A Guide to Mis-Sold Investment Bonds

If you’ve lost money – or the return you’ve received is lower than you were expecting – you could have a claim for investment mis-selling and you may be entitled to compensation.

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Checklist

Advisers want to sell customers as many Investment Bonds as possible because of the high levels of commission they generate. Sales have been linked frequently to bonuses and job retention. Their success of the Investment Bond, however, is often subject to management charges and surrender penalties. All of this should have been made clear to you from the outset.

In the past, financial advisors were encouraged to sell customers as many investment bonds as possible as they had large commissions and bonuses. Because of this, many were advising customers to sign up for investment bonds even if they were not suitable for their needs or if they did not best fit the customer’s requirements.

Unsuitable investment recommendation

If the investment recommended to you does not align with your financial goals, risk tolerance, or investment experience, it could be a sign of mis-selling. The investment should be suitable for your specific circumstances.

Incomplete or misleading information

If key information about the investment was not disclosed to you, or if the information provided was misleading or inaccurate, it could be an indication of mis-selling. This may include risks, fees, potential returns, or any other relevant details.

High-pressure sales tactics

If you were subjected to aggressive sales techniques, such as being rushed into making a decision or feeling coerced into investing, it could be a red flag. Investments should be presented to you in a clear and transparent manner, allowing you ample time to consider the risks and benefits.

Hidden fees or charges

If there were undisclosed or unclear fees associated with the investment that were not adequately explained to you, it could indicate mis-selling. You should be aware of all costs and charges before making an investment.

Non-disclosure of risks

If the risks associated with the investment were downplayed or not properly disclosed, it could suggest mis-selling. Every investment carries some level of risk, and you should be made aware of these risks to make an informed decision.

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If you notice any of these signs above, it’s advisable to get in contact with us, we specialise in investment matters. Elite Chambers can evaluate your situation and guide you on the best course of action.

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