Do you think you've been missold an investment?

Former_MSE_Guy

Do you think you've been missold an investment?

Lately, we've heard a spate of stories from savers claiming they've been missold investments, particularly by banks.

We're working on a guide to help victims get their money back but we want to hear from those affected.

If you're happy for us to feature your story on MSE, please email us at [EMAIL="casestudy@moneysavingexpert.com"]casestudy@moneysavingexpert.com[/EMAIL] and include a brief outline of your situation + a daytime phone number.

What's investment misselling?

Investments are accounts with an element of risk introduced, ie, the value of your money could go up or down, depending on the performance of the account.

• Definite misselling. If you asked for a low-risk fund but your money's been placed in a high-risk pot or if you were sold an investment product, and told that the value of it definitely could not decrease.

• NOT misselling. If you were sold an investment, and warned that the value of your cash in it could go down as well as up, and it hasn't performed well, and you've lost cash.

Of course, there are a million shades of grey between these extremes, such as wanting a low (but not no) risk investment and being given a high risk one. We want as much feedback as possible to allow us to look into problems fully.

Why's this a big issue?

The global economic downturn has led to numerous investment funds performing badly and losing value over a short time period. This means the value of investments could have plumetted, a nightmare for those nearing retirement or who've simply been left out of pocket at the wrong time.

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