johnnygman
Registered User
- Messages
- 188
It would certainly be difficult to confuse the 2, of course if its was up 1/3 then this would not be an issue ,but really no excuse for this kind of careless approach to her life savings.
A full financial factfind would also have been completed to determine the nature of the product suitable for her and her husbands needs, maybe worth making a complaint anyway, but she would have had to sign documentation to confirm she understood the long term nature and risks of this investment, although it is clearly not suitable as an emergency fund and should not be sold as such as should any managed fund that is her only hope of it being upheld i suspect.
On the flip side it is early days yet and if she is prepared to sit it out this is just at present a paper loss and may not be bourne out in the long run despite the present difficult market conditions.
No guarantee on this of course but i would be of the opinion that it would be best left invested after such a heavy fall, and given sufficient time to recover which will no doubt be several years.
A full financial factfind would also have been completed to determine the nature of the product suitable for her and her husbands needs, maybe worth making a complaint anyway, but she would have had to sign documentation to confirm she understood the long term nature and risks of this investment, although it is clearly not suitable as an emergency fund and should not be sold as such as should any managed fund that is her only hope of it being upheld i suspect.
On the flip side it is early days yet and if she is prepared to sit it out this is just at present a paper loss and may not be bourne out in the long run despite the present difficult market conditions.
No guarantee on this of course but i would be of the opinion that it would be best left invested after such a heavy fall, and given sufficient time to recover which will no doubt be several years.