Mr J was approaching retirement with two private pension funds worth nearly £65,000. His goal was to use this money to supplement his State Pension and meet everyday living costs.
His financial adviser recommended combining the two pensions into one fund, which was invested in property. This strategy incurred fees and commissions and significantly increased his exposure to risk without proper disclosure.
The fund was eventually suspended, and the value of Mr J’s investment dropped. He approached us for legal help to recover his losses.
Despite the adviser denying liability, we took the matter to court. We successfully negotiated a settlement, and Mr J received £30,000.
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After selling their home, retired couple Mr and Mrs L invested £95,000 into bank-recommended funds meant to safeguard their future. The high-risk nature of the investment caused a loss of over £40,000. We acted on their behalf and recovered £47,000 in compensation.
Mr R had a pension fund worth over £340,000 and was advised to invest it in a plan drawing £20,000 annually. The investment's value declined, and delayed annuity purchase led to reduced income. We secured £80,000 in compensation for him.
Instead of securing an annuity, Mr W was advised to invest his pension in a high-risk plan. He lost a significant portion of his retirement fund. We helped recover £56,500.
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You do not need legal representation to make a financial services claim. You can complain yourself at no cost and under FCA rules, the financial services provider must provide a response. If you feel this is unsatisfactory, you can complain to the statutory redress bodies, the FOS and FSCS who can award you compensation. This is a free service.
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