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Mr and Mrs A obtained a significant capital sum following the sale of their family home. They intended to use this money to supplement their income for future living costs. They did not want to expose this capital to any level of risk and considered themselves to be cautious investors.
A financial adviser at their bank wrongly recommended that they place a significant proportion of their capital into high-risk funds. They were not properly advised of the potential consequences of doing so. As a result, their £100,000 investment fell to a value of a little over £80,000.
We acted on their behalf and sought compensation for the lost capital and for interest that could have been obtained from a more suitable investment aligned with their cautious risk profile.
We successfully recovered over £30,000 in compensation for Mr and Mrs A, helping to restore their financial position following the unsuitable financial advice they received.
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Mr and Mrs C from Leicestershire asked for a secure investment to fund their retirement. Despite this, they were advised to invest £280,000 into a high-risk bond. When the investment fell in value, we acted on their behalf and successfully recovered £37,500 in compensation.
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.
Despite asking for safe income, Mr S was pressured into a tech fund that wiped out his savings. The bank ignored his risk profile and charged hidden commissions. We secured over £16,000 in compensation.
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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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