Have You Lost Money On A Mis-sold Investment After Receiving Poor Financial Advice?
You may have a Mis-sold Investment and could be entitled to compensation plus interest! Bank Advisers often mis-sold investments, including Personal Investment Plans (PIPs), Unit Trusts/ OEICs, Capital Protected Products, Investment Bonds, and SIPPs or Pension transfers, by not properly taking your specific circumstances into consideration.
There are no up front costs and All work is carried out on a No Win – No Fee basis! Call Today 01625 536777
Why Consumer Savings Network?
– Our specialists have a proven track record in recovering Mis-sold investment compensation.
– We have a 90% Success Rate.
– No paperwork is required, as we gather most details direct from the Investment provider.
– Refunds are paid direct to you.
No Win, No Fee, No Upfront fee’s
– You will have your own dedicated Investment Claims specialist from start to finish.
– No upfront fee’s required to commence your claim
– You will not be charged if we find out that you cannot claim!
– Our Fee is a fair 25% plus VAT, 10% lower on average than our competitors
Do I Qualify?
– Did the adviser properly consider your attitude to risk when investing your money?
– Did you fully understand how the investment product worked and risk of loss?
– Did you expect the investment to be worth more at the end, based on the advisers assurances?
– Did the adviser seem keen on selling one particular product?
-Did the adviser clearly point out the annual charges and/or commissions?
Recent Mis-Sold Investment Success Stories…
Here are a few Recent Success Stories through claims made by our Mis-sold Investment Team ;
- Here are just a few of the recent larger successful outcomes for our clients.
Most of them had lost money they were relying on for retirement and were told it was down to poor market conditions, before contacting us for help.
How Were People Mis-sold investments by Bank Advisers?
- Most Bank Financial Advisers were tied agents, which means they could only recommend investment products provided by the bank they worked for, which limited the options available. This resulted in customers being sold investments that suited the banks product range rather than the customer’s requirements. To name a few, Aviva Global Balanced and Aviva Cautious Income Funds sold by Barclays, Halifax Guaranteed Investment Plan, Scottish Widows Capital Protected and Capital Solutions Funds and their Guaranteed Investment Fund all sold by Lloyds, were all often mis-sold products we have successfully fought.
- In fact, on May 12th 2017, the Times highlighted how Lloyds recently agreed to pay back compensation which may total some £80M, for investment products it sold to older clients who wanted to invest nest egg money with little risk as their retirement was imminent. The Acorn Market Linked Deposit and Protected Capital Solution Funds sold between 2008 and 2010 were highlighted. The Financial Conduct Authority (FCA) said the Acorn product ‘was in breach of providing fair, clear, and not misleading promotions, because it provides the consumer with a misleading impression of the return’. RBS has also agreed to start compensating customers for similarly designed structured capital protected investment products. https://www.thetimes.co.uk/article/lloyds-to-pay-80m-in-new-sales-blunder-06r3gnq2d
- In most cases, financial advisers were targeted monthly and annually so were put under pressure to hit their target if they wanted to keep their jobs or still receive important perks like free Life cover or transition payments. In fact, a recent Sunday Times Money section cover story dated February 12th 2017 highlighted St James’s Place and how it’s financial advisers were paid on a high pressure commission basis and received multiple perks for every pound they invested in client money. http://www.thetimes.co.uk/article/advisers-win-prizes-for-every-pound-you-invest-xw9kft5rr
- Lloyds Banking Group was recently fined £28m by the FCA for putting branch staff under such pressure to sell products in order to claim bonuses or avoid being demoted. HSBC were also hit with a £10.5m fine for selling unsuitable products to almost 2,500 elderly customers, Barclays were fined £7.7m. Santander UK were fined £12.4m for widespread Premium Investment advise failings, and RBS/Nat West group have also been fined £2.8m for failing to properly serve their customers needs.
How Do I Know If I was Mis-sold by my Bank Advisor?
- If you were 50 years or over when you made the investment, and your attitude to risk was cautious or you wanted a no risk investment.
- If more than half of your available capital was invested?
- If the Investments were never explained in detail, including the initial charge, ongoing charges and commission paid to the agent or bank?
- If the adviser did not take into proper consideration your future financial needs like retirement income, home improvements or other earmarked expenses.
- If the adviser did not properly assess your actual monthly outgoings.
“We congratulate you for a wonderful service, especially Mr Matt Fitzgerald, who kept us informed of each procedure along the way. We would recommend your company as being first class!”
Mr and Mrs James and Margaret Bennett, recent clients.
Please allow our experienced investments team the opportunity to provide you with an equally commendable service.