Barclays Investment Mis-Selling
Have you ever been advised by Barclays to invest in something which you didn’t fully understand? Has it resulted in you losing some, or all, of your cash? Or do you feel it hasn’t generated the return you expected?
Barclays are one of many high street banks found to have mis-sold investments and other financial products to their customers, from complex investment trusts to ISA accounts.
Winning a Barclays investment compensation claim
Taking on a bank can be daunting, especially one as large as Barclays. They can use complicated terminology and small print to discourage you.
We specialise in recovering your money if you’ve been a victim of investment mis-selling by Barclays. Our team of experts has years of experience successfully reclaiming thousands of pounds in compensation, and we’ll handle the process from start to finish.
More about Barclays investment mis-selling
Barclays has set aside millions of pounds in compensation for their investment mis-selling. Under former CEO Bob Diamond, the bank was embroiled in a succession of high-profile scandals, and it appointed Antony Jenkins as its CEO in August 2012 as part of a pledge to clean up its act.
In one of the most notable cases to hit the headlines, Barclays was slapped with a record £7.7 million fine and ordered by the Financial Conduct Authority to reimburse £70 million to customers who were mis-sold investments. The punishment served to bring the issue of Barclays investment mis-selling to light for a number of customers: in the months following the fine, newspapers reported that the number of complaints received specifically about mis-sold Barclays investments rose by 77%.
In 2014, Barclays was no longer top of the Financial Ombudsman’s list of banks who turn down legitimate complaints from customers. But despite the improvement, the Ombudsman reported that they upheld 66% of complaints rejected by Barclays in 2014 – proving that they’re still one of the worst offenders.
Many customers have been affected by a mis-sold Barclays investment. We can help make sure there is no repeat by claiming on your behalf, ensuring you get back what is yours. Contact us today to speak to an adviser.
How to know if you were mis-sold by Barclays
At the time of investing, did your Barclays adviser:
- Ask you how comfortable you feel about risky investments?
- Check your knowledge and experience of financial products?
- Discuss other options available?
- Clearly explain, in person or in written form, the benefits and risks of your product?
Did you answer “no” to any of the above? Are you unsure? Do you just want to find out more about the process? Contact Goodwin Barrett today for a free consultation; we can help you claim compensation on a mis-sold investment product from Barclays.
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- Hassle-free process.
- No lengthy paperwork to complete.
- No upfront fees. *
- Your own dedicated claims expert.
- Claims settled within 6 weeks on average. **
- Over £80 million reclaimed for clients. ***
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We've helped thousands of people win compensation as a result of unsuitable financial advice.
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After sending a report to Santander, they agreed with our findings and awarded Mr Snowden an amount of £7,000 made up from a refund of the losses together with interest and compensation.
This was a fantastic result I never expected. My sincere thanks for such a prompt and efficient service.
I am so grateful to your company but especially to Steve Wise for getting me the money back
We reported our findings to Halifax and within a matter of weeks had secured our client the sum of £26,700 in compensation.
After we sent a detailed complaint to Halifax, Fred was delighted to receive £6,916 from the bank in a matter of weeks.
Having investigated the complaint Lloyds TSB agreed that the advice was unsuitable and agreed to pay the clients £10,700.