BOND COMPENSATION CLAIM SERVICE

High income investments which may also called precipice bonds have been a feature of the financial landscape for a very long time however recently they have been the centre of a massive financial scandal known as ‘misselling’ involving some of Britain’s best known investment companies which has resulted in thousands of no win no fee bond compensation claim settlements.

The basic principle of this type of investment is that a large number of ordinary people place their money in the hands of a so called financial expert inevitably operating under the protection of a limited company and that aggregate batch of money or ‘fund’ is invested on the stock market. All well and good if the market is rising or if the dealer has exceptional, unusual and virtually clairvoyant skills whereby the fund has an inexorable rise providing increased capital and substantial income however if the dealer is a mere mortal and invests in a falling market the chances are that both the capital value of the fund and the income will diminish. Therein lies the crux of the problem as the stock market fell rapidly at the end of the 1990’s and many investors were not warned that the capital value of their investment could go down which is the reason for most of the current no win no fee bond compensation claim applications. In many cases the salesman deliberately failed to give this information and in some cases actually lied about the security of the capital sum by indicating that it was guaranteed.

This type of financial transaction is governed by the Financial Services Authority (FSA) which delegates investigation to the Financial Ombudsman Service (FOS). Claims can be made to the FSA and FOS on an individual basis or on behalf of a group of investors who may have all been deceived by one particular investment company. In addition the FSA can fine firms for bond misselling or in extreme cases can ban firms from being involved in financial business.

As a result of recent decisions and judgements by the FSA and FOS it is now clear that a independent financial adviser (IFA) and product provider must advise clients when buying precipice bonds and similar high risk financial products. Advisors or probably more accurately salesmen have always been, according to recent decisions, required go through a fact find with the buyer before making the purchase in order to establish their needs and what type of investment would be best for them bearing in mind their attitude to risk and to stock market investment.

We are a no win no fee bond compensation claim service and we call upon an experienced team of lawyers, accountants and actuaries to assist our claims team in establishing whether or not an investment has been improperly sold and can advise at an early stage on the prospects of recovery of compensation. If you would like free advice on our no win no fee compensation scheme just complete and send the contact form or call the helpline and an experienced financial claims adviser will discuss your potential claim at no cost and with no further obligation.