FOS sides with Barclays on compensation for mis-sold £52,000 investment

The ombudsman said the amount offered in compensation by the bank, after it admitted it had sold an unsuitable investment to the pair, was fair and reasonable. Barclays had admitted to selling the couple an investment that was too high risk for them in August 2000, which was surrendered in 2003.  The investors had claimed the product, which had an objective of "high levels of capital growth" as well as a "high" attitude to risk level, was therefore unsuitable for inexperienced investors such as themselves. The bank calculated the compensation offered using FOS' usual benchmarks, wh...