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Claiming compensation for the wrong financial advice

Claims for being given the wrong financial advice

If you have been given the wrong financial advice and would like to know if you can claim compensation, then contact us for a free case assessment and details of no win, no fee funding.

If you want to look after your hard-earned money then professional financial planning is an absolute must.  You may need advice on where to invest your savings, how to plan for your retirement or opportunities of reaping a better return on your assets.  While some people go to their accountant for this advice, others use the specialist services of an independent financial planner (IFA).  In most instances, that advice works out well, but occasionally it doesn’t.  That’s when consideration needs to be given to whether your loss is attributable to the inevitable fluctuations of the market or wrong financial advice.

Examples of wrong financial advice include:

  • Misunderstanding the risk profiles, resulting in the money of a cautious investor being put into high risk investments;
  • Encouraging people to enter into risky investment schemes without the relevant warnings or explaining the implications;
  • Suggesting a tax avoidance scheme which HMRC subsequently close down;
  • Promoting inappropriate investment schemes without checking their provenance or performance history;
  • Failure to ensure that the investor can actually afford the investment; and
  • Recommending unsuitable pensions and Self Invested Personal Pensions (SIPPS).

Whatever form the wrong financial advice takes and whatever loss it leads to, if the IFA failed to advise you to a suitable, professional standard, then they could be negligent and liable to pay you compensation.  

We specialise in financial negligence. So, if you feel that you have been let down by your your IFA, then call us and we will be happy to discuss your claim with you.   We can also look at funding options, including the availability of a no-win, no-fee. Do not delay in calling though: negligence claims do have strict time limits and they can quickly pass.

To discuss claiming compensation for wrong financial advice on a free, no-obligation basis, please call Emma Slade on 0808 139 1595 or email [email protected] .  We are here to help.

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This website www.proneg.co.uk has been in operation for more than 20 years, making it one of the longest established professional negligence resources available on the internet.

It is run by Slee Blackwell Solicitors LLP, an award winning firm of solicitors specialising in professional negligence law. We have been awarded Lexcel accreditation by The Law Society for excellence in client care and the firm is included in the independent guide to the legal profession, The legal 500.

We represent claimants nationwide and are usually able to offer No Win, No Fee funding where the prospects of success are good and the value of the compensation claim exceeds the small claims court financial limit of £10,000.

A member of our specialist team will be happy to provide you with a free assessment of your case. Simply contact us by phone or email.

Call Free - 0808 139 1595