OEIC’s and Unit Trusts are collective investment funds that are professionally managed by a Fund Manager. This means that the Fund Manager pools together all the individual investor’s money into one fund and invests in products such as shares, property or bonds etc.
The fund may have a mix of different investments/assets.
Each investor has a share of the overall Unit Trust or OEIC i.e., the collective fund. So, if the value of the underlying assets rises or falls, so does the value of the share in the fund.
A major difference between them is how they are governed. A Unit Trust is governed by Trust Law and the individual investor owns units. With an OEIC it is governed by company law and the investor owns shares.
You may have been mis-sold if an adviser or bank or building society failed in their duty and gave you unsuitable investment advice.
As with all regulated financial advice your personal circumstances and attitude to risk should always be taken into consideration to establish if the investment is suitable for you.
You must also be made fully aware of how the product works and any charges and fees associated with it.
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.