Making a claim for Mis-selling

Mis-sold Investments & Financial Products

Financial mis-selling typically occurs when the advice given by a financial advisor is unsuitable or involves too much risk for your circumstances. Products and services include pension transfers, investment products, tax mitigation schemes, secured loans, and equity release schemes.

If you have been advised to take out a product or investment and the professional has not fully explained its suitability, or if they are unqualified to advise in this area, then you may be able to claim compensation for your financial loss as a result of negligent advice.

Your Free Guide

6 Steps to make a Professional Negligence Claim

If you suffered a loss because a professional was negligent, download our free professional negligence guide now. Designed by our professional negligence legal team, our guide walks you through the 6 steps to making a professional negligence claim.

Warning signs

Financial advisers and other professionals are under a regulatory duty to make sure that the pension, investment, or financial product they have recommended or sold you is suitable and appropriate for your personal needs and objectives, especially in terms of the risk involved.

Risk level is very important, and some products, such as property funds or exotic sounding funds can be more high risk than you think. It is important that you understand exactly where your money is being invested. Financial products can be complicated, and it is not easy to tell whether a pension or investment is too high risk or just not suitable for your needs.

If you’ve been advised to put your money in a product that is too high risk or not suitable for you, there is an increased likelihood that you will lose money.

What can you claim for?

If you have been the victim of financial mis-selling, you may be able to make a claim for the money you have lost, the money that you could have made had you not been mis-sold the financial product in the first place, and interest on that money.

Investments covered by a negligence claim

We can advise on claims relating a wide range of investments including:

  • Unregulated collective investment schemes (“UCIS”)
  • Commercial property funds
  • Guaranteed investment bonds
  • High risk investment portfolio
  • Off shore investments
  • Derivatives, including
    • Contracts for difference (CFD);
    • Options; or
    • Futures
  • Tax mitigation schemes, including
  • Stamp duty land tax schemes (SDLT Schemes)
  • Interest Rate hedging products
  • Self-Invested Personal Pension (“SIPP”) claims including green energy investments
Time is of the essence – don’t delay

Although it is tempting to wait to see if the market might pick up, this is a risky strategy. Time limits can be surprisingly short and delaying can find you without a remedy.

Your next steps

If you believe you have suffered from professional negligence, contact us without delay. We have specialised experience of the complex regulatory regime which governs the financial sector, including the Financial Conduct Authority (“FCA”) and the Conduct of Business Sourcebook Rules (“COBS”).

If you suffer loss because of bad or negligent financial advice then you may be able to recover your money, as well as the money you could have made, had you been advised properly.

Alex Williams

Alex works in professional negligence, contentious probate, and court of protection litigation. He also has a particular specialism in negligence claims in the financial services sector, including cases against financial advisers and pension providers relating to negligent mis-selling and mismanagement of both pensions and investments.

Read More About Alex
Alex was extremely helpful and professional and took a huge amount of stress away by dealing with my case very quickly and efficiently. I was given constant updates and was informed of any developments. I can’t recommend Alex and his team enough.

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