The mis-selling of pensions began in the late 1980s and continues to this day. According to recent studies and reports there are more than seven million people affected in the UK by this scandal with many not actually realising until it’s too late. The good news is that with the help and support of our team we can help you on not just mis-sold pensions but also advice on SIPPs and SERPS compensation.
Compensation claims have already been paid to hundreds of thousands of people with claim values ranging between £20,000 to upwards of one hundred and forty thousand pounds. Pension rules have been strengthened in recent years with the Financial Conduct Authority coming down hard on firms that are mis-selling to clients or leading them into poor performing products with the thought of high commission payments.
Unfortunately there are still ways in which the bad apples can work in this highly regulated market place. We have recently reported on this through blog posts and new pages looking at un-regulated pension companies who have been ripping savers off around the UK.
But it Happened So Long Ago…
But how do you know if you have been mis-sold a pension if it all happened so long ago? If you feel there is a possibility that you have been mis-sold then our legal team will be happy to look into it for you, even if it happened many years ago.
We are currently seeing a rise in claims from people who have been poorly advised to self-invest their pension pot into unregulated and even unethical investments. These investments include but are not limited to green overseas investments, ethical forestry and overseas property investments.
So what should you think you have been mis-sold and where do you even start? Like anything, you can go it alone and there is support and pension mis-selling letter templates available online. But given that this is your pension pot and possibly involves a large amount of money that can make a huge difference to your standard of living when you retire, then we would always recommend that you use specialists such as ourselves.
If you want the help of professionals who have already successfully claimed compensation amounts for thousands of people who were mis-sold financial products then we can help you. We offer a no win no fee service to exclude any additional financial pressures at the same time.
What happens if you don’t have all the information about the advice or the pension itself?
That is not a problem. It can make it slightly more complex but that is not for you to worry about as we can track your records and make sure we get the right paperwork to see if you have been a victim of mis-selling or not. If you have then we can begin to work on your behalf in reclaiming your hard earned pension pot.
Tip: Don’t ever sign-up for any sort of pension without understanding exactly what you are investing in. Financial advisors and pension providers by law have to offer you a “cool-down” period after they propose advise and we recommend that you use this time to gain additional knowledge around the products.