Investment bonds are insurance-based investment products in which you invest an amount, usually paid as a single premium or lump sum. This is then invested across a range of investment products.
The life insurance policy is usually a nominal part as the emphasis is usually on the underlying investment. They can have a fixed term or no set term.
A lump sum is then payable at surrender or in the event of death. The amount you get is dependent on how the underlying investment has performed, as well as the terms and conditions of the Investment Bond. This may include management charges and surrender fees.
As with most investment mis-selling – people have been advised into investment products which are not suitable for them or were not as they were told they would be.
In many cases, the high levels of commission offered for recommending Investment Bonds has fuelled mis-selling.
Whether it’s greed, neglect or high-pressure sales – if a regulated adviser or high street bank or building society has put you in an unsuitable investment, you may be able to claim compensation.
You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.
We will not make or pursue a claim, or advise you to, if we know or have reasonable grounds to suspect that the claim does not have a good arguable basis, and or is fraudulent or frivolous.