Mr and Mrs C received

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

We sought to recover the loss of both capital and interest that they had suffered due to the poor advice and actions of their financial adviser

They had no previous investment experience and arranged a meeting with a local financial adviser to discuss their options. He recommended an investment that completely contradicted Mr & Mrs C’s requirement for a low risk product. The sum of £280,000 was placed into a high risk investment bond for a minimum 5 year term. This amount represented nearly all of Mr & Mrs C’s savings and they were left with only a small amount of available cash to use while the investment was running.

When the investment matured, it had a value of less than £264,000. They approached us for advice and we acted on their behalf in a claim for compensation. We sought to recover the loss of both capital and interest that they had suffered due to the poor advice and actions of their financial adviser. We negotiated a settlement of their claim and they received £37,500 as compensation.

We are a firm of solicitors who specialise in negligence law with over 20 solicitors dedicated to this area. We have pioneered the use of “No Win, No Fee” Agreements in negligence law since their introduction in the 1990s. We only take cases on if we are able to offer a “No Win, No Fee” Agreement. Furthermore, the insurers who pay our clients compensation are also obliged under English Law to pay our legal costs on top and therefore, usually from the onset of the case, we can confirm with our clients that, if unsuccessful, they will pay nothing.