0808 301 7065 Mis-Sold PEPs (Personal Equity Plans) PEPs allowed investors to enjoy the profits from stock market-related investments, free of income tax or capital gains tax. They were replaced by Individual Savings Accounts in 1999, and in 2008 all PEPs were converted to the new product. While existing customers could no longer add to their investment, they continued to enjoy the same tax advantages they always held. PEPs carried a certain degree of risk, but returns were generally good because they were available at a time when stock markets were performing well. Many people still have their original investment today. PEPs were very popular among investors and with that popularity came a higher than usual chance that an investor might have been mis-sold a PEP. How to identify mis-sold Personal Equity Plans Since many PEP investments were seen as successful, customers were all too happy to be recommended them – and proceed to take them out. The two main problems were: not everyone was suitable to purchase a PEP, and the high risk nature of the product would never be explained clearly by advisers. This led to people who were mis-sold a PEP losing a considerable sum of money and not knowing how or why. Banks have to abide by regulations that restrict them to suggesting only products that are suitable to your needs and circumstances. When trying to sell you a Personal Equity Plan, the financial adviser should consider your age, occupation, financial circumstances and needs, tax position, period of investment and, finally, your attitude to risk. A cautious investor should not be led into being mis-sold a PEP or any risky product. Claiming for mis-sold Personal Equity Plans After all this has been established, the investment should have been explained to you clearly and explicitly. If you want to identify whether you were mis-sold a PEP, simply cast your mind back to whether the adviser: Asked you about your attitude to risk Discussed with you the impact of an under-performing PEP Took into account your level of investment experience Talked through alternative products Presented the advantages and disadvantages of PEPs If the adviser fell short on any of these then you may have a case for a claim. At Goodwin Barrett, we’re experts in reclaiming money from mis-sold PEP investments. We have many years of experience helping clients who were mis-sold a PEP get a significant rebate. For further details on mis-sold PEPs and how we can help you to claim back the money you lost, call us on 0808 301 7065 or email enquiries@goodwinbarrett.co.uk. Alternatively, you can enter your details into our call back form and we’ll get in touch straight away. Request a call back If you'd like us to call, please fill in your details CALL ME BACK William Thornley from Bolton received £21,400 compensation from Halifax Alan Burke from Bolton received £34,800 compensation from Santander Why choose us? Hassle-free process. No lengthy paperwork to complete. Your own dedicated claims expert. Claims settled within 8 weeks on average. MORE ABOUT US Speak to our friendly experts If you feel you've been let down by your bank or financial adviser please call us. Call today 0808 301 7065 Customer Stories We've helped thousands of people win compensation as a result of unsuitable financial advice. Previous I’m absolutely delighted with the service we got from Goodwin Barrett, I couldn’t believe how easy it was and i’ve nothing but praise for them William Thornley from Bolton got back £21,400 from Halifax Next Figures shown are before the deduction of our fee. Goodwin Barrett Ltd Mikar Business Park Northolt Drive Bolton BL3 6NJ 0808 301 7065 enquiries@goodwinbarrett.co.uk Contact Us Terms & Conditions - Mis-sold Investment Terms & Conditions - Mis-sold Pension Pre Contract Information Complaints Privacy Policy Sitemap Request a call back CALL ME BACK Goodwin Barrett is a claims management company. You do not need to use a claims management company to make your complaint to your bank. If your complaint is not successful you can refer to the financial ombudsman service for free. Goodwin Barrett Ltd is authorised and regulated by the Financial Conduct Authority FRN: 830495 Company number 09294215 - Mikar Business Park Northolt Way Bolton BL3 6NJ. VAT registration number 198 9960 18, registered in England. Goodwin Barrett Ltd is registered with the Information Commissioner's Office under registration reference ZA085532.