Who's guaranteeing it?
It is government backed short term fixed return investment. There is a construction guarantee in place and power purchase agreement in place.
Sorry All for not replying.
Thanks for your comments, the investment is asset backed sorry for my wrong post.
@Gerard the return is due to a service agreement I would think is the best way of explaining. It is government backed short term fixed return investment. There is a construction guarantee in place and power purchase agreement in place.
Very informative post. Welcome to AAM.
I would be questioning whether they are really a friend... or really a financial advisor for that matter.A financial advisor friend proposed this to me as an investment back In ‘18.
@INYWIFNWI suspect that if you look at the documentation your relative signed, he was informed of the conflict of interest.
If not, he should take a case to the Ombudsman and report the matter to the Central Bank.
@!RAY hasn't been on Askaboutmoney since October '21 so you may not get an answer to that question.What exactly was this investment?
Was it a farm slurry digestor or something like that?
What exactly was it?
Thanks Brendan. I’ll have a closer look at that. It didn’t jump off the pages of the documents I’ve looked at, but I wasn’t looking for it.A financial advisor should always disclose any conflict of interest.
I suspect that if you look at the documentation your relative signed, he was informed of the conflict of interest.
If not, he should take a case to the Ombudsman and report the matter to the Central Bank.
Brendan
Building an energy from waste plant in the UK, from what I can gather.What exactly was this investment?
Was it a farm slurry digestor or something like that?
What exactly was it?
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