Mis-sold Investment & Savings

MIS-SOLD INVESTMENT & SAVINGS

Debt Free IrelandWhether it’s a Bond, Equity ISA or any other investment-backed savings plan, choosing where to invest a lump sum or regular savings is one of the biggest decisions we ever make.

It’s also, to some extent, a very emotional one. Bound up in these investments are our future hopes and plans. So naturally, when it comes to making such decisions, many of us turn to experts for advice seeking help from trusted organizations like our banks and building societies, or a recommended IFA (Independent Financial Advisor).

Sadly, many consumers have discovered that such trust was misplaced. According to the Financial Conduct Authority (FCA), the advice that investors receive should be ‘clear, fair and not misleading’, and ‘suitable for the client’s investment objectives’.

But in many cases, the opposite has turned out to be true and the advice has been neither transparent nor consistent with customers’ needs and attitude to risk.

You may feel that the advisor you spoke to meant well and that it was, after all, your decision. In which case, you might be interested to know that some of the biggest and best known banks among them HSBC, Lloyds, and Barclays have now been issued with hefty fines for misleading their customers. And at the same time, thousands of consumers have been left with investments that have not met expectations and that carry a much greater risk than anticipated.

We believe that’s wrong and customers rightfully deserve compensation if they have not been properly advised. Here at Debt Free Ireland We can help to get that compensation for you.

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