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Contracts For Difference Claims Guide

Investments in Contracts For Difference (CFDs) are a little different to investing in normal stocks and shares.

Instead of investing your money INTO the actual asset (like buying shares in a company) and making money by waiting for the price to rise and selling, Contracts For Difference are more like BETTING ON the way the market is going to change.

It’s like the difference between owning a race horse, and betting on it without any ownership.

CFDs funds can sometimes invested in directly through a CFD provider, and in other cases, they may be invested in as part of a pension such as a SIPP.

But not everyone is told that Contracts For Difference are HIGH-RISK and may not be suitable for them, especially considering some people are advised to invest their whole pension fund into them.

Investing in CFDs is like handing your money to a professional to make bets for you, which means they can go up or down.

In fact, with CFDs, you can actually lose more money than you bet!

Many people are now realising they have been mis-sold their Contracts For Difference via a SIPP pension, and may be able to make a claim against their financial adviser.

Check to see if you can make a claim for a mis-sold pension with our FREE initial assessment service.

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CFD Funds and SIPPs

Several financial advisers and the FSCS have been paying out compensation for the mis-selling of CFD investments via SIPPs and SSASs for a few years, with Spencer Churchill Claims Advice often leading the claim on a No Win – No Fee* basis.

If you:

  • Transferred your pension to a SIPP
  • Invested in CFDs or other high-risk investments
  • Aren’t earning over £100k per year
  • Aren’t a Sophisticated Investor

Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.

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Why are Contracts For Difference High Risk?

As mentioned, with CFD investments you can lose more money than you actually invested into the fund.

Because of this high-risk nature, financial advisers should be ensuring that potential investors who come to them for advice are knowledgeable, experienced investors who understand the market and what they are doing, and have the money to recover if things go wrong.

As is surprisingly common in the SIPP pensions market, many financial advisers get this wrong, putting their clients’ retirement funds at unsuitable risk, which can become all-too-real.

If you invested in CFDs through a SIPP pension, you may have a claim for financial negligence. Find out with a free initial assessment with Spencer Churchill Claims Advice.

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