Mr H from Berkshire received

He sought advice on retirement planning options from a financial adviser and made it known that he required a low risk option that would provide security of capital and a reasonable rate of return.

He was persuaded to transfer £33,000 of his pension into a property fund investment where the level of risk greatly exceeded that which he was prepared to take. He was not advised that the fund he invested into was both volatile and an unregulated scheme.

The entire amount of the investment was lost in a period of little over 4 years. Mr H approached us for advice and we agreed to represent him in a no win, no fee claim to compensate him for the full capital amount he had lost, plus interest in addition.

The Defendant denied liability in full and we therefore brought Court action against them. We were able to agree a settlement of the claim without the need for a Court hearing and Mr H received compensation of £50,000.

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