The Scourge Of The Mis-Sold Investment Bond
In our experience, the mis-selling of investment bonds represents one of the primary types of financial malpractice on the market today. Investment bonds are essentially life insurance policies that are paid in the form of a single premium, and that may be invested in an array of distinct funds.
An investment bond may be of a fixed or variable term, however, it is common for a surrender penalty to go into effect at the earlier phase of such an investment. A lump sum amount will be placed into a fund of the investor’s choosing, and when the triggering death or a surrender event occurs, a single sum will be paid. The amount of this sum will be determined by the investment bond’s overall performance and the terms that were declared at the outset.
Were You Victimised By Mis-Selling Of Investment Bonds?
Financial professionals are motivated to sell the largest number of investment bonds possible, given the substantial commissions they can produce. In fact, it is often the case that job retention and bonus eligibility for such individuals will be linked to sales volume. Investment bond profitability, though, can fluctuate based on management fees, applicable penalties and the like, and these conditions need to be explained in detail to investors prior to any sale.
Advisers have faced growing pressure to perform, and this has resulted in mis-selling in all too many cases. Customers have been sold investment bonds that did not match their circumstances or specific financial needs. Numerous high street institutions have faced fines for their practice of pressuring staff to sell more and more investment bonds, regardless of their suitability for the particular customer.
Lodging Your Investment Bonds Claim
Our team possesses a great deal of experience in assisting with the filing of mis-sold investment bond claims. We stand prepared to review your case and provide useful guidance on whether you are owed financial compensation and how to go about obtaining it.