Ever had an investment sold by your bank or building society?

Even if it was sold as long ago as 1990, you may be ENTITLED TO COMPENSATION. Bank investments were often just too risky or didn’t match your needs. Even if you got your money back 3 or more years later with no gain or a small profit there may still be a loss and compensation may be due.

In December 2013, Lloyds,

Halifax and Bank of Scotland were fined £28 million for giving bad advice and incentivising sales staff unfairly. These ‘advisers’ invested over £2 billion of customers’ savings in 15 months earning big bonuses, but many people like you made big losses. Banks knew when a large sum came into your account from a legacy, a lottery win or a pension lump sum and tipped off their sales teams illegally.

Many people were sold investments which they were told would guarantee their money back after 3-6 years and they had a chance to make more if the stock-markets did well. Some of these products were not appropriate as the risks were not properly explained and some of the terms – like those in NatWest’s GCB - meant that the chances of beating a standard savings account were so small that many customers should not have been advised to take the risk!

These rackets have been going on for 25 years and almost all banks, building societies and investment companies have been fined for bad practices (see table). So if you did badly on an old investment, take the first step to win back your losses. Call us for free on 0800 0232 973.