Did you make an investment based on financial advice from the Co-op? Did their advice take into account your full situation, and did they explain the risks to you properly? Did you lose money on that investment as a result of poor financial advice? If so, you may have been a victim of investment mis-selling and you may be entitled to claim back from the Co-op.
We offer a hassle-free way for customers to reclaim their money from the Co-op. Our team of experts can assess your situation and start the claims proceedings on your behalf. You can relax in the knowledge that an experienced team will handle your case for you – and there’s nothing to pay unless the Co-op agrees to compensate you for mis-selling.
How do I claim back from the Co-op?
Contact us with the details of your claim and it’s possible we may be able to act for you. If you think you’ve run out of time because your investment was made too long ago, don’t be discouraged from claiming: it depends very much on your individual circumstances. We’ve helped thousands of people claim back losses going back more than ten years ago.
More about Co-op investment mis-selling
In 2013, the Co-op set aside £105 million in compensation for mis-selling to customers, some of which may have involved mis-sold investments, and in 2014 the bank had to raise £400 million to cover different forms of mis-selling and “past misconduct”. Overall the bank lost up to £1.3 billion in 2013-2014, a loss considered in the media to result from conduct, documentation and general financial malpractice.
The Co-op has apologised for mis-selling to its customers, and since then the financial outlook for the banking group has looked less bleak. Their operating loss was reduced from £662 million to £55.3 million, for instance. However, CEO Niall Booker has said: “There are a number of matters where the bank does not yet meet Financial Conduct Authority and Prudential Regulation Authority regulatory requirements and expectations.”
We specialise in seeking compensation for investment mis-selling, and if you think you can claim back from the Co-op, call us to explain your situation and we can advise whether you may be able to start proceedings.