Most people today looking at their yearly pension statement, will be doing so in dismay and wondering, “When will I ever be able to retire?”. The markets have been in absolute turmoil recently, nose-diving at a frightening rate. 

Financial commentators have alluded to the markets being caught in the “perfect storm”, with surging inflation, higher interest rates and the war in Ukraine all having a huge impact on investor sentiment. With the US Federal Reserve announcing its biggest rate rise since 1994, it would seem that other central banks are only going to follow suit, creating more uncertainty.

Your own investments could be showing a loss at the moment due to this “perfect storm”. That said the message of institutions such as Credit Suisse appears to be to ride it out, adding that investors should not lose faith and that “it would be ill-advised” to exit the markets now. This may or may not be the case, but what if  your loss is not down to the markets as such but more so down to advice provided to you by a financial advisor with regard to a particular investment or how that investment has been managed by a particular financial institution? With such losses and where there is no positive outlook in sight on such investments you may decide to exit the market in the short-term rather than the long-term. Either way a claim may lay with your financial advisor or the institution managing your investment.

Proving such a claim is fraught with risk and expert advice is needed. Should you wish to speak to someone in this respect then please fee free to contact James Thornton, head of our litigation and dispute resolution team, who would be happy to assist.

The contents of this article do not constitute legal advice and are provided for general information purposes only.

The contents of this post do not constitute legal advice and are provided for general information purposes only