Compensation for mis-sold investment?

How do i complain that i was given bad info by my financial Advisor regarding investing in a Arch cru investment fund.

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Although the local IFA will be more help - how exactly was it mis-sold?
  • dunstonh
    dunstonh Posts: 119,173 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    How do i complain that i was given bad info by my financial Advisor regarding investing in a Arch cru investment fund.

    If your complaint was that you were sold an investment that was incorrect for risk profile then you have a valid complaint. If your complaint is that the investment has failed and lost money then you do not have a valid complaint.

    You complain to the adviser.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • I'm surprised you haven't complained yet, some 2 years after the failure.

    It seems that solution lies ultimately in the hands of FSCS, but a handful of people are complaining to the Financial Ombudsman.

    http://citywire.co.uk/new-model-adviser/fight-for-redress-in-arch-cru-debacle-gathers-pace/a484227
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.8K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 453K Spending & Discounts
  • 242.8K Work, Benefits & Business
  • 619.6K Mortgages, Homes & Bills
  • 176.4K Life & Family
  • 255.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.