Financial Mis-selling Claims
Financial mis-selling is simply when you have been sold a financial product which wasn’t suitable for you.
There has been a lot of press recently about the financial mis-selling of products such as Payment Protection Insurance (PPI), however you can also claim for the mis-selling of many more financial products than this.
A lot of mis-selling arose because of staff in banks and other financial organisation having pressure to sell put on them, this sales environment caused some staff to sell inappropriate products in order to reach their sales targets.
Examples of inappropriate sales, or financial mis-selling include:
- You were sold a product without being properly assessed for suitability
- The terms and conditions of the product were not explained to you
- The exclusions for making a claim were not explained to you
- You were sold a financial product after being told that you had to take it in order to qualify for the product you actually wanted
Some examples of products which have been mis-sold on a widespread basis include:
- Payment Protection Insurance (PPI)
- Equity release
- Interest rate hedging products (interest rate swaps)
- Solar panels
- Risky investments
- Tax avoidance schemes
- Pension annuities
If you think that you have been mis-sold one of these, or any financial product please contact us to discuss your case.