Were you mis-sold an investment by Lincoln Financial Group?16 Dec 2020, Posted by Latest News in
You could be entitled to compensation if you were mis-sold an investment by Lincoln Financial Group. Many people have already found that investments they have purchased on the basis of advice from Lincoln Financial Group may have been mis-sold. If you feel that an advisor from the Lincoln Financial Group gave you the wrong advice about investments then you may be able to make a compensation claim.
Lincoln Financial Group mis-selling
Mis-selling is basically the process of mis-informing customers about an investment that they are being encouraged to make. Many customers across the UK are increasingly realising that this has happened to them as a result of choosing to receive advice from financial advisors representing Lincoln Financial Group. Investments such as unit linked savings plans and insurance bonds could have been mis-sold by advisors from the group, creating potential financial hardship for the customers involved. Many of those customers were put into the wrong risk category as a result of the mis-selling.
What are the signs of a mis-sold investment?
If you think that you may have been mis-sold an investment by the Lincoln Financial Group, these are some of the signs to look out for.
- You were not told by your advisor from the Lincoln Financial Group that it takes a minimum of five years to see a noticeable return on the investments you were making.
- You were not put into the right risk factor by the Lincoln Financial Group and, as a result, were uncomfortable with the level of risk involved.
- If you had existing debts at the time of the investment you weren’t advised by Lincoln Financial Group that the extra money you had available should be used to clear that debt, rather than invested.
You may also have been mis-sold an investment if you didn’t ask the Lincoln Financial Group to invest your money in the stock market, exposing you to the financial risk that creates. If you weren’t told that there was a risk that you could lose the money you invested – or you were led to believe that you would see a larger return than you have – then your investment may also fall into the mis-sold category. Finally, if you were given a much exaggerated idea of the way the investment would perform, compared to the way it is actually performing, then that investment may also have been mis-sold.
These are just some of the ways to work out whether you may have been mis-sold an investment by the Lincoln Financial Group. If that’s the case then you could make a claim for compensation. To find out more about financial misselling from Lincoln Financial Group refer to our website…