MIS-SOLD INVESTMENT BOND COMPENSATION CLAIMS

We represent a national network of lawyers, accountants and independent financial advisors who deal with mis sold investment bond compensation claims. This type of investment also known as ‘guarantee income bonds’, ‘precipice bonds’ and ‘with profits bonds’ is at the centre of a current national scandal relating to mis selling which arises when the seller fails to communicate relevant information to the buyer which encourages the buyer to purchase a product that the they would not otherwise buy had all of the information about the product been properly disclosed.

There are many ways in which these products can be mis sold however mis selling most commonly relates to a failure to advise that the purchase money is actually invested in the stock market and that investments can go down as well as up. Failure by the seller to fully disclose all risk can give the investor grounds to claim mis sold investment bond compensation.

The basic principle relating to bonds is that a private company takes contributions from a number of investors and creates a single fund which is then invested in the stock market. The company can often show a reasonable track record to prospective investors with increased value of all managed funds especially when the stock market is rising. Funds set up in the eighties and nineties did appreciate considerably however by the end of the nineties the stock market had faltered and many investments slowed, stagnated or went into decline. Many investors found that their share of the fund was no longer worth the amount they had paid and that they were showing a loss.

The Financial Services Authority which governs the industry has now made it clear that the seller of a financial product is liable to pay the buyer mis sold investment bond compensation in appropriate cases. If the seller refuses to pay compensation or makes an inadequate offer then the buyer has the right to refer the matter to the Financial Ombudsman Service (FOS) who can order the payment of compensation. If the buyer is not satisfied with the FOS decision then the claim can still be taken before a court of law.

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 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.