Slater and Gordon logo 0330 107 6486 Search Contact us Existing clients Menu Personal Injury Medical Negligence Employment Family Property Home > Collective actions > What is collective action? > Financial collective actions Commercial law What is a financial collective action? Many financial products and instruments have been mis-sold over the years; either because they were inappropriate to the customer or because they failed to comply with financial regulations. If you or your business has been mis-sold any financial products - from bonds to investments, interest rate swaps to finance guarantee loans – you may be able to seek redress and compensation through collective action. All you need to know about collective actions Slater and Gordon’s experienced solicitors are here to advise you on all aspects of collective action. Call us on 0330 107 6486 or contact us and we’ll call you. Talk to a specialist solicitor today Contact us Financial collective actions explained There have been many financial mis-selling scandals over the years, and they continue to arise, often causing serious damage to both businesses and individuals. That’s why we’re here to act for individuals and organisations that have been mis-sold a wide range of inappropriate or illegal financial products and instruments. These include a wide range of investments, pensions and mortgages; not to mention products such as the Interest Rate Swaps that have led to the demise of many previously healthy companies. It’s quite rare for individual cases of mis-selling to arise, which means that where serious misconduct has occurred, there will often be many people or organisations in the same situation as you. When this happens, we often deal with compensation claims as collective actions. These enable every member of the group to benefit from the reduced risk and increased financial resources that come from having strength in numbers. Group collective actions are also widely considered to enjoy more efficient legal processes than individual claims, which can have the effect of maximising any compensation you might receive. To find out more about starting or joining a group collective action with our financial mis-selling solicitors, call us on 0330 107 6486 or contact us and we’ll call you. How do we approach financial claims? The consequences of being mis-sold financial products can be devastating for individuals, families and small businesses. This is especially the case if poor advice has resulted in the transfer of significant funds into investments that either significantly underperform or are so high risk that they ultimately fail. Our approach to these cases will sometimes be to recover losses via traditional litigation. However, given the regulatory landscape in the financial sector, we’ll also seek to manage cases more cost-effectively through direct negotiation and regulator-approved redress schemes. These include the Financial Ombudsman Service, the Pensions Ombudsman and, where the defendant is no longer trading, the Financial Services Compensation Scheme. If you would like to talk about joining a collective action or seeking a group litigation order with regards to mis-selling of financial products or services, talk to one of our experienced financial mis-selling solicitors today. Call us on 0330 107 6486 or contact us and we’ll call you. Collective action Mercedes-Benz emission scandal FAQs Vauxhall emissions scandal Woodford Investigation Management and Hargreaves Lansdown VW NOx emissions group VW NOx emissions collective action – Scotland What is collective action? There has been no nonsense, the claim has been dealt with in a professional manner & at a good pace. The staff are friendly & speak clearly, they explained what is taking place there & then as well as what will take place next, reassuring you every step of the way, Slater & Gordon was recommended to me & would recommend them to anyone who was interested Kevin (Trustpilot review) Online chat Back to top of page About us Our experts Careers Newsroom Resources Follow Slater and Gordon Accessibility Privacy policy Cookie policy Terms of use Modern slavery act Complaints procedure Fraud and security Slater and Gordon UK Limited is a company registered in England and Wales with registration number 07931918, VAT 125 446 327 and registered office 58 Mosley Street, Manchester M2 3HZ. We are an approved Alternative Business Structure authorised and regulated by the Solicitors Regulation Authority (SRA number: 591058) and authorised and regulated by the Financial Conduct Authority for insurance mediation activity. Slater and Gordon 2020. All rights reserved. By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts. Cookies Settings Accept All Cookies