Secret Commission Claims

At Barrister-Direct, we know that our clients put their trust in their financial advisers, brokers and lenders to provide independent advice. However, sometimes, this trust is abused, and, payments, known as secret commissions have been made. This isn’t always legal.

In March 2015, the Court of Appeal gave a Judgment that has huge implications for customers who have entered into a loan agreement, introduced by a credit broker. Essentially, should a customer go through a credit broker to arrange a secured loan, then the consumer is entitled to the “single minded loyalty” of the credit broker. This means that they must act in good faith, not place themselves in a position where their interests may be conflicted, and, most importantly, must not take a secret profit or commission.

If a secret commission was paid, our specialist team can assist you in making a claim to recover compensation for that miss-selling and put right, the wrong that was done to you, recovering any sums that you have paid thus far. If you’re unsure as to whether a secret commission was paid, our team can obtain copies of your documentation and find out to start the process of righting the wrong done to you. Simply contact us to find out more.

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Frequently Asked Questions

There are many ways in which you may have been missold your pension. Common examples include where pension products weren’t properly explained, where all options were not considered, instead, customers were placed on a high-risk investment, when, in fact a steady earning product would have sufficed, where risks weren’t properly highlighted, or, where customers were encouraged to invest in products such as Ukranian Land, Brazilian Rainforests or other overseas investment, without adquate control of the product. In any of these situations, Barrister-Direct can help you.

If you were missold a pension, then you could claim back years of past payments, and, recover the value your pension would have been, had it not been inappropriately invested.

Whilst we would prefer it if you did have the paperwork, at Barrister-Direct, we understand that these things can get lost over time. We can therefore request this documentation, with your authority, from your pension provider.

Whilst it is possible to pursue your claim alone, many can involve lengthy and complicated forms, in addition to experts’ reports and documentary and witness evidence. Should you instruct Barrister-Direct, we will do all of this for you. Our expert team will guide you through each stage of the process and assist you at each and every step of your claim, until you get the compensation you deserve.

At Barrister-Direct, we work under a Conditional Fee Agreement, more commonly known as a ‘No Win No Fee Agreement.’ If you win, you will pay us a maximum of a 25% success fee, if you lose, you don’t pay us anything. It’s our promise.