Mis-Sold ISA Claims
Were you convinced to move your ISA, or were you sold a new ISA and are now concerned you may have lost money?
Some advisers and investment companies have prayed on ISA savers, giving poor advice and selling unsuitable ISA products on the promise of higher returns or increased security. Sadly, in many cases this results in people losing money without knowing where to turn.
Most UK savers use ISAs (Individual Savings Accounts) because they are designed to help you save and invest without paying tax on your interest or growth.
If you’ve been mis-sold an ISA, you might find that your investments have underperformed, or worse, you’ve been exposed to unnecessary risks and lost money.
We understand how frustrating this can be, but you don’t have to accept it. You may be able to recover your losses by claiming against the regulated people who were involved.
Get in touch with us today to learn more about your options for claiming compensation for a mis-sold ISA.
Mis-Sold ISA Claims FAQs:
What is a mis-sold ISA claim?
A mis-sold ISA claim seeks cash compensation or financial redress for financial losses resulting from poor advice or unsuitable ISA products.
What are common signs that an ISA was mis-sold?
Signs include not being informed of the risks, being solicited through the internet or cold calling, being advised to invest in high-risk products unsuitable for your circumstances, or not being given clear information about fees and charges.
Who can make a mis-sold ISA claim?
Any investor who has suffered financial losses due to poor or misleading advice on ISA investments can make a claim.
How long do I have to make a mis-sold ISA claim?
You typically have six years from the date the ISA was purchased or three years from when you became aware you may have been mis-sold.
What compensation can I expect from a mis-sold ISA claim?
Compensation may include the recovery of lost funds, reimbursement of fees, and interest on the losses incurred to date.
What is the process for making a mis-sold ISA claim?
The process starts with an assessment of your case, gathering relevant evidence, and pursuing the claim with the financial institution or through legal channels.
Types of ISAs:
Mis-sold Cash ISAs,
Mis-sold Cash ISAs occur when providers fail to disclose key details, leading customers to invest in unsuitable products. This may include not explaining fees, interest rates, or restrictions. If you’ve been misled about the terms or risks, you may be entitled to claim compensation for financial losses incurred.
Mis-sold Stocks & Shares ISAs
Mis-sold Stocks & Shares ISAs occur when providers fail to disclose key details, leading customers to invest in unsuitable products. This may include not explaining fees, risks, or market volatility. If you’ve been misled about the terms or risks, you may be entitled to claim compensation for financial losses incurred.
Mis-sold Innovative Finance ISAs
Mis-sold Innovative Finance ISAs occur when providers fail to disclose key details, leading customers to invest in unsuitable products. This may include not explaining fees, risks, or the potential for investment losses. If you’ve been misled about the terms or risks, you may be entitled to claim compensation for financial losses incurred.
Contact us today for an exploratory call
Many of the practices in mis-sold ISA’s are also relevant to irresponsible financial advise
Are you worried that poor advice from a financial adviser has cost you money?
