"One of the UK's leading specialists in financial mis-selling…"
The Times

£56,500 Recovered for Mr W – Mis-sold Investment vs Secure Annuity

Background

Mr W had a pension fund of almost £145,000 and required a secure investment that would provide a regular income during his retirement. He had a cautious attitude towards financial dealings and did not want to place his money at risk.

He had been considering taking a tax-free lump sum from his pension and using the remainder to purchase an annuity. This would have provided him with a guaranteed income of almost £8,500 per year.

Unsuitable Financial Advice

A financial adviser persuaded him to place the full amount of the pension fund into an investment plan instead. Mr W was not made aware that his capital was placed at risk by doing this.

Financial Consequences

Within 5 years, the investment fell by almost £48,000, reducing his retirement income.

Claim Outcome

We helped Mr W pursue compensation and successfully recovered £56,500, including capital and interest losses.

No win, no fee

Answer a few quick questions and request a free callback. Our team will contact you for a no-obligation chat and explain the next steps.

    Thank you for your enquiry. Unfortunately, we are not currently able to accept new cases that fall outside the applicable limitation period. You may wish to seek independent legal advice regarding your specific circumstances.

    Thank you for your enquiry. Unfortunately, we are only able to assist clients who are resident in the UK. We recommend contacting a legal adviser in your own country of residence.

    Thank you for your enquiry. Unfortunately, we are not currently accepting new cases outside of our core areas of practice.

    Thank you for your enquiry. Unfortunately, we are not currently able to accept new cases where the potential claim value is under £5,000, as the costs of pursuing the claim would likely outweigh the benefit.

    You may also like
    £80,000 Compensation for Mr R – Negligent Pension Advice

    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.

    £50,000 Compensation for Mr & Mrs S – Mis-sold Investment Fund

    Mr & Mrs S sold business properties to fund their retirement and sought low-risk investment options. Their bank advised them to invest in a high-risk managed fund, resulting in minimal returns. We secured £50,000 in compensation for them.

    £47,000 Recovered for Mr and Mrs L – Bank Mis-sold High-Risk Investment in Retirement

    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.

    Request Your Free Case Review

    Provide your details to start your free eligibility check. You’ll be guided through a few short questions so we can direct you to the right specialist and assess how we can help.

      Important Information

      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.

      The information appearing within this website does not constitute legal advice and is provided for general information purposes only. No warranty, whether express or implied, is given in relation to such material, and we do not accept any liability for reliance on it.

      Neglect Assist is a trading style of Wixted & Co Solicitors which is authorised and regulated by the Solicitors Regulation Authority (SRA) A copy of the SRA handbook can be obtained from www.sra.org.uk. Wixted & Co Solicitors, 57 Putney Bridge Road, London SW18 1NP.

      Registered number 06243291. VAT number 788 6929 41.

      © 2025 Wixted & Co Solicitors