Financial Negligence Claims Ireland

Financial Negligence Claims — Recovering Your Losses

Financial negligence occurs when a bank, financial adviser, investment broker, insurance company, or other financial professional provides negligent advice or fails in their duty of care, causing you to suffer financial loss. In Ireland, individuals and businesses have successfully claimed significant compensation for losses arising from negligent financial advice and mis-sold financial products.

At Gary Matthews Solicitors – Injury Law, our specialist team handles all types of financial negligence claims with the expertise and determination needed to hold financial institutions and advisers accountable for their failures.

Common Types of Financial Negligence Claims

• Mis-sold Investment Products: You were sold an investment that was unsuitable for your risk profile or financial circumstances
• Mis-sold Pension Plans: You were advised to transfer out of a defined benefit pension scheme without being properly informed of the risks
• Negligent Banking Advice: A bank officer provided incorrect advice that led to financial loss or damage to your business
• Mortgage Mis-selling: Unsuitable mortgage products sold without full and fair disclosure of terms and risks
• Insurance Policy Negligence: Advice to take out inadequate insurance coverage, leaving you exposed to uninsured losses
• Investment Portfolio Mismanagement: A portfolio manager made decisions that deviated from your agreed investment strategy without consent
• Tracker Mortgage Overcharging: You were wrongfully denied your tracker mortgage rate

How We Assess a Financial Negligence Claim

Our solicitors will conduct a thorough review of your case, examining:

• The advice you received and the context in which it was given
• Whether the adviser had adequate knowledge of your financial circumstances, goals, and risk tolerance
• Whether the products or advice met the standard expected of a competent financial professional
• The quantifiable financial losses you have suffered as a direct result

The Financial Services and Pensions Ombudsman (FSPO)

In Ireland, complaints about financial service providers can be made to the Financial Services and Pensions Ombudsman (FSPO). Our solicitors can advise you on whether to pursue your claim through the FSPO process or through the courts, and which route is most likely to achieve the best outcome for your specific circumstances.

Time Limits for Financial Negligence Claims

The limitation period for financial negligence claims in Ireland is generally six years from the date of the negligent act, or from the date you ought reasonably to have discovered the negligence. However, in cases involving personal injury arising from financial stress, a two-year limitation period may apply. Early legal advice is essential.

No Win No Fee Financial Negligence Claims

We handle financial negligence cases on a No Win No Fee basis wherever possible, removing the financial barrier to accessing justice. Contact our team today for a free assessment of your claim.