Mr S received

We acted for Mr S who lived on the south coast and worked for the Post office and at 60 had savings in ISAs and deposit accounts. We recovered over £16,000 and compensation for his lost capital and interest.

He was cautious to risk and did not have investment knowledge.

He put his £7,000 savings with them into a Technology Fund but they lost most of his money…

He had been a customer with the Defendants Bradford & Bingley for 20 years. They repeatedly asked him to invest money with them. Eventually he had a meeting with their adviser and they recommended their product.

He just wanted an income until he received his pension. He stressed he wanted to preserve his capital. He put his £7,000 savings with them into a Technology Fund but they lost most of his money.

We recovered over £16,000 and compensation for his lost capital and interest…

He kept it with them as they advised for several years more, but he did not recover what they’d lost, and they charged him commission that he had not been made aware of at the outset. We recovered over £16,000 and compensation for his lost capital and interest.

This was particularly satisfying as his bank knew he did not have investment knowledge and pestered him. He trusted them but they didn’t invest as he asked them to.

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