Our client a Senior Nurse took out a savings plan with London Life way back in 1985 (yes 27 years ago) and initially paid in just £20 per month. Later London Life became Phoenix.

She increased this during 1988 to £50 per month.

During 2003 she partly surrendered her plan, withdrawing £3,000. (This was possibly virtually all of its value at that point)

The plan was kept going until it matured in May 2011 for a total value of £18,869. This is the total our client received back from the plan and therefore amounted to more than she had paid in. It had matured.

Regardless of this, our investment specialists raised a highly detailed and individual claim in early September 2012.

We received the final calculated offer from Phoenix’s just FOUR WEEKS LATER at the start of October 2012. This offer practically matches the maturity payment made to her in 2011.

Because she was a single lady, we were able to do this even though her policy was taken out before 1988.

Most people are simply unaware that these type of life assurance savings plans offer really good prospects of successful claims.

If you or your friends and family come across anything similar we will, of course, be very pleased to hear from you.

Oh yes – what did she win?

She has an offer of compensation from Phoenix of £18,840.

Avoid being Mis-Sold an Investment

When investing, some novices lose money since they do not know how to research investment vehicles objectively. Fortunately, even a layperson can make the right decisions and get the most out of his or her financial venture. Here are four ways to avoid being mis-sold on an investment.

Avoiding Investment Mis-Selling

Goals: Often, one will lose their funds or lose out on potential gains when not laying out a solid and realistic goals. Ideally, one must sit down and determine their plans for the funds. Then, an investor can decide where to put their money. For example, when looking to build an emergency fund, one should place their money in a certificate of deposit. On the other hand, when saving for retirement, especially one that is decades away, one can invest in individual stocks or other riskier asset classes. Of course, if retirement is less than five years away, one should maintain a safer strategy. Remember, there is nothing wrong with taking a risk provided that the individual has time to recover from any market losses.

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+Tim Capper reports on Financial Mis-Selling for Maple Leaf Financial. Our aim is to ensure you get honest advice and proper guidance to ensure a suitable recommendation can be made to pursue a financial claim

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Tim Capper

Bringing you financial news and information in plain english for Maple Leaf Financial. My aim is to help readers understand these often complex financial instruments.