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David Hankins from Treharris got back £8,350 from Lloyds

In 1996 Mr Hankins was aged 44 and had saved some money which he wanted to invest for his retirement. He approached his bank, Lloyds, and met with a financial adviser.

Mr Hankins was advised to place his money into a Personal Equity Plan (PEP) as investing in shares over the medium to long term can sometimes produce good returns. The fund recommended was the Equity Income Fund and David left his investment in place for 16 years. At age 60 the value of his investment had grown to £6,624.

David saw our ad on the internet and contacted us asking if we could help because his investment had not lost any of the capital. We reviewed the advice David was given and determined that the Equity Income Fund was not suitable for him as a first time investor because it contained too much risk.

We sent our claim to Lloyds explaining why Mr Hankins was advised wrongly. After investigating the case they agreed with our findings and paid him £8,371 to compensate for the unsuitable advice he had received. This amount covered the returns David could have received if he invested in a more suitable fund with less risk.

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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
William Thornley from Bolton got back £21,400 from Halifax
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
Alan Parton from Bolton got back £15,500 from Lloyds
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.
Stuart Snowden from Hull got back £7,000 from Santander
William Miller This was a fantastic result I never expected. My sincere thanks for such a prompt and efficient service.
William Miller from Yeovil got back £37,900 from Lloyds
Margaret Long I am so grateful to your company but especially to Steve Wise for getting me the money back
Margaret Long from Stockport got back £1,500 from RBS/Natwest
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.
Janet Rynkiewicz from Manchester got back £26,700 from Halifax
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.
Fred Hardman from Rossendale got back £6,916 from Halifax
Stephen Montague Having investigated the complaint Lloyds TSB agreed that the advice was unsuitable and agreed to pay the clients £10,000.
Stephen Montague from Hull got back £10,000 from Lloyds

Figures shown are before the deduction of our fee.