Mr & Mrs S From Leicestershire received

They sold business properties that they owned in order to help fund their retirement and sought advice from their bank on how best to invest the sale proceeds. They made it clear that they required an investment product which would provide income to meet costs and maintain their living standards during their retirement years.

They had a limited knowledge and understanding of investments as they had previously used their money to buy property. As a result, they required a low risk investment option and were completely reliant upon the advice of their bank.

Mr & Mrs S were persuaded to place their property sale proceeds into a managed investment fund which, in contrast to their needs and preferences, contained a higher level of risk than they wanted to accept. After a 6 year period, the fund had increased by a minimal amount. Mr & Mrs S could have achieved a better return by placing the money into high interest bearing deposit products which were available at the time.

They approached us for advice and we agreed to represent them in a no win, no fee claim to recover their financial losses. Their bank initially denied all liability and we therefore pursued the matter through the Court. We were then able to negotiate a settlement of the action without the need for a Court hearing and Mr & Mrs S received compensation of £50,000.

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.