LayerSlider – Finance 27 Jan

Interest Rate Hedging Products

One area in particular where our clients often need our help is in relation to the mis-selling of Interest Rate Hedging Products. IRHP’s are financial contracts between the customer and a financial institution and take the form of either a Swap, Cap, Collar or Structured Collar.

Many of these complex contracts have been found to have been mis-sold by financial institutions; you may be entitled to a redress compensation. If you have been sold an IRHP speak to one of our team today as it can be difficult to get an understanding of these products without speaking to an expert.

The importance of having an expert help you prepare your case in this situation cannot be understated. We have had successful outcomes in cases that had originally been turned away by the ombudsman simply because they had not been presented in the correct manner.

A review by the FSA in January 2013 found that up to 90% of complex interest rate derivatives sold by banks could have been mis-sold. These figures would suggest that there are many potential cases still to be brought to light and we are here to help you each step of the way.

The Financial Conduct Authority (FCA) took over regulation of IRHP’s from the Financial Services Authority in April 2013. Additional information can be found on their website.

To talk to one our Solicitors, please call 028 9024 2450, or email

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