Mis-selling of Pensions and Investments
Mis-selling means that you were given unsuitable advice and sold products that were not suitable for you. Many people have lost out on their savings during the financial crisis due to inappropriate investments products.
In our experience at McCartan Turkington Breen there are numerous cases where the risks of investment were not explained to the customer by the financial advisor and/or financial institution. Investors were not properly classified and were sold products that were inappropriate to the risk levels that they were prepared to take. A financial advisor must recommend something suitable for the needs and requirements of the particular customer and must also explain properly to the customer what level of risk the customer is taking. We have found, in our experience, that many products were sold without proper financial advice being given and in particular no advice was given in relation to the volatility or otherwise of the financial product that was being marketed by the financial advisor.
McCartan Turkington Breen have vast experience in this area having brought numerous successful cases against financial institutions in respect of mis-selling of financial products to customers. These cases have been brought through the Financial Ombudsman Service and through the Courts in Northern Ireland.