Poor Financial Advice

Is your financial investment not providing you with the returns that you were advised to expect by your bank?

Mis-selling means that you were given unsuitable advice, the risks were not explained to you or you were not given the information you needed, and ended up with a product that isn’t right for you.

The person who advises you to buy must recommend something suitable for your needs, and explain properly what it can and can’t do.

They should make sure you know the risks. If they don’t do this, you might be able to claim compensation.

Financial services must be sold to you in a manner that is “fair, clear and not misleading”. (Source: Financial Conduct Authority (FCA))

You may have been mis-sold if-

  • You weren’t advised about the risk involved.
  • You weren’t told how your money would be invested.
  • The product didn’t suit your attitude to risks that you discussed with your advisor.

For you to be covered by the scheme for mis-selling your adviser must have been authorised by the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA).

Even if the company that advised you has gone out of business you may still be able to make a claim.

If you think that you have been wrongly advised contact us today 01942 619911 or by email at info@compiclaims.com and one of our members of staff will advise you if you have a claim for compensation and get things started for you.

Posted on by CCKeith in Uncategorized
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