Mrs R received

The client required a safe haven for these savings as she intended to use them to repay her mortgage as her endowment policy left her with a shortfall of approximately £50,000.

Being inexperienced in the field of investments, the client trusted the advice and recommendations of the adviser…

Our client was unwilling to jeopardise these savings as she was unable to work due to being the sole carer for her elderly mother and terminally ill husband. The adviser recorded our client as a low risk investor but recommended a medium to high risk investment heavily weighted in equities and commercial property. Being inexperienced in the field of investments, the client trusted the advice and recommendations of the adviser.

Our client was unaware of the potential consequences of high level (approximately 50%) of the investment being weighted in equities and commercial property. Accepting the adviser’s recommendation our client invested in the Fund and within three months the client’s investment of £50,000 had fallen to £36,182.52, representing a capital loss of £13,817.48. Alarmed by the decline in her savings our client surrendered her investment receiving the sum of £35,298.14.

We obtained damages for the client in the sum of £17,590.59 which she was delighted with.

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.