A company which offered ISAs and bonds online, has gone bust owing £237 million to over 11,000 people. These bonds and ISAs were advertised online on a comparison site and tempted investors by indicating a return of 8% per year. The serious Fraud Office are now investigating.
An 8% return on a low risk investment seemed too good to be true, and one of our clients called us to ask if he should invest some of his funds into this product. We advised him that the investment he was considering was extremely high risk and he could potentially lose his entire fund, he hadn’t considered this and decided against the investment.
By contacting us our client saved a large amount of his capital as he could have lost all of his investment and would have been one of the 11,000 plus people now out of pocket.
If you are considering investing funds then please have a chat with an adviser as they could save you from a costly mistake!
Call us now on 01543 410512 or drop an email with your query to firstname.lastname@example.org.