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A mis-sold investment occurs in many ways. Whether you were contacted directly by a licensed investment company or were working with an Independent Financial Advisor (IFA). They have a duty to protect your money from investments that are not suitable for your financial situation.
Mis-sold investments are often the result of financial advisors or brokers being negligent or greedy. Some of these high-risk investments offer a larger commission to the broker or IFA and often causes them to overlook their duty to you.
Although losing money in a high risk investment is not eligible for compensation in itself. You could be owed money back if any of the following apply;
Mr. G lost £6,000 on an unsuitable investment.
He was awarded £14,528 compensation.
Mr. P was mis-sold shares and lost £7,225.
He was awarded £16,898 compensation.
Your financial advisor or broker would be negligent if they advised you to invest your pension or money into any of the following high risk investments:
In order to be able to claim compensation for any of the above types of investments. The company or financial advisor you worked with must have been licensed at the time and they must have provided you with advice that you then acted upon and as a result lost money.
If you have invested in any of these types of investments or others that were more risk than you were prepared for, you could be entitled to compensation. Please fill out our registration form so that a claims expert can review your case with you.
The mis-selling of investments goes back many years and covers thousands of victims across a wide variety of financial products. It is estimated that there is as much as £10 billion of mis-sold pensions and these victims are owed compensation.
If you believe you have been effected by financial mis-selling please fill out our contact form and a claims specialist will contact you to evaluate your case.
Start your claim
You do not need to use any third party to present a claim to either The Financial Ombudsman Service (FOS) or the Financial Services Compensation Scheme (FSCS). You can make your own representation to them and their services are free.
Tower Hill Group Ltd is a limited company registered in England & Wales, registration number 12620190.
Tower Hill Group Ltd is registered with the Information Commissioners Office (ICO), registration number ZA760652.
The registered office is Kemp House, 152-160 City Road, London, UK, EC1V 2NX.