3PB Direct

Our financial services claims barristers represent individuals and businesses in high value and complex claims against banks and financial institutions, experienced in derivatives, interest rate hedging products “IRHPs”) such as swaps, collars and structured collars, FX products and cases involving manipulation of underlying benchmark rates.

Our proven track record of successfully advising professionals and individuals in high profile and complex financial disputes provides our clients with the confidence they need that our barristers will help them achieve the very best outcome.

3PB’s Head of Chambers David Berkley QC and his team are recognised as leaders in financial services claims. We act on behalf of both individuals and corporate entities making claims against banks and other investment bodies for negligence and breach of contract, with particular experience in investor and mis-selling claims, fraud related disputes and misrepresentations – often involving a wide range of complex financial products such as claims against:

  • Hedge fund managers for mismanagement of client’s portfolio
  • Private wealth managers for unsuitable investment and borrowing advice
  • Banks in relation to unsuitable complex investment products which later collapsed
  • Banks and IFAs for mis-sold interest rate swap agreements
  • International banks in relation to losses on FX transactions
  • Banks and intermediaries for fraudulent misrepresentation and breaches of FSMA
  • Banks and IFAs for breaches of financial regulation.

When advising on corporate investigations, our specialist barristers from our criminal, regulatory and employment teams are used when needed – ensuring our client receives a seamless, rigorous and cost-effective service.

For help and advice please contact David Fielder on +44 (0)3333 231 586 or email us.

Frequently asked questions

Ultimately, this will depend on what you are hoping to achieve. If you believe you were sold a product that was unsuitable then we assume that you would want the product cancelled and your money back. However, financial providers cannot simply cancel your product just because you have made a complaint.

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If you are not satisfied with the outcome of the review then you still have the opportunity to refer your complaint to the Financial Ombudsmen Service (subject to meeting the eligibility criteria). If you customer does not meet the Ombudsman Service’s eligibility criteria, or you believe that you have suffered a loss that is more […]

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Customers who purchased caps are not included in the scope of the review unless they complain to their bank during the course of the independent review and are non-sophisticated customers. If you do make a complaint it will be considered in the same way as the other interest rate hedging products (except structured collars) category. […]

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If you believe that you have been mis-sold a swap agreement then you should seek legal advice. In some cases such as smaller businesses, which are not expected to have a clear understanding of complicated financial products, you may be able to seek redress as set out below. Whilst these cases are currently limited, you […]

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Under the Financial Services Authority Redress Scheme, if you have bought a structured collar from Barclays, HSBC, Lloyds or RBS, the bank should contact you to explain whether you fall within the scope of the review (i.e. whether you are considered sophisticated or not). If you fall within the scope of the review then you […]

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When sold to customers who are likely to lack expertise and understanding of the product (i.e. ‘non-sophisticated customers’), some financial products may be inappropriate. If the product which you were sold has not performed in the way that you expected, or has ended up costing a lot more than you would have expected as a […]

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In January 2013, the FSA published the results of a pilot scheme in an attempt to provide redress to individuals and businesses that were mis-sold interest rate hedging products. The FCA reached agreement with Barclays HSBC, Lloyds Banking Group, The Royal Bank of Scotland and National Westminster Bank to provide appropriate redress where mis-selling has […]

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Interest rate hedging products are typically separate to a loan and, if so, are regulated by the FCA. These products were frequently marketed to customers who had a loan with the bank. There are broadly four types of products that have been sold to customers. Swaps – enabling the customer to ‘fix’ their interest rate […]

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The Financial Conduct Authority (FCA) (formerly known as the ‘Financial Services Authority’ (FSA)), the Financial Ombudsman Service (FOS), consumer groups such as the Consumers’ Association, and the media are increasingly focusing their attention on the mis-selling of financial products. The combination of falling stock markets, decreased returns on investment and growing public awareness of mis-selling […]

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How to instruct a barrister

Our experienced team of specially-trained clerks make instructing a 3PB Direct barrister simple. Watch our video for a step-by-step guide on how to work with us to achieve a resolution to your legal issue.

We’ll be here every step of the way to support and guide you through the legal challenges at hand.

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Financial Services Claims Barristers


Geraint Jones KC

Lawyer since 1976

David Berkley KC

Lawyer since 1979

Joseph Giret KC

Lawyer since 1985

Marc Brittain

Lawyer since 1983

Christopher Edwards

Lawyer since 2008

Charles Irvine

Lawyer since 2010