they "were unable to obtain sufficient appropriate audit evidence regarding the value of fixed asset
investments". So the other bits of the accounts were fairly stated but they couldn't say that the investments
were fairly stated (even though those items are the biggest thing on the balance sheet).
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The bit about "doubt cast on ability to continue as a going concern" is merely drawing your attention to
something already in the accounts which they think it's important to emphasise: the company's ability to
keep going depends on turning its private, illiquid investments into cash or raising funds some other way.
The directors have projections that says it will still be going for at least a year so the accounts aren't done
on a break-up basis, but whether the targets will be met, nobody knows.

Or at least, nobody knows at the time of signing the accounts, maybe they have a better idea now a month
later, but they won't need to file the July 2016 accounts until next year so you have no way of knowing their
current solvency.

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5th Aug 16, 7:50 PM

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hi
just came across this thread and i have three questions
1: where is wiseowler? ever since disappeared after creating the thread. if he/she is so keen to know the
authenticity she/he should return at least with some thank you note. to me it seems she wanted to keep
you all busy in debating and succeeded. well done wiseowler.
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2: in one of the post, in fact the longest one, poster even bother to keep in mind the rules of any forum and
called another guy straight forward an IDIOT.
i think everyone should respect the opinion of others. if you have anything to say different to others it
should be in polite way.
3: this is for the third time i am using this platform for all these time i never heard anyone saying anything in
favor to any company who was in question. why is it always so?

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1st Aug 17, 11:13 AM

Just a friendly reminder that this is not a UK regulated consumer product.

It is an unregulated investment instrument.

You get no FSCS protection. It has 100% loss potential and is very high risk. As such, this type of
instrument is unsuitable for most UK retail consumers.

POSTS THANKS It is not a fixed term deposit or a fixed interest plan (plan is a phrase that can make it look like a retail
product when it is not).

The FCA have a good webpage on unregulated collective schemes. It is a useful read for anyone
What's this? (badges.php) considering unregulated collective schemes or other unregulated schemes.

https://www.fca.org.uk/consumers/unregulated-collective-investment-schemes

I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different

needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a

Financial Adviser local to you.

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1st Aug 17, 11:37 AM

Indeed, MSE provides a valuable service by steering the unwary away from unsuitable products,
particularly those with a 100% loss potential

For my reference this is post #24

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