I took out a 5 yr and a 3yr Global Equity investment with Barclays Wealth in July. The 3 yr one is due to mature and I received a letter from Barclays telling me that my investment crashed in August (one month after it began) and I will receive NOTHING in interest. I will only get my original stake back. I was told that these investments would probably double or even treble when they mature. In fact, the 3 yr one has made me NOTHING!!! I have lost 3 yrs interest that could have been earned in a deposit account. The 5 yr one matures in 2012 and I expect that one to go the same way. I have demanded the rest of my money back to give me the opportunity to at least minimise my losses but Barclays will almost certainly refuse as under the investment terms, no withdrawels are permitted until maturity. Surely, they cannot lock me into a totally useless investment and should return my stake so I can get at least something back?? I have been conned and treated with contempt. I was vigorously encouraged to take out these investments at the time although I wanted to put my money in a high interest deposit account. Had i done that, I would now be several thousand pounds better off!! Can barclays really get away with this?? I think it is robbery and want to know what I can do?? Can you help?? Eddie Hargreaves
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