If you were advised to invest in a product that was unsuitable, you could be entitled to compensation. Mis-sold investments can take many different forms.
Call us now and find out if you have a claim
The assessment of whether an investment is suitable for a client will depend on a number of factors unique to the client, including:
- The client’s aim and expectation in making the investment
- The client’s attitude to risk
- The client’s knowledge and experience of investments
- The client’s financial circumstances
Examples of Mis-sold Investments
These are examples of when an investment may have been mis-sold:
- You were not appropriately advised of the risks associated with the investment
- The level of risk associated with the investment was not in line with your attitude to risk
- You were not told that an investment was high risk
- You were not told how your money would be invested or given any control over the investment decisions
- The investment has not produced the return that was promised
- You were encouraged to borrow money to fund the investment (i.e using a credit card or personal loan)
- You were encouraged to cash in your pension to fund the investment
- You were pressurised into making the investment
To determine if an investment has been mis-sold it is important to understand a client’s individual case and to tailor the assessment of suitability to that client.
If you can relate to any of the above examples then you may be eligible to compensation due to a mis-sold investment. We would encourage you to contact Oakwood Solicitors free of charge to discuss your circumstances and we can tailor our service to meet your needs.
Types of Investment Mis-Selling
The below list is a non-exhaustive list of the types of investments that are most commonly mis-sold:
Any of these types of investments could be mis-sold. If you have been advised to invest in any of these products, then you could be entitled to compensation.
What should you do if you think you have been mis-sold a financial product?
If the business that advised you to invest in the product is still trading, then you need to raise a complaint to the business directly. The business will be required to respond to this complaint under their complaints procedure. If you are not satisfied with their response or they fail to respond, then you can refer your complaint to the Financial Ombudsman.
If the business is no longer trading or does not have the financial means to compensate you for your losses, then you may be able to make a claim through the Financial Services Compensation Scheme (FSCS).
The FSCS is a compensation fund that protects consumers who have a claim for compensation against an authorised financial services firm that are unable to pay compensation directly.
If you would like our specialist team to assist you in making a claim either to the firm directly, to the Financial Ombudsman or the FSCS then get in touch with us and we will be happy to handle all aspects of your claim. Our specialist team can represent you on a no-win, no-fee basis giving you complete peace of mind that you will only pay for our service if you receive compensation.
What will Oakwood Solicitors do for me?
- We will allocate you a dedicated lawyer with specialist knowledge and expertise to handle your claim from beginning to end and make the claims process hassle-free and as simple as possible
- Your lawyers will offer you a FREE initial consultation whereby they will consider your claim and advise you on the prospects of success
- Do not worry if you do not have any documentation to support your mis-sold investment. Your lawyer will obtain all the required documentation to be able to advise you on the value of your claim and ensure that you recover the compensation owed to you
- Your lawyer will keep you regularly updated throughout the claims process and will be on hand to offer advice and support throughout the claims process.
We pride ourselves on offering a five-star service to our clients. Take a look at our testimonials to see what our previous clients have said about the service offered to them.
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WHAT TO DO NEXT
If you believe or feel you have a claim against Financial Page Limited and you have been mis-sold an investment, contact us for a free initial consultation regarding your options by email, or alternatively – call us on 0113 306 9024.
