Individual Savings Accounts (ISAs) are one of the most popular ways for people to save and create a nest egg for the future, whether that’s for buying a house or for retirement.
However, sometimes certain types of ISAs have been mis-sold to customers, especially when the risk involved in investing in these ISAs hasn’t been made totally clear.
This has been found to be most common with Stocks and Shares ISAs, also known as NISAs, in particular, where the client is encouraged to invest in a range of shares, funds, bonds or investments.
We may be able to help you if you think you’ve been mis-sold a NISA. You can contact us today for advice and guidance and we’ll be able to see if you have a claim to make and, if you do, advise how you can move forward.
You can also read on to find out more about mis-sold stocks and shares ISAs.Speak With A Claims Handler
Stocks and shares ISAs, also known as NISAs or investment ISAs, let people use savings to invest in funds, property or shares. One of the big draws for people investing in stocks and shares ISAs is the fact that they don’t need to pay tax on the money they earn from their investment.
However, stocks and shares ISAs can be subject to market volatility and there is no guaranteed return. This means that the value of your investment is attached to the asset you’re investing in, so can rise and fall accordingly. In a sense, a stocks and shares ISA can be a gamble.
You should also be prepared to invest in a stocks and shares ISA for at least 5 years to make significant gains from the investment.
The big benefit of a stocks and shares ISA is that it’s tax free. You won’t have to pay income tax or capital gains tax on any earnings you make from your investment.
Stocks and shares ISA can also give you the potential to earn a lot more than a standard cash ISA. However, it’s important to remember that you could end up losing money if the investment is high risk or drops.
There is an element of risk to investing in a stocks and shares ISA. This is because your investment will most likely fluctuate and you could end up with less than you invested.
It’s really important to be aware of these risks before investing in a stocks and shares ISA from the very start.
If you have invested in a stocks and shares ISA, lost money on your investment and weren’t made completely aware of the risks involved by your adviser before investing, you may have been mis-sold a stocks and shares ISA.Speak With A Specialist
Stocks and shares ISAs are broadly reliable ways to increase your savings. However, some people have been victim to stocks and shares ISA mis-selling.
If any of the following apply to you, you may have been mis-sold to and you might have a case for compensation:
If any of the above sounds familiar, you may have a claim. If you would like more advice or guidance, we can help. You contact us for a free assessment where we can see if you have a claim and, if you do, how we can move it forward.Get Started Today
It is possible to get compensation for a mis-sold stocks and shares ISA if you can prove you have been mis-sold to.
If you would like advice, you can get in touch with one of our experienced case handlers for a free claim assessment. We can also handle your claim for you if there is one to make to get you as much compensation as we can. We have already helped 1000s of people make claims and have earned over £60m for our clients.
The good news is, there are a number of options available to you.
You can make a claim yourself by contacting the firm directly for free or you have the option of using the Financial Ombudsman Service or Financial Services Compensation Scheme if it falls in their remit.
Or you can contact a team member at Get Claims Advice. The big advantage to this is that our experienced and knowledgeable team will give you bespoke advice and handle the claim on your behalf.
We’ll look at your case individually to discover if we think you can make a claim and then, if we can proceed your claim, work to get you the best result we can.Speak With A Specialist