Any reasonable person thinks of the future and tries to invest in something that will provide them financial security later in life. Who doesn’t want to have enough money so they can enjoy their retirement and not become a burden to their children? However, most people don’t have a clue about financial investments so they turn to professional companies and advisors to help them out. Unfortunately, this is very risky as the world is full of scammers.
When you discover all the money you invested over the years is lost, it’s more than a financial blow. The prospect of financial ruin can lead you to depression and illness. It doesn’t have to be this way. No matter when you discover you’ve made a bad investment, you can fight back. Thousands of UK residents have already done that using the legal services of the Keller Postman Investment Fraud Mis-selling team. You can file an individual claim or join a group action to recover your losses. This won’t put a strain on your budget either, as the solicitors at Keller Postman work on a no-win, no-fee basis. You don’t owe them anything if they don’t recover your losses.
When can you file a mis-sold pension claim?
If you’re struggling with this type of question, you need to seek counsel from a reputable legal expert like those at the Keller Postman group. That’s their job after all.
What you need to understand is that not all bad investments are necessarily fraudulent. Sometimes you simply lose money in the investment world.
An experienced attorney will look into the details of your case. If a dishonest advisor convinced you to transfer your pension into a scheme that was unsuitable for you or misled you in any way, then, yes, this may be a case of mis-selling and you have the right to file a claim.
For instance, if you were advised to transfer your pension plan to an unregulated or high-risk product without you being aware of the potential consequences you can sue your advisor. The same applies if you later discovered you lost some benefits or were hit with impossibly high fees you cannot afford. You shouldn’t resign yourself to your fate. Those who misled you need to pay for jeopardizing your retirement plans.
Likewise, if your financial advisor did not give you enough information or purposefully omitted essential details, that can be viewed as fraud.
Other types of mis-sold investments you can sue for
You need to contact a seasoned attorney at the Keller Postman law firm if you think you were misled into investing in other types of financial products, such as:
Personal Equity Plans
If a financial company or advisor convinced you to invest in a Personal Equity Plan (PEP) without explaining the risks and the future costs and tax issues, you have the right to sue and seek compensation for your losses.
Stocks, shares, and bonds
Most people turn to a financial advisor when they decide to put some of their money in stocks, shares, or bonds. The activity of financial advisors is regulated by the Financial Conduct Authority (FCA), according to which their services should be provided in a manner that’s “fair, clear and not misleading”. If you lost money because of misleading advice, you can file a claim against those you trusted with your finances.
People buy life insurance to protect the financial stability of their loved ones after they’re gone. However, if you were misled into buying an insurance policy and you were later hit with unreasonable premiums, you may be able to recover your losses by filing a lawsuit against those who conned you.
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