Have you lost money in an investment with your bank, building society or a financial adviser?
If you have lost money on your investment you may be entitled to make a claim.
Speak to one of our Mis sold Investment Claims Advisers today on 01204363979 and find out if you too could be due a payout of potentially thousands of pounds in investment compensation.
How were investments mis sold?
There are many ways in which we can identify mis sold investments including:
- Your personal circumstances were not properly considered
- You were advised to invest all or most of your savings into a single product
- You were sold an investment product to generate income but did not realise that if the growth is not sufficient your capital would be eroded
What sort of Investments can I claim for?
You can claim for any investment which involves risk to your capital. Many banks will have their own product names but generally speaking these will include:
- Stocks and Shares ISA’s
- Unit Trusts
- Investment Bonds
- PEP’s – Personal Equity Plans
- Capital Protected Bonds
- With Profit Bonds
- OEIC – Open Ended Investment Company
Bad Investment Advice?
In December 2011 consumer magazine Which published the findings of its investigation into the investment advice given by high st banks. It discovered widespread failings in the advice being given to customers. It goes on to say “When it comes to investing your money, getting good advice is vital. Unfortunately, if you visit a high street bank or building society, it’s something you`re highly unlikely to receive”.
We have seen many examples of customers who have been specifically targeted by the banks because they have a large balance on a deposit account. The banks then contact the customer with promises of better returns if they speak to one of their financial advisers. The commission earned on these investments meant that the advisers didn`t always put the interests of the customer first. This often meant clients were mis sold investments and many are now able to make investment claims against their bank or financial adviser.
In January 2011 Barclays was fined £7.7 million by the Financial Services Authority (FSA). The bank failed to ensure that certain funds were suitable for customers, taking into account their investment objectives, financial situation and investment knowledge, despite the fact that most of them were either retiring or approaching retirement. More recently in Dec 2011 HSBC was fined £10.5m for poor investment advice to elderly people in care. That fine comes a month after private bank Coutts, part of RBS, was fined £6.3m for recommending a fund to some customers even though it may have exposed them to more capital risk than they appeared willing to accept. The UK arm of Credit Suisse was also fined £5.95m, for systems failures that meant customers were exposed to an unacceptable risk of being sold a product that was unsuitable for them.
How can we help?
Everything we do is on a No Win No Fee* basis with nothing to pay upfront. If we win your claim, we simply take 30% plus Vat (total 36%) of your final settlement.
Remember, it doesn`t matter if you no longer have the investment, you can still claim.
If you feel you may have an investment claim
CALL ONE OF OUR SPECIALIST ADVISERS TODAY ON 01204 897677 or request a callback now.
*Please note that if you cancel your claim after our 14 day cooling off period, a cancellation fee may be payable. Please see our Terms & Conditions.