A Guide to Mis-Sold Investment Bonds

If you have been mis-sold an investment bond, you may be able to make a claim.

An Investment Bond is a lump sum life insurance policy which you can invest across a variety of different funds. It is usually paid as a single premium. You can invest it into a fund of your choice. If an advisor sold you an investment bond without advising you correctly, then you may be able to make a claim for mis-sold investment bonds.

The amount you receive on surrender or death depends on how well the investment performs. Investment bonds can be fixed-term or have no set term. You may have to pay surrender penalties in the early stages of investment.

Mis-sold Investment Bonds

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.

If an advisor has sold you an investment bond without informing you of all the risks associated with them, such as management charges and surrender penalties, then you may have been mis-sold the investment and may be able to make a claim.

Investment Bonds came with associated costs and if you were not advised of these when you took out the Investment Bond, this could result in compensation for a mis-sold investment.

What to do if you think you have been mis-sold an investment bond

If you think you have been mis-sold an investment bond, there is some information that would be useful if you want to make a claim. Any information that you may be able to provide when you make the claim can be helpful. Examples of the information that can help include:

  • any paperwork from the pension or investment
  • when you were first contacted to discuss your pension or the investment opportunity
  • about moving the pension or investment
  • what the advisor recommended
  • who you spoke to
  • how much you invested or moved.

If you do not have all of the information to hand, it is not too much of a problem. Any information you can give can be helpful.

How we can help

Here at The Compensation Experts we can help with all manner of financial mis-selling claims. This includes mis-sold investment bonds. If you think you may have been mis-sold an investment bond, contact us by filling in our contact form, or call us on  01618841451 to speak to one of our friendly knowledgeable advisors.

    Speak to our expert financial claims team now, find out how much your claim could be worth...