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£37,500 Recovered for Mr and Mrs C – Mis-sold High-Risk Investment Bond

Background: Business Sale and Retirement Planning

Mr and Mrs C from Leicestershire had a considerable amount of capital following the sale of their business. Their intention was to place this money into a secure investment that would provide a reasonable rate of interest while safeguarding the capital. They did not want an investment with any element of risk, as the money was intended to fund their future retirement.

Unsuitable Advice from a Financial Adviser

Having no previous investment experience, Mr and Mrs C arranged a meeting with a local financial adviser to explore their options. Despite their clear requirement for a low-risk product, the adviser recommended an investment that directly contradicted this. The couple invested £280,000—nearly all of their savings—into a high-risk investment bond, locked in for a minimum five-year term, leaving them with very little accessible cash during this time.

Losses on Maturity and Seeking Legal Advice

When the investment matured, it had dropped in value to less than £264,000. Mr and Mrs C then approached us for assistance. We acted on their behalf in a claim for compensation, seeking to recover the loss of both capital and interest caused by the financial adviser’s poor advice.

Successful Outcome – £37,500 Compensation Recovered

Following negotiations, we secured a settlement of £37,500 for Mr and Mrs C. This compensation helped offset the financial impact of the mis-sold investment and restore some of their lost retirement savings.

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