What is mis-selling? | A Guide to Financial Mis-selling
Financial mis-selling is on the rise. However, for some it remains unclear what constitutes financial mis-selling and what you should do if you believe you have indeed been mis-sold to.
Berkeley Burke and Mis-Sold SIPP
The recent collapse of the SIPPS arm of pension provider Berkeley Burke has highlighted the issues faced by many consumers who continue to receive bad advice on their personal investments.
Mis-Sold Pension Claims Double in Recent Years
According to figures released by the Financial Services Compensation Scheme (FSCS), compensation pay outs to savers badly advised to transfer money away from defined benefit (DB) pensions have doubled over the past two years.
FCA to Ban Promotion of Mini-Bonds to Small Investors
The Financial Conduct Authority (FCA) recently announced plans to ban the marketing of mini-bonds to casual investors – a ban which is set to come into action from the 1st January 2020. The decision comes after the FCA were criticised for their handling of the London Capital & Finance scandal, which happened at the start of 2019.
Could You be Owed Compensation for a PCP Scheme?
Personal Contract Purchase (PCP) schemes are a useful way to get the vehicle you want, without spending out a huge lump sum. Thousands of people across the UK have used a PCP as a loan to pay off the cost of their car, but unfortunately, there’s a catch. While some of these schemes are solid, others were poorly sold – with customers signing up, without being told about the financial risks.
What the Collapse of London Capital & Finance Tells Us About Mis-Sold Investment Bonds
The appeal of mini-bonds (on paper) can’t be denied. With returns of 6.5% to 8%, London Capital & Finance’s offerings certainly attracted many investors, keen to maximise their profits. However, when the company collapsed earlier in 2019, it left over 11,000 customers out of pocket.
Greenwashing: Mis-sold Ethical Investments
In these environmentally-aware times, increasing numbers of people are keen to invest in sustainable products. However, doubt has been cast over just how eco-friendly or ethical these investment products actually are. In fact, it’s become such an issue that the FCA have promised to tackle the problem head-on.
The annuity mis-selling scandal: are you eligible for compensation?
When the government offered retirees more freedom with their pensions in 2015, thousands signed up for annuities in the belief they would benefit from a sustainable income that reflected their personal circumstances.
How do you know if you have been mis-sold an ISA?
Individual Savings Accounts (ISAs) have become one of the most popular methods of investment for many people due to the high levels of tax efficiency they offer.
Examples of financial mis-selling
Financial mis-selling refers to a situation in which you, the client, were sold a financial product without receiving the right information.
What to do next?
Simply pick up the phone and call one of our friendly experts today on 0808 163 1659.
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Customer Stories
We've helped thousands of people win compensation as a result of unsuitable financial advice.
Please note the amounts shown are before the deduction of our fee which is 40% plus Vat – total 48%.
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
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
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 £10,000.