IFAs have raised concerns a new bonds mis-selling claims service will further damage the industry's reputation and exacerbate the so-called "compensation culture".
Bondcompensation.com – a Brunel Franklin Group company – is the newest consumer claims management service to hit the financial services industry. Information on its website suggests investors could be a “victim of bond mis-selling” if they have "ever been advised to move money from a low-risk account into a higher risk investment bond, only to find the returns [they] received have been a lot less than expected". Examples of bonds which it says could be subject to mis-selling include with-profits, fixed term investment bonds, growth bonds and capital investment bonds. Mary Childs, direct...
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