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Already retired and in poor health, Mrs L was advised to remortgage her property and invest the proceeds into a commercial property fund.
The level of risk involved with this investment far exceeded what she was prepared to take. The value of the investment fund deteriorated to such an extent that it wouldn’t cover the capital amount owed on the mortgage at the end of its term. She had to sell her property and downsize as a result.
We represented Mrs L and recovered £70,000 in compensation for her losses.
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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.
Mrs R’s adviser ignored her low-risk profile and recommended a volatile investment. She suffered significant capital loss but we helped recover £17,000 in compensation.
Upon retirement, Mr H from Sheffield was advised to invest his savings into a SIPP focused on commercial property. The high-risk investment led to significant losses, but we secured £170,000 in compensation for him.
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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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