If you have had an Investment Bond or With Profits Bond at any time since the 1980s, you may be entitled to thousands of pounds in compensation.
Prior to 2013, before commissions on investment products were banned by the Financial Conduct Authority, Investment Bonds and With Profits Bonds were far more commonly sold by banks and financial advice businesses. This is because some tended to pay higher commissions than the simpler, lower-cost alternatives. These commissions ultimately had to be paid for by the saver, through higher costs extracted from their investments on a regular basis.
Over time, even seemingly small unnecessary costs can drastically reduce the value of investments.
Investment Bond funds are also subject to taxes that are not payable with simpler alternatives.
Simply put, Investment Bonds have not been suitable for the majority of savers.
Don’t worry if your Investment Bond was recommended a long time ago – we can make a claim on your behalf for bonds mis-sold as far back as the 1980s.
If your Investment Bond is no longer in force, or if you don’t have all your paperwork, in many cases we can get the details for you.