The Standard Life Global Absolute Return Strategies fund (Gars) promised that it would make 5% a year more than savers would get from bank accounts, without the volatility of the stock markets. This is in stark contrast to the actual performance of the fund, with the returns being so poor that even if investors had left their cash at the current low deposit rate, it would have earned more.
The fund holds nearly £20 billion of small investors’ cash, some of which has potentially been mis-sold. It has been described as very complex with significant trading costs which may not be suitable.
If you have been affected by any of the above please contact our team today.