Are you one of the many customers who were mis-sold an investment by Halifax? Maybe you were advised to invest in a product which didn’t perform as you expected?
Since 2008, we’ve been helping our customers claim compensation from banks, like the Halifax, for investment products that were sold unfairly as a result of bad financial advice. And we can help you, too.
The Halifax investment reclaims process
If you think you may have been a victim of Halifax investment mis-selling, call one of our friendly experts today and we’ll determine whether you’re eligible for a claim.
If you can make a Halifax claim, we’ll send you a simple claim form which just needs your signature. Once we’ve received it back, we’ll work to get your money returned to you within weeks. Our consultants will manage everything, keeping you updated regularly, and any fees are payable only in the event of a successful pay-out.
It doesn’t matter how long ago your investment was made – we may still be able to help. Contact us today and we can establish whether you can make a claim.
More about Halifax investment mis-selling
Halifax was one of the subjects of a major investment mis-selling investigation by UK banking regulator, the Financial Conduct Authority (FCA), in 2013. One of the highest-profile instances of Halifax investment mis-selling was relating to ISAs.
According to a Daily Telegraph report, there are reportedly thousands of customers who are now eligible to claim back their money. The report states that the FCA found Halifax staff were being pressured to hit targets or face demotion.
The culture of meeting targets was once rife in banking as a whole, especially throughout the 2000s. This pressurised sales environment could be seen as a primary driver for the rising number of Halifax investment reclaims and financial scandals at the main high street banks; it reportedly led to many customers never being asked standard questions, such as:
- How do you feel about risk?
- How much do you know about financial products?
- Do you want to find out about out other investments?
- Do you fully understand what’s involved in this product?
- Do you realise the value of your investment can go down as well as up?
In 2013, the FCA fined Halifax (as part of the Lloyds group) a record £28 million for serious financial and investment mis-selling. They found that, between January 2010 and March 2012, one in three Halifax advisers were allowed to pocket their monthly bonus, despite their involvement in investment mis-selling being discovered and brought to light. In that time, Halifax advisers generated about £888 million in investments for the bank.
There are many checks banks are obliged to carry out with their customers, and certain questions they must ask before they sell you a product. Are you, or have you been, a Halifax customer? Do you think you may have been a victim of Halifax investment mis-selling? Contact us to find out how we can help.