Mis-sold or mis-managed commercial property investment

  • No Win, No Fee
  • No hidden charges
  • Over 13 years experience
  • Specialist solicitors
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Is This You?

  • Were you advised to invest money in a commercial property fund which has either fallen in value or achieved no growth?
  • Have you invested in a commercial property fund where trading has now been suspended?
  • Did your financial adviser fail to make you aware of the risks involved with investing into a commercial property fund?
  • Has your pension fund been affected by losses on a commercial property fund?

If any of these apply to you, then you may have grounds for bringing a No Win No Fee claim.

Please call Neglect Assist for free, no obligation advice on 0800 152 2620 or fill in the form and we’ll call you back.

Who are we?

We are an award-winning team of solicitors who specialise in professional negligence and financial loss claims. We use our many years of experience and knowledge in this area to obtain and scrutinise relevant documents from financial advisers, pension companies and other associated entities. Using our specialist knowledge of the law of contract and negligence we identify any grounds for action. We submit written complaints, detailing every allegation and are successful in most of our cases.

How much am I entitled to?

If you can successfully show that you have suffered financial loss due to the negligent advice or actions of a financial adviser or money manager, you can seek to claim compensation for the capital losses sustained, plus additional amounts for loss of interest for the period of the investment.

The amount awarded should put you in the position that you would have been in had no wrong been done. Details of some of our recent settlements are as follows;

Mr H from Sheffield
received
£170,000

He met with a financial adviser upon retirement and was persuaded to place money into a Self Invested Personal Pension (SIPP). This invested heavily into commercial property and he suffered significant losses of capital due to the high risk nature of the funds invested into.

Mrs L from Essex
received
£70,000

She was retired and suffering from ill health when she was persuaded to remortgage her property and invest the proceeds into a commercial property fund.

What do we charge?

We offer an absolute and guaranteed No Win, No Fee agreement, it’s that simple. If successful, we take a fee of up to 20% (plus 4% VAT) * Of the award of compensation. If unsuccessful, our clients pay us nothing.

* We reserve the right to apply a deduction in more complex or higher risk cases of up to 30% plus VAT. Typical examples might be where there are multiple parties to claim against, where time limits for claiming may have passed or new areas of law are tested.

About claims for losses on Commercial Property Fund Investments?

In recent years, Commercial Property funds have become a common and widespread method of investment. Recent figures show that around £35 billion is currently invested in such funds in the UK.

At a basic level, the value of such funds are determined by the value of the properties held within it and the level of income they can generate through commercial rents. If, therefore, the property market were to experience a fall in value then it is likely that the value of a commercial property investment fund would likewise depreciate.

There is currently a period of economic uncertainty in commercial property markets which has been compounded by the recent referendum vote for Britain to leave the European Union. This could potentially have a negative impact on the value of commercial property funds.

The present unstable market conditions have recently led to some of the major providers of commercial property funds suspending withdrawals of investments held within them. These include;

  • M&G (£4.4 billion value)
  • Standard Life (£2.9 billion value)
  • Canada Life
  • Henderson Global (£3.9 billion value)
  • Aviva (£1.8 billion value)
  • Threadneedle UK

Other providers, such as Aberdeen Asset Management are currently charging additional levies for withdrawals on these funds. This could lead to individuals suffering significant financial losses on investments held within commercial property funds.

Financial advisers and money managers should have been aware of the volatility within the commercial property markets and of the potential negative impact that a vote for Britain to leave the EU could have on fund performance.

It may have been inappropriate for financial advisers to recommend new investment into commercial property funds, particularly for pensioners reliant on an income from such investments. Furthermore, existing investment portfolios and pension funds should have been reviewed to ensure a balanced distribution of investment across a variety of different funds and asset classes.

This would have potentially reduced the level of exposure for an individual to risk within the commercial property sector and helped to minimise any financial loss.

If you have suffered financial loss due to a financial adviser or money manager giving inappropriate advice on a commercial property fund investment, or failing to properly review or manage existing investments, then we may be able to help you bring a No Win No Fee claim for compensation.

Financial advisers and wealth management companies typically have indemnity insurance or other funds to cover the cost of such claims.

If you feel this issue affects you, then please telephone for free, without obligation advice on 0800 152 2620 or leave your details and we’ll call you back.

The potential impact on pension funds

Investment can be made into a commercial property fund either as a lump sum or alternatively by using a proportion of money held within a pension fund.

The majority of pensions will invest in a range of different funds and it may not be immediately apparent to the pension holder whether they hold investment in commercial property or what percentage of the overall fund is invested in this way.

We would advise people to check with their financial adviser or pension provider as to how much of their pension is currently invested in commercial property funds. If a pension has significant investment in such funds, then the overall value of the pension could potentially be adversely affected by uncertainties and fluctuations within the commercial property markets.

Financial advisers and money managers should regularly review pension funds to ensure that the portfolio of investments held within them are balanced and accordingly reflect the risk attitude of the pension holder.

A failure to do this may mean that a pension is invested in higher risk funds than is appropriate. In more recent times, for example, it may have been advisable to move investments out of commercial property and into funds offering more security.

If you have lost money on a pension fund due to this issue, then please contact us on 0800 152 2620 for free advice and potential assistance in bringing a claim for your losses.

FAQs

Can I claim if I have already transferred or withdrawn my investment?

 Yes. We can consider situations both where the investment is ongoing and where the fund has already been cashed in or transferred elsewhere. This applies even if the investment was brought to an end several years ago.

Can I claim if my financial adviser has now ceased trading?

Yes. There may still be professional indemnity insurance held which will cover any successful claim or you may be able to bring an action against the provider or administrator of the fund.

You may also be eligible to claim compensation through the Financial Services Compensation Scheme (FSCS) if there are no other viable sources to claim through. If the company you received advice from is no longer trading, then please contact us so we can discuss the options available to you.

How much am I entitled to?

If you can successfully show that you have suffered financial loss due to the negligent advice or actions of a financial adviser or money manager, you can seek to claim compensation for the capital losses sustained, plus additional amounts for loss of interest for the period of the investment.

We can investigate and advise upon the level of loss suffered and may be able to represent you in a No Win No Fee claim.

What do we charge?

We offer an absolute and guaranteed No Win, No Fee agreement, it’s that simple. If successful, we take a fee of up to 20% (plus 4% VAT) * Of the award of compensation. If unsuccessful, our clients pay us nothing.

* We reserve the right to apply a deduction in more complex or higher risk cases of up to 30% plus VAT. Typical examples might be where there are multiple parties to claim against, where time limits for claiming may have passed or new areas of law are tested.

What if my claim has already been rejected?

We will still look at this for you. We have taken on and been successful in many claims that have previously been rejected by financial advisers and pension companies and which have also rejected using other industry complaints procedures such as the Financial Ombudsman Service.

Will I have to fill out loads of paperwork?

No, we will be able to do most of the necessary paperwork for you and we can obtain any relevant documents on your behalf. You will have to check the details of your claim before it is submitted, but we will assist you with this.

What do I do now?

Call us on 0800 152 2620 or email us. There is absolutely no obligation to proceed and if you tell us what’s happened, we will briefly explain if we think you have a claim and the procedure for filing a claim and the time limits that apply.

NO WIN, NO FEE

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Mis-selling or mis-management by a SIPP Operator?

Have you suffered financial losses on a SIPP operated by a SIPP operator? If so, then you may have grounds for bringing a No Win No Fee claim.

Some SIPP operators have entered into dealings with third party advisers who are not authorised and regulated by the Financial Conduct Authority to give pension or investment advice. This is despite their regulatory body publishing alerts and giving warnings against such actions.

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Mis-sold or mis-managed investment or pension?

  • You were sold an investment without having been properly advised of the risks
  • Your personal circumstances or attitude to risk wasn’t properly considered
  • You were sold a SIPP or poor returning annuity
  • You were advised to invest all or most of your savings into a single investment
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