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If you have lost money after you have made an investment with your bank or Financial Advisor then this investment may have been wrongly sold and you could be entitled to compensation.
An Investment can be taken out with a bank or Financial Advisor. Your money is usually placed into an ISA, Investment Bond, Capital Protected Bond, With Profits Bond, Managed Portfolio or Unit Trust or another kind of investment product, If you lost money or your attitude to risk was not taken into account, then the product could have been mis-sold and you could be entitled to compensation.
Investment Bonds are a life insurance policy which involves a lump sum being invested into different funds that are available. Each Bond contains a different level of risk so you may have been sold a Bond which was too risky for your personal and financial circumstances.
An ISA allows you to save money tax-free. Unlike a Cash ISA, a Stocks & Shares ISA is not safe and contains risks which mean you may have lost money due to the rise and fall of the Financial Markets.
As these are linked to the stock market your investment can lose money as well as gaining. You should have been advised that you might get less money than you invested.
Unit Trusts allow you to join forces with other investors and pool your money. Unit Trusts are not risk-free and your investment will be subject to the risk of being linked to the stocks and shares market.
A Capital Protected Bond offers you potential growth without the risk of losing capital.
You should receive your full capital back providing the investment was kept open for the full term that was agreed.
If you have only received back your original Capital then you have in real terms made a loss as your capital has not earned you any interest during the period your Capital has been invested.
There are always risks when taking out an OEIC; setting up an OEIC can be very costly which will have an impact on how the fund performs. If you have not been informed of the high set up charges or the OEIC was too risky for your personal and financial circumstances then the product could have been mis-sold to you.
A Managed Portfolio is usually used so that any risk can be spread across different assets.
Your portfolio Manager is responsible for making sure your capital is invested to meet your requirements and will decide on which products should be bought, sold or held with your invested capital.
As stocks and share are not risk-free the products your portfolio holds should match your attitude to risk.
