Alan Cotton from Manchester received £15,000 - L & G
Alan had been a customer of Northern Rock for many years when he invested with them in 2005. The bank staff had been pressurising him to meet with one of their advisers when they noticed that his balance was substantial following his early retirement. Eventually, he agreed to meet with the adviser and proceeded to take his advice to invest into a Legal & General Bond despite the fact that he had actually earmarked the money to buy a rental property.
After a couple of years, Alan noticed that the value of his investment had dropped by over £2000 and as he could not afford to see it drop further, decided to surrender the investment and suffer the loss.
Alan saw an advert for Goodwin Barrett and decided to give us a call as he felt disappointed with the investment performance and the advice he was given. When we looked into his case we realised flaws and inconsistencies in the advice he had been given.
After receiving details of our claim Legal & General paid out over £15,000 in compensation.
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