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jamie2009

Alliance Capital Asset Management, Deal, scam ?

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I completed an enquiry form on the now compare website re investments.

The company in the title have contacted me and are offering 3% interest on a 2 Year Fixed Savings deal and 

5% on a 5 Year deal, both Capitol protected no fees.

I

GUARANTEED MONTHLY INCOMEî

 

•             Product: Alliance 33+ Fixed Interest Monthly Savings Bond

•             Company: Alliance Group

•             Sector rating: ‘Best buy’ monthly income fixed interest

•             Premium: Min - £50,000 (or currency equivalent) no max (until tranche sells out)

•             Capital: 100% capital guaranteed – cash guarantee held by HSBC Bank

•             Rates: 5 years 5%, 10 years 8% and 15 years 10%*

•             Facilities: Rates guaranteed over term of 5,10,15 years, with income available monthly, quarterly, or annually.

•             Costs: No set up or annual costs

•             Caveats: No access to capital during term

 

FIXED INTEREST SAVINGS

 

  • Product: Alliance 33+ Fixed Interest Savings Bond
  • Company: Alliance Group

 

  • Sector rating: ‘Best buy’ fixed interest
  • Premium: Min - £10,000 (or currency equivalent) no max (until tranche sells out)
  • Capital: 100% capital guaranteed
  • Rates: 5 years – 6% (limited period only); 7 years – 6% ; 9 years – 10%*
  • Term: Rates guaranteed over term of 5,7,9 years
  • Costs: No set up or annual costs
  • Caveats: No access to capital during term
  • The 2 year bond  issued by Alliance remains at 3% per year compounded Interest.

Both deals are 'too good' too be true for me, has anyone had any dealings with Alliance Capital Asset Management ?

https://www.welcometoalliance.com/?gclid=CJjzgKaA8tICFUOhaAodnoECuw

Edited by jamie2009

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24 minutes ago, jamie2009 said:

Capital: 100% capital guaranteed – cash guarantee held by HSBC Bank

Rates: 5 years 5%, 10 years 8% and 15 years 10%*

Facilities: Rates guaranteed over term of 5,10,15 years, with income available monthly, quarterly, or annually.

 

Wanna buy the Golden Gate bridge? I can do you a special price.

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Wrong forum -Moved

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13 hours ago, KittenKong said:

 

Wanna buy the Golden Gate bridge? I can do you a special price.

Didn't know it was for sale ?

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Office situated in a basement in Bangkok and staffed by "financial advisers" who have to sleep on coconut mats perchance?

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Not to be confused of course with Allianz , which are indeed a genuine worldwide insurance company. Anyone googling world's largest insurance company will find the name Allianz in the top 10 list but not Alliance

 

https://www.allianz.com/en/

 

Not surprising that nowcompare.com (another of those familiar sounding names slightly altered) recommends them as best deals given that nowcompare.com is part of this "group". Seems like you can put whatever fields into nowcompare and it recommends these same products. Highly unusual for THB rates to be the same as GBP or USD as well :)

 

Just looking at the website, the wording isn't what you'd expect from a global professional insurer. eg you don't "produce" international insurance, you "provide" it. Heavy investment in "computer systems", would more likely be investment in "IT infrastructure"  

 

Rather an unusually large focus on Thailand too for the world's largest insurer.

 

The list of regulators is also very thin, for a company claiming to be the "world's largest producer of insurance" with a few obscure ones in there. Although surprisingly they do seem to check out as registered with PIBA in HK. Then again 8 registered staff is a few thousand light of what you'd expect of the world's largest.

 

Wouldn't touch it myself, but that's just me LOL

Edited by fletchsmile
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1 hour ago, fletchsmile said:

Not to be confused of course with Allianz , which are indeed a genuine worldwide insurance company. Anyone googling world's largest insurance company will find the name Allianz in the top 10 list but not Alliance

 

https://www.allianz.com/en/

 

Not surprising that nowcompare.com (another of those familiar sounding names slightly altered) recommends them as best deals given that nowcompare.com is part of this "group". Seems like you can put whatever fields into nowcompare and it recommends these same products. Highly unusual for THB rates to be the same as GBP or USD as well :)

 

Just looking at the website, the wording isn't what you'd expect from a global professional insurer. eg you don't "produce" international insurance, you "provide" it. Heavy investment in "computer systems", would more likely be investment in "IT infrastructure"  

 

Rather an unusually large focus on Thailand too for the world's largest insurer.

 

The list of regulators is also very thin, for a company claiming to be the "world's largest producer of insurance" with a few obscure ones in there. Although surprisingly they do seem to check out as registered with PIBA in HK. Then again 8 registered staff is a few thousand light of what you'd expect of the world's largest.

 

Wouldn't touch it myself, but that's just me LOL

I called the now compare office in Bangkok, it's the Alliance office, I also checked the PIBA Website but couldn't find any record of them bearing in mind if registered it only covers Hong Kong not Thailand.

There website only has 3 testimonials not many for company claiming too be one of the largest in the world.

I asked their Rep to set a meeting up with me in Bangkok as I will be there for a couple of days although there is little or no chance I will be parting with any money.

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46 minutes ago, fletchsmile said:

If you go to PIBA's website.

 

http://www.piba.org.hk/

 

Then select members you can do a search:

 

http://www2.piba.org.hk/~ima/pn01_2.php?srhtyp=M&regno=0445&mbrno=0445

 

and google the CEO's name to find a link such as:

 

http://hongkonginsurancebrokers.com/broker/PIBA/0445

Different company, Alliance Capital Access Management is the name of the company not Alliance Insurance.

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I see that the address for Alliance Capital Access Management is

Eskaton, Dhaka, Bangladesh.

 

If you Google them you can also get a street view of where they are, supposedly, located.

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At those rates... Less than 1 per cent a year, doesn't sound like a scam. Or it's a stupid one if it is. Just randomly betting win lose or draw on any random football match will get you more than 1 per cent a year lol.

Sent from my LG-H990 using Thaivisa Connect mobile app

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7 hours ago, reenatinnakor said:

At those rates... Less than 1 per cent a year, doesn't sound like a scam. Or it's a stupid one if it is. Just randomly betting win lose or draw on any random football match will get you more than 1 per cent a year lol.

Sent from my LG-H990 using Thaivisa Connect mobile app
 

Why do you think it's "Less than 1 per cent a year"?

 

I think you must be confused.

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15 hours ago, jamie2009 said:

I asked their Rep to set a meeting up with me in Bangkok as I will be there for a couple of days although there is little or no chance I will be parting with any money.

Meeting set up in Bangkok....

 

"Hey boss! I think I've got one!!!"

 

The use of the term "little" in relation to "chance" indicates someone who doesn't pay much attention to the old adage, "If it sounds too good to be true, it probably is."

Edited by NanLaew

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7 minutes ago, NanLaew said:

Meeting set up in Bangkok....

 

"Hey boss! I think I've got one!!!"

 

The use of the term "little" in relation to "chance" indicates someone who doesn't pay much attention to the old adage, "If it sounds too good to be true, it probably is."

No reply for a Meeting, no chance would I be signing up for this scheme anyway, I just wanted too hear the bull ****.

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