It is worth trying. You can write to the financial adviser stating that the charges, and his/her commission should have been clearly disclosed to you and not hidden in small print. You should also question strongly why this particular product, rather than one with low charges, was recommended. You can also contact the financial ombudsman.

For future reference, you should look for any plan investing in stocks and shares to have charges which are clearly disclosed and which are somewhere in the region of 5% on entry plus around 1% each year.

I invested in a Mortgage ISA Plan (Stocks & Shares ISA plus Life Insurance element) nine years ago on the advice of a financial adviser. While I appreciated the risks I was taking with a stocks & shares ISA, what the financial adviser neglected to tell me was there were 67.5% charges in the first two years. Unfortunately I never noticed this in the literature until after the 14 day cooling off period. Recently, the company that administers the plan has gone into administration. Whilst my investment is safe, it has made me realise what a poor investment choice this was. Whilst I appreciate the turmoil the stock market has been in over the last year or so, I have paid £1700 more into this plan than it is currently worth. I feel this has been compounded by the excessive charges in the first two years. Whilst I take reponsibility for my own poor decision and the fact I have continued to pay into the ISA, do you think I have a valid grievance against the financial adviser regarding the charges?