Financial mis-selling is when you have been sold a financial investment or product such as a pension or mortgage that wasn’t suitable for you. If you believe that you have been mis-sold a financial investment or product, then talk to us today for free, initial advice on getting your money back.
Financial mis-selling can arise in a number of ways, for example, you may not have been given suitable and appropriate advice about a financial product or investment; or the risks of a particular investment were not fully and clearly explained to you; or you were not treated fairly as an investor and, as a result, have then ended up with an investment that was not suitable for you.
Often investors can be compensated for any financial losses they may have suffered as a result of a mis-sold financial product. Such compensation can often include a sum of money to compensate the investor for the distress caused as a result of the mis-selling.
If you have been mis-sold a financial product such as an investment, pension or mortgage, you may be entitled to compensation or to claim some of your money back. Speak to one of our specialist financial mis-selling solicitors today to find out if we can help recover you money.
Investors that have been mis-sold a financial product can (and should) ask to have the matter put right. If the adviser is still trading then the initial complaint should be taken up with the adviser concerned. If no response to the complaint is received, or the response is unsatisfactory, then in certain circumstances the complaint can then be taken up with the Financial Ombudsman Service (FOS). In all cases, the complaint should be in writing.
If the firm who gave you unsuitable advice is no longer in business, or is not able to compensate you, you still may be able to get compensation from the Financial Services Compensation Scheme (FSCS). Our experienced solicitors will be able to guide you through the compensation process.
Strict time limits apply for the bringing of complaints for mis-sold financial products, so if you believe that you have been mis-sold a financial product, and that you have grounds for complaining, then you should make the complaint as soon as possible.