Financial Negligence Claims in Dublin & Ireland

What Is Financial Negligence?

Financial negligence occurs when a financial professional — such as a financial adviser, investment manager, stockbroker, mortgage adviser, or accountant — provides advice or manages your funds in a way that falls below the standard of competence and care expected of a professional in their field, and that failure causes you financial loss.

Whether you were given unsuitable investment advice, had your pension funds mismanaged, or suffered losses due to errors in your financial planning, you may be entitled to bring a financial negligence claim. Gary Matthews Solicitors has the expertise to assess your situation and pursue full recovery of your losses.

Common Forms of Financial Negligence

Financial negligence can take many forms. Examples of cases we commonly handle include:

• Unsuitable investment advice resulting in significant capital losses
• Mismanagement of pension funds or retirement savings
• Failure to disclose conflicts of interest or hidden fees
• Recommending high-risk products to clients with low risk tolerance
• Negligent mortgage advice leading to financial hardship
• Incorrect tax planning advice resulting in penalties or fines
• Failure to implement agreed investment strategies
• Mis-selling of financial products including insurance and investment bonds

Your Rights as a Financial Services Consumer

In Ireland, financial advisers and investment professionals are regulated by the Central Bank of Ireland. They are legally required to act in your best interests, provide suitable advice based on your personal financial situation and risk appetite, and disclose all relevant information. Where they fail in these duties, you have recourse through the courts and, in some cases, through the Financial Services and Pensions Ombudsman (FSPO).

Our solicitors can advise you on the most appropriate route to pursue your claim, including whether to engage the FSPO process alongside or instead of court proceedings, depending on the nature and value of your losses.

What Losses Can I Recover?

In a financial negligence claim, you may be entitled to recover:

• Direct financial losses — the capital you lost as a result of negligent advice
• Lost opportunity costs — the returns you would have made had competent advice been given
• Associated costs such as fees and charges paid to the negligent professional
• Consequential losses arising from the financial harm suffered
• Interest on losses where applicable

Time Limits for Financial Negligence Claims

The standard limitation period for financial negligence claims in Ireland is six years from the date of the negligent act or from when you became aware of the negligence and resulting loss. Acting promptly ensures evidence is preserved and your claim remains strong. Contact us today for a free initial assessment.

Frequently Asked Questions