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Peter Butler from Truro got back £1147 from Barclays

Peter had been through some difficult personal times and in 1999 he wanted to put some money away on a monthly basis to build a lump sum for his children. He decided to seek advice from the Woolwich where he had an account and was introduced to a Financial Adviser in order to discuss the various options he might have.

Peter was advised to invest £50 per month into a Stocks and Shares ISA and this seemed a good idea as it was affordable to him. He paid his first £50 contribution in May 1999 and continued this until October 2002. The adviser had recommended that the investment remain in place for a term of 5 years or longer so he waited until February 2004 to cash in the investment. After investing a total of £2100 Peter got back just £1849 to pass on to his children. Peter heard Goodwin Barrett’s ad on the radio and got in touch. We discussed his personal and financial circumstances when he invested and it was clear to us he had been wrongly advised. Although a Stocks and Shares ISA can be a tax efficient investment for many people, it is important that the correct level of risk is taken. Peter was advised to invest into the International Managed Fund which is a very risky fund containing shares around the world.

We submitted a claim for compensation to Barclays, who took over Woolwich and are responsible for the advice. We argued that our client was advised to take too much risk, particularly for a first time investor. Barclays agreed with our findings and agreed to pay £1147 to cover the money Peter lost with additional interest.

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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.