Mis-sold investments are typically calculated based on the financial losses suffered by the investor because of the mis selling. While there is no standard formula for calculating these losses, various factors are considered.

Return My Money provides a comprehensive calculator on our website that can assist you in estimating your potential investment losses. Visit our calculator page to input the relevant details of your mis sold investment, such as the initial investment amount, any additional contributions made, and the expected returns promised by the investment provider.

For example, let’s say you invested £50,000 in a storage pod scheme with the promise of a guaranteed 10% annual return for a period of 5 years. Using the calculator, you can input these details along with any associated fees or charges. Based on the information provided, the calculator will estimate the expected investment value and compare it to the actual returns received.

The calculation takes into consideration factors like the misrepresentation of risks, hidden fees, and misleading projections. It helps determine the discrepancy between what you were promised and what you received, giving you an estimate of the potential losses incurred due to the mis sold investment.

To initiate the process of claiming back your mis-sold investment money, follow these steps:

• Gather Documentation: Collect all relevant documents related to your investment, such as contracts, statements, correspondence, marketing materials, and any other evidence that supports your claim. These documents will serve as crucial evidence in establishing the mis-selling of your investment.
•  Review the Circumstances: Evaluate the details of your investment, including the promises made, the risks involved, and any discrepancies or misleading information that you have identified. Make note of specific instances where you believe the investment was mis-sold to you.
•  Understand Your Rights: Familiarise yourself with your rights as an investor and the legal protections in place. Research consumer protection laws, financial regulations, and any specific guidelines or redress schemes relevant to your investment type.
• Seek Professional Advice: Consider consulting with a specialist in investment mis-selling, such as a solicitor or a claims management company. They can assess the merits of your case, provide expert guidance, and assist you throughout the claims process.
• File a Complaint: Contact the investment provider or financial institution responsible for the mis-sold investment and formally lodge a complaint. Clearly explain the grounds on which you believe the investment was mis-sold, referencing specific instances and providing supporting evidence.
•  Engage with Regulatory Bodies: If your complaint is not adequately addressed or resolved by the investment provider, you can escalate the matter to relevant regulatory bodies. In the UK, this may involve contacting the Financial Ombudsman Service (FOS) or the Financial Conduct Authority (FCA) for further assistance.
•  Consider Legal Action: If other avenues do not yield a satisfactory resolution, you may choose to pursue legal action against the investment provider. Consult with your legal advisor to evaluate the viability of a legal claim and understand the potential costs and risks involved.
•  Maintain Communication and Documentation: Throughout the claims process, maintain regular communication with your chosen representative or advisor. Keep a record of all correspondence, including dates, times, and details discussed. This will help you track the progress of your claim and provide a comprehensive record of events.
• Be Patient and Persistent: Claiming back mis-sold investment money can be a lengthy process. Be prepared for potential delays and maintain patience while actively pursuing your claim. Stay persistent in seeking a fair resolution for your case.

Remember, seeking professional advice and guidance is crucial to navigating the complexities of the claims process. At Return My Money we can provide tailored assistance based on your specific circumstances and increase your chances of a successful outcome.

Hiring a solicitor for a mis-sold investment claim is not mandatory, but it can be highly beneficial. While you have the option to handle the claim process on your own, engaging a solicitor who specialises in investment mis-selling cases can provide several advantages:

• Expertise and Knowledge: Solicitors experienced in investment mis-selling cases possess in-depth knowledge of relevant laws, regulations, and legal precedents. They can provide you with expert advice tailored to your specific situation and increase your chances of a successful claim.
• Case Assessment: A solicitor can evaluate the strength of your case by thoroughly reviewing the documentation, identifying legal grounds for your claim, and assessing potential damages. They can help you determine the best course of action and estimate the potential compensation you may be entitled to.
• Legal Guidance: Navigating the legal complexities of a mis-sold investment claim can be challenging. A solicitor can guide you through the entire process, including filing the claim, gathering evidence, communicating with the investment provider or regulatory bodies, and representing your interests during negotiations or legal proceedings.
• Improved Communication: A solicitor can handle all communication on your behalf, ensuring that your rights and interests are protected. They can effectively communicate with the investment provider, regulatory bodies, and other relevant parties, advocating for a fair resolution and keeping you informed throughout the process.
• Enhanced Settlements: Having a solicitor by your side can increase the likelihood of obtaining a favourable settlement. They have the negotiation skills and legal expertise to effectively engage with the investment provider or their legal representatives, maximising your chances of receiving fair compensation.

At Return My Money we work on a “no win, no fee” basis, meaning that the fee is only charged if we successfully secure compensation for you.

The duration of the mis-sold investment claim process can vary depending on several factors, including the complexity of the case, the cooperation of the involved parties, and the specific circumstances surrounding the mis-selling. While it’s challenging to provide an exact timeframe, the process typically takes several months to a year or more.

Here’s a general overview of the steps involved in the mis-sold investment claim process:

1. Gathering Information: The first step is to gather all relevant documents and information related to the investment and the mis-selling. This includes investment records, contracts, correspondence, and any supporting evidence.
2. Assessing the Case: A specialist or claims management company, such as Return My Money, will evaluate the viability of your claim. We will review the evidence, analyse the circumstances of the mis-selling, and determine the strength of your case.
3. Preparing the Claim: If your claim is deemed viable, we will assist you in preparing and submitting the claim to the relevant party or organisation responsible for the mis-selling. This may involve drafting a formal complaint letter outlining your case and providing supporting evidence.
4. Negotiation or Litigation: The responsible party will review the claim and respond accordingly. They may accept the claim and offer compensation or dispute the claim. If a settlement cannot be reached through negotiation, it may be necessary to pursue litigation, which can significantly extend the timeline.
5. Resolution and Compensation: If a settlement is reached or a court judgment is obtained, the process concludes with the resolution of the claim and the payment of compensation, if applicable.

The average payout for mis-sold investment compensation can vary greatly depending on the individual circumstances of each case. The amount of compensation awarded is typically based on several factors, including the financial losses incurred, the nature of the mis-selling, and any additional damages suffered as a result.

It’s important to note that there is no fixed or standard average payout for mis-sold investment compensation. The compensation amount can range from a partial refund of the invested amount to a full reimbursement of losses, along with any additional damages awarded.

The limit on how much you can claim for mis-sold investment compensation depends on various factors, including the jurisdiction you are in and the specific regulations governing such claims. In different countries, there may be different limits or guidelines in place.

For example, in the United Kingdom, where mis-selling claims are prevalent, there are certain compensation limits and schemes that can provide protection to investors. The Financial Services Compensation Scheme (FSCS) in the UK, for instance, provides compensation up to a maximum of £85,000 per person, per firm, if the investment provider is declared insolvent or unable to pay the compensation.

In many cases, mis-sold investment compensation payouts are not subject to income tax. The compensation is typically considered as reimbursement for financial losses or damages suffered, rather than as taxable income. This means that you usually won’t have to pay income tax on the compensation received.

However, there may be some exceptions or specific circumstances where tax liabilities could arise. For example, if the compensation includes an element of interest or if it includes additional taxable components, such as taxable investment income or gains.

Yes, there is typically a time limit or deadline within which you can make a mis-sold investment claim. This time limit is commonly referred to as the “statute of limitations” or “limitation period.” The specific duration of the limitation period can vary depending on the jurisdiction and the type of claim involved.

The purpose of the time limit is to ensure that claims are brought forward within a reasonable timeframe after the discovery of the mis-selling, allowing for prompt resolution of disputes while ensuring that evidence and records are still accessible.

The ability to claim investments from the 70s, 80s, and 90s will depend on several factors, including the jurisdiction in which the investments were made and the specific regulations and limitations that apply.

In many jurisdictions, there are time limits or statutes of limitations that set a maximum period within which claims can be pursued. These time limits vary, and they can range from a few years to several decades. It’s important to note that the time limits typically start from the date of the alleged mis-selling or from the date the investor became aware or should have reasonably become aware of the mis-selling.

While it may be possible to make a claim on investments from the 70s, 80s, and 90s, it can become more challenging as time passes due to factors such as the availability of records and evidence, changes in regulations, and the potential closure of relevant institutions or companies.

Deciding whether to complain about your mis-sold investment and report it to the Ombudsman depends on the extent of the mis-selling, the financial impact on you, and the jurisdiction involved. Gather evidence, understand your rights, assess the financial consequences, and seek professional advice to make an informed decision. Reporting to the Ombudsman may be an option if applicable.

If your mis-sold investment claim is unsuccessful, you have several options to consider:

•  Seek further advice from specialists or claims management companies who can review your case and suggest alternative strategies.
• Explore alternative dispute resolution methods such as mediation or arbitration.
• Consult with a solicitor specialising in financial litigation to assess the viability of legal action.
• Accepting the outcome, although disappointing, might be the most practical choice if further action is not feasible.

Each option has its considerations, so it’s important to weigh the potential costs, chances of success, and personal circumstances before deciding on the next steps.