The FSCS is looking to reopen compensation claims in relation to investments with offshore holiday property developer, The Resort Group.
Despite the advice firms had failed, including Active Wealth who advised British Steelworkers, investors concerned about losing their investment and/or the advice they were given in relation to investments with The Resort Group, may still be able to recover compensation for their losses. Where an investment provider goes out of business, compensation claims up to the value of £85,000 can still be made through the FSCS.
Commenting on The Resort Group update, Peter McKenna, Partner and Head of the Financial Mis-Selling team at TLW Solicitors said:
“The FSCS reopening Resort Group claims is good news for many of our clients as they can now hopefully be given the proper compensation that they have been waiting a long time for. None of our clients should have been advised to invest in this scheme and we are delighted they will now start to recoup some of their losses.”
Working on a ‘no win – no fee basis’, TLW’s experienced team can help you through the FSCS compensation process. Our clients are reassured by our knowledge and experience of FSCS procedures and, indeed, we have had FSCS claims successfully upheld for clients whose claims had previously been refused on purely technical grounds.
If you are concerned about your, a friend or loved one’s investment with The Resort Group, please get in touch with TLW Solicitors by calling 0800 169 5925, email or complete our callback form.
Time limits can apply and so anyone wishing to bring a claim should do so without delay.
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