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miss sold Portfolio Bond
Anhar
Posts: 1 Newbie
I was miss sold a Portfolio Bond in 1999. I have been told by Aviva that I am too late to get any compensation. Can anyone else share information please.
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Comments
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I was miss sold a Portfolio Bond in 1999. I have been told by Aviva that I am too late to get any compensation. Can anyone else share information please.
When did the bond mature?
If you wished to complain about something, then you would have to do so either within (a) 6 years of the sale, or (b) 3 years from when you realised there was a problem. So I would have thought that three years from maturity would be the cut-off point.0 -
The above is broadly correct. Think this might have been better posted on the savings & investments board?0
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I was miss sold a Portfolio Bond in 1999
How was it mis-sold?
The Aviva portfolio bond was one the cheapest investment bonds on the market and had a good fund range available.
You have 6 years from sale or 3 years from being reasonably aware of the issue. That 3 year bit has to have a trigger event. This could be surrender.I have been told by Aviva that I am too late to get any compensation.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.0 -
Ultimately it is for FOS to decide if it is too late - so you can still ask FOS to look at it.
However, if it agrees that it is too late it will not look at the merits of the complaint.0
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