St James’s Place is accused of negligence, mis-selling and overcharging. If you have invested with St James’s Place – even if your investment has performed well – you could be due compensation.
KP Law has launched a no-win, no-fee group action to help affected SJP clients (and former clients) claim what they are owed.
Read on to see our answers to some of the FAQs we have been asked about making a St James’s Place compensation claim with our expert Investment Fraud & Mis-selling lawyers.
What is this claim about?
Historically, SJP clients have been very loyal. But that is changing as more and more evidence about negligent advice, mis-selling, and overcharging comes to light.
The KP Law St. James’s Place (SJP) claim covers:
- INVESTMENT MIS-SELLING. Where SJP advisers have provided negligent advice.
- INNAPPROPRIATE FUND CATEGORIES. Unlike independent financial advisers, SJP advisers can only recommend the company’s own investment products. However, some SJP clients have paid significantly more to invest with SJP despite almost identical but cheaper funds being available elsewhere. In addition, SJP has failed to move some clients to cheaper share classes of the same fund, costing their clients thousands of pounds.
- LACK OF ANNUAL REVIEW. Where SJP customers have been paying adviser fees for a service they are not receiving.
Keeping things simple, our straightforward process empowers SJP clients to claim everything they are due, with one simple sign-up form. Where you are not sure what you can claim for, we can find this out for you.
What is a group action?
A group action claim is launched where a group of people – sometimes even thousands of people – have been affected by the same issue. Group action cases are also known as multi-claimant or multi-party actions (or class actions in the US).
A group action strengthens the overall position of the claimants and can make big organisations take the matter more seriously. As a group action can have a bigger impact than a single claim, this approach increases your chances of success when claiming compensation from SJP.
I think my SJP financial advisor was negligent. Do I have a claim?
To make a professional negligence claim, you need to demonstrate that you were owed a duty of care, that the professional involved breached this duty, and that this breach caused you to suffer a loss. This can be hard to prove, as a professional is not expected to be right 100% of the time. To win your case, you must show that another experienced professional in the same field would have given different advice, or that the professional failed to follow recognised good practice. We have a history of effectively handling these types of cases and can help you make a successful claim.
What are the potential consequences of investment mis-selling?
As a result of investment mis-selling, victims might have:
- Lost thousands of pounds
- Been hit with high fees and charges
- Paid for a service they did not need or receive
- Suffered emotional stress and harm.
Do I need a lawyer to claim compensation from SJP?
You can make a claim without a lawyer. But while a DIY investment mis-selling claim could save you solicitor’s fees, in the end, even if you win, you might walk away with less compensation. This is often due to a lack of understanding over the law/procedures, which can put individuals at a disadvantage when up against savvy (and sometimes aggressive) defence lawyers. And, of course, if you lose your case, you will likely have to pay the other side’s costs. Because KP Law offers no-win, no-fee funding arrangements, you benefit from expert legal support without worrying about costs.
Can I make a SJP claim with KP Law?
You might be eligible to join our group action if:
- You are, or you have been an SJP client in the last 10 years
- You hold, or you previously held an investment, ISA or pension plan with SJP
- SJP advised you to switch an existing pension or investment into an SJP product
- You have paid SJP an ongoing adviser fee for a service you have not received .
Simply register with us and we will assess your case free of charge. Signing up is straightforward and costs you nothing as we act on a no win-no fee basis.
How much will I have to pay if I make a claim with KP Law?
You will only have to pay anything if you win. You will not have to pay anything upfront. Any payment would only come out of the money that we recover on your behalf. We will conduct the claim for you under a no-win, no-fee agreement. If you win, our fees will be deducted from your damages/compensation.
How much compensation could I get?
Each case is different, but many of those affected by this case could be owed many thousands of pounds. Furthermore, just because your case is part of a group action doesn’t mean that you will receive the same amount of compensation as everyone else if successful. All claims are settled based on their merits, and you will receive what you are owed.
Why should I choose KP Law to make a SJP claim?
One of the UK’s leading group action law firms, KP Law has successfully represented claimants in cases against some of the largest companies in the world, including BA, Uber and Ticketmaster. Our dedicated Investment Fraud and Mis-selling team has all the expertise needed to win, even against the most aggressive defence lawyers.
We only represent clients in cases we expect to win. And because we know what to look for when investigating a case, we ensure you get the maximum compensation possible. Our solicitors have even won cases where victims had been told that there was little to no chance of compensation.
Signing up to our group action is straightforward and costs you nothing as we act on a no-win-no-fee basis.
If you are not sure what you can claim for, we can find this out for you.
