Please note that you may make a claim directly to your lender and/or the Financial Ombudsman Service without using the services of our firm or incurring any fees.
MIS-SOLD INVESTMENTS OVERVIEW
Mis-sold investment is defined as the deliberate, reckless or negligent sale of products or services in circumstances where the contract is either misrepresented, or the product or service is unsuitable for the customer's needs. For example, selling life insurance to someone who has no dependents is regarded as mis-selling.
Investment mis-selling is a result of improper banking practices ranging from pressure-led sales staff with targets to meet to bad management at some of the country’s leading banks. Bank of Scotland, Santander, Lloyds, Barclays and First Direct are just some of the banks that have been fined for mis-selling investments.
Elderly clients were often targeted as they are more likely to have significant savings. Others included people who had raised capital from property sales, businesses or other assets, and were quickly contacted by their bank enquiring about investment opportunities.
You can claim back your losses if:
- You were sold an SIPP or poor returning annuity.
- You were sold an investment without having been properly advised of the risks.
- Your personal circumstances or attitude to risk were not properly considered.
- You were advised to invest all or most of your savings into a single investment.
- You were advised to unnecessarily transfer a pension.
- You were sold a property fund investment.
- Your pension is worth a little more or even less than the contributions you paid into it.
- You were sold a guaranteed investment plan/bond and, although you received your money back, you have lost years of interest.
- You were not made fully aware that you might have lost money overall at the end of the agreed investment period.
- You were not made aware of how much money you would stand to lose over the investment.
- You were not told about how the investment product worked.
- You did not have the terms of the investment fully explained, including the financial penalties for taking out your money early.
- You were not told of the annual management charge.
- Your advisor did not take due care and consideration over what you hoped to achieve from your investment.
- Your advisor did not enquire as to what the returns were earmarked for, such as retirement, school fees, health care, and so on.
- Your advisor did not ensure that you had a good level of investment understanding.
- You were not asked if you held other investments.
- The alternatives were not explained if the investment proved unprofitable.
If any of these circumstances apply to you, you can make a claim for your mis-sold investment.
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HAVE YOU BEEN A VICTIM OF AN INVESTMENT SCAM?
Investment scams come in many forms and can be difficult to spot. It is becoming increasingly common for criminals to use Instagram and other social media platforms to lure victims into investment scams. These scams can take a variety of forms, such as care home investment scams, property investment scams, gold mine investment scams, whiskey investment scams, car park investment scams, fake investment scams, and many more.
Scammers will often promise high returns with minimal risk, so it can be tempting to invest your money. But this is not a wise decision, as investment scams are often fraudulent and victims can lose their hard-earned money.
Investment scams can be hard to spot, but there are some tell-tale signs to look out for. These include promises of high returns without any risk, requests for large upfront payments, and requests for personal information such as bank accounts and credit card numbers. If you receive any of these messages, it is important to be vigilant and not to invest your money.
In addition, it is important to be aware of the latest investment scams. Recent scams include dating investment scams, cash app investment scams, currency investment scams, boiler room investment scams, film investment scams, container investment scams, and angel investment network scams.
If you have been a victim of investment fraud, it is important to take action. Ingram Toft is a FCA regulated Claims Management Company which can help you to get compensation for your loss. They have a team of experienced, knowledgeable and dedicated specialists who are committed to helping victims recover the money they have lost.
At Ingram Toft, they understand the difficulties that victims of investment fraud face and will work hard to ensure that you get the compensation you deserve. They have a team of experts who are knowledgeable about the various types of investment scams and can help you to assess your case, identify the scam and recover your money.
So, if you have been a victim of investment fraud, make sure to contact Ingram Toft to get the help and support you need. They are dedicated to helping victims recover the money they have lost and will work hard to ensure that you get the justice you deserve.