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Mis-Sold With Profit Bonds

With Profit Bonds are designed to be suitable for investors who require low risk or cautious investments. These bonds take a lump sum investment and place them in a range of different asset classes – from corporate bonds to commercial property and equities – which creates enough diversification to spread the risk for investors.

With Profit Bonds can provide a customer with an income or they can provide capital growth. Unlike other types of bonds, the value of the units purchased in With Profits Bonds won’t change on a daily basis. An annual bonus is added instead, depending on the performance of the underlying investments.

In good years, the bonus awarded may be less than the capital growth achieved, which allows the fund manager to keep some bonus in reserve. Sometimes this results in bonuses being added to the fund even if the bond didn’t perform well.

Cautious investors prefer this management approach, known as “smoothing”, because they don’t want to risk volatility in their investment.

Were you mis-sold a With Profit Bond?

With Profit Bonds may have been mis-sold if you weren’t made fully aware of the various charges and penalties that accompany them. If you received a penalty on your bond and weren’t informed, you may be able to pursue a claim for mis-sold With Profit Bonds compensation.

Some investors, for example, received a penalty on their With Profit Bond and weren’t informed. The penalty, known as a Market Value Reduction (MVR), was originally designed to ensure that all investors in the fund received a fair share of the value, and were applied during periods when performance was poor.

In another example, some investors were hit with a penalty for trying to get hold of their investment early. If you weren’t made aware that a penalty would be applied, you may have been misled to believe that you could take an annual income from your savings plan and cash it in whenever you wanted.

Claim for With Profit Bonds Compensation

At Goodwin Barrett, we know what risks With Profit Bonds carry and exactly how they are mis-sold. It’s our mission to help clients claim for With Profit Bonds compensation.

If you believe you have been mis-sold a With Profit Bonds, call our experts on 0808 163 1659 to make a claim, or fill out our call back box and we’ll get back to you straight away.

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William Thornley

from Bolton
received
£21,400
compensation from Halifax

Alan Burke

from Bolton
received
£34,800
compensation from Santander

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Customer Stories

We've helped thousands of people win compensation as a result of unsuitable financial advice.

William Thornley I’m absolutely delighted with the service we got from Goodwin Barrett, I couldn’t believe how easy it was and i’ve nothing but praise for them
Alan Parton This was an excellent result which my wife and I never expected. My sincere thanks to you for such an excellent achievement, I cannot thank you enough
Stuart Snowden 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.
William Miller This was a fantastic result I never expected. My sincere thanks for such a prompt and efficient service.
Margaret Long I am so grateful to your company but especially to Steve Wise for getting me the money back
Janet Rynkiewicz We reported our findings to Halifax and within a matter of weeks had secured our client the sum of £26,700 in compensation.
Fred Hardman After we sent a detailed complaint to Halifax, Fred was delighted to receive £6,916 from the bank in a matter of weeks.
Stephen Montague Having investigated the complaint Lloyds TSB agreed that the advice was unsuitable and agreed to pay the clients £10,700.