IFA compensation

We specialise in professional negligence law. For a free case assessment call 0333 888 0404 or email [email protected]

Claiming IFA compensation for negligent advice

When we use the services of an IFA (Independent Financial Adviser) we expect their advice to be of a high standard. After all, it is our hard earned money in their hands. The principle benefit of using an IFA is that they can choose from a range of financial products available across the market as a whole, rather than just the products offered by a specific bank, building society, investment house or insurance company. So, the range of options available to you is much greater, making it easier to tailor your investment strategy to your own personal requirements.
In the vast majority of instances the IFA’s advice is on the button, but very occasionally investors are let down, with some suffering crippling financial losses as a result.
If the loss is the result of market fluctuations and the risks associated with the investment were pointed out to you before you invested, then there may be little that can be done. However if you have lost out due to poor advice then you may be able to claim IFA compensation.
We have experience of dealing with a range of IFA compensation cases and are here to help you recover your losses when disaster strikes. And we offer a range of funding options, including No Win, No Fee in cases where the loss suffered is comfortably above the small claims court threshold of £10,000.
Your claim may be based on a simple as misunderstanding about the criteria you set for your type of investment. If you are a cautious investor and your money has been funnelled into a high risk investment then the IFA may be in breach of their legal duty of care.
Similarly the IFA may have recommended a tax avoidance scheme which HMRC has subsequently closed down or a pension scheme which is unsuitable for your requirements.
Whatever the circumstances, if the advice you have been given was negligent then it is likely that you will be entitled to claim IFA compensation to recoup your losses.
Finally, it is important not to delay. Professional negligence claims can easily become time barred, so it’s advisable to act as soon as you think you may have been let down by your IFA.

For expert advice from solicitors who are experienced in dealing with IFA compensation claims please call our free legal helpline on 0333 888 0404 or send an email with brief details of your claim to us at [email protected]

 

Emma Slade

Emma Slade

Emma Slade is a civil litigation solicitor, specialising in claims against professionals, including surveyors, architects, financial advisers, and solicitors.
Emma Slade

Emma Slade

Emma Slade is a civil litigation solicitor, specialising in claims against professionals, including surveyors, architects, financial advisers, and solicitors.

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Call the Slee Blackwell helpline on 0333 888 0404