When we make important financial decisions, we often rely on the advice of professionals to guide us. Financial products can be complicated and those that advise on them have considerable knowledge that a consumer cannot be expected to have.
Whether it be bankers, financial advisers, or investment managers we need the insights of those most familiar with the nitty gritty of financial regulations to help us make the best, most informed decision.
But what happens when that advice leads to financial loss?
If you’ve lost money due to poor financial advice, you may have a right to claim compensation. While all investments carry risk, here we explain how you can tell if an investment was mis-sold to you and how to claim back redress.
Warning signs of a mis-sold investment
Mis-sold investments are more common than you think. Many everyday products like ISAs, Managed Portfolios, With Profit Bonds, and OEICs have been at the heart of complaints in recent years. Whether it’s an Investment Bond or a Unit Fund, if you were advised without being properly informed about risks, fees, or suitability, you might have been mis-sold.
- The advice you received was clearly unsuitable
- Risks weren’t fully explained
- You were left in the dark about charges or fees
- You felt pressured into making a decision
- The product didn’t suit your financial needs
If any of this sounds familiar, it’s time to act. Financial advisers are regulated for a reason and when they get it wrong, you deserve redress. You could actually recover some or all of what you’ve lost.
Make a mis-sold investment claim
If you want help getting redress for a mis-sold investment we can recommend a provider of legal assistance:
Charles Lyndon has a financial litigation team who specialise in investment mis-selling. They’ll be able to help you understand if you have suffered financially due to bad advice and, if so, how to claim the compensation you deserve.
Don’t let poor advice cost you your financial future. Charles Lyndon can help you put things right.
Make a mis-sold investment claim
If you have any thoughts on this topic, or any other consumer issues you would like us to cover, feel free to get in touch with us at support@resolver.co.uk.