Independent Financial Advisors
The mis-selling of pensions by Independent Financial Advisors may be the most prominent example of widespread professional negligence by IFAs, but it is by no means the only area where negligent financial advice has caused widespread loss on the part of savers and investors. Poor investment advice, often stemming from a failure to recommend financial products or securities appropriate to a client’s appetite for risk, is still not uncommon, and recent periods of extreme volatility in asset markets have in some cases resulted in significant losses to the victims of such negligence.
The quantification of recoverable loss in such cases can be highly complex. Our professional negligence consultants can advise and are well placed to assist, for example, with the preparation of clients’ complaints to the Financial Ombudsman Service.