Pension planning is always a good idea, but knowing where to start isn’t easy. This is why thousands of UK citizens have been mis-sold pension investments over recent years. Often, opportunities that seem ‘too good to pass up’ turn out to be a failed investment, with many losing out on their hard-earned money.
With over half of UK women worrying they won’t have enough money to last through retirement (as discovered in our recent UK survey), it’s easy to see why so many pension planners are turning to investments to boost their retirement savings.
From 30-year-old pension planners to those nearing retirement age, many UK citizens have been stung by bad investments. If you’ve been a victim of financial mis-selling, you’re definitely not alone. There is something you can do about it, however.
I’ve been mis-sold my investment, what should I do?
If you’re certain you’ve been a victim of mis-sold investments, whatever the reason, then we recommend contacting a pension claims specialist. Our experts here at Expert Pension Claims would be glad to help out. The process is relatively simple and they’ll guide you through every step of the way.
I think I’ve been mis-sold, but I’m not certain…
Don’t worry, it’s common for investors to be confused about whether or not they have been mis-sold. Simply losing money doesn’t mean you were mis-sold, you’ll have to meet some of the criteria of financial mis selling. This includes:
- You were given unsuitable advice by the seller
- You did not have the risks explained to you before investing
- You were not given enough information to make an informed decision
- You were not given the opportunity to shop around for better investments
If you think any of the above statements apply to you, contact us today to get started with your claim. If you’re still not certain, we can discuss your investment with you to determine whether you were mis-sold or not.
Safe pension planning for the future
When you’re undergoing the claims process, it’s important that you start pension planning for your future. You might be hoping to invest any compensation into your pension (which is great) but there are some steps you should take to secure your financial future. These include:
- Stay wary of any bad investment opportunities that might arise. Although the high potential for returns might sound appealing, you could end up losing out again in the long-run. Read our guide on how to spot a pension release scam.
- Talk to your friends and family about your financial mis-selling experience. Spreading the word can only be positive. If you have any friends or family members that are also saving for their future, making them aware of any potential hazards could prevent others from being mis-sold.
- Make sure any financial investments are protected by the Financial Conduct Authority (FCA). If you’re still looking for further pension investments, ensure they are protected by the FCA.
Once you’ve filled out a claims form, we’ll be in touch shortly. So, sit back and relax knowing you’re in good hands. In the meantime, keep an eye on our guides & insights section for the latest industry news and advice on pension mis-selling.