Special Investment Fund for Personal Injury Claimants
Typically when a person is awarded a financial settlement due to a personal injury claim, they will use the money to pay expenses they have incurred from the injury. The compensatory damages received will likely be invested in some way to ensure it offers a return to the claimant. But often these investors are treated just like any other and are lumped with very risky portfolios. If you’re unable to work and rely on the settlement to provide for your basic living, this is a totally inappropriate investment model.
But recently a group called CF 7IM has introduced a fund designed specifically for personal injury claimants. It was detailed today at Financial Times. Says the article:
“Nicolas Martin, partner for Lancashire-based personal injury specialists Nestor, said many personal injury clients are often treated like “ordinary investors” and have been put into relatively risky portfolios that fail to provide financial security.
He said investment portfolios bear little resemblance to the costs that many personal injury victims face and that the claimants cannot afford to lose money.
Mr Martin said: “We have been very concerned about the investment strategies adopted by many personal injury victims and their advisers.
“They are either faced with simply leaving their damages payments in cash deposits, which rarely keeps up with inflation or invest the money into more risky investments which creates issues and concerns – particularly the rollercoaster we have experienced in the last few years. This did not seem right to us.”
Read the full article here: http://www.ftadviser.com/FinancialAdviser/Advisers/Industry/IFAFirms/News/article/20091119/e6de2fa8-cfa8-11de-91e0-00144f2af8e8/Nestor-and-7IM-offer-personal-injury-fund.jsp
Been injured in an accident? Need help deciding what to do? Call the Nashville accident attorney you can trust to get you the compensation you deserve. Call today to set up a free appointment.
