Claim up to £375,000 Compensation for your Mis-Sold Pension.
Were you advised to transfer your pension into an inappropriate scheme or investment and have lost out as a result? You may be part of more than £10 billion worth of UK pensions that have been mis-sold. We can help you get the compensation you deserve to get your financial future back on track.
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Some well-known companies involved in pension mis-selling...
"The directors all advised clients to transfer their pensions funds into Self-Invested Personal Pensions (SIPPs), but failed to adequately explain to clients that their money was subsequently loaned to high-risk investments based in Mauritius, and therefore not subject to regulation by UK authorities.
Both firms received referrals through Hennessy Jones Ltd, which had a significant financial interest in the SIPPs, and had also designed the advice process the firms used."
The financial advisory firm Strachan and Windram Limited has had its FCA authorization revoked, and from 13/07/12 onwards, they are no longer allowed to offer any regulated financial services or products.
As a result, individuals who had previously invested their pension funds with Strachan and Windram (and subsequently suffered financial losses) are now likely to qualify for compensation.
Corporate & Professional Pensions Limited is under administration
Corporate & Professional engaged the services of insolvency experts, leading the directors to acknowledge the company's insolvency and its inability to continue its operations without undergoing an insolvency procedure.
This situation arose due to the firm's inability to meet its financial obligations concerning the final decisions made by the Financial Ombudsman Service in connection with the due diligence conducted by the firm before embarking on certain pension investments.
What is a mis-sold pension?
When people buy pension products, they should be given high-quality financial advice that is appropriate for their situation and in their best interests. In some cases, bad or misleading advice may have been provided resulting in substantial losses and poor performance.
Bad performance in itself doesn’t mean a pension was mis-sold, but if you were advised to transfer your pension into another scheme without being given sufficient information about the product, and the new pension scheme was unsuitable for your needs, your pension may have been mis-sold. If you believe you were misled about your pension, you may be able to claim compensation.
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Why Claims Depot?
Claims Depot is dedicated to helping those who have been a victim of pension mis-selling get compensation for the losses they may have suffered. We can even help you if the provider or pensions advisor has gone out of business.
If you believe that your pension was mis-sold, contact us to find out how we can help you recover your lost pension funds and secure your financial future. If you are unsure if you have a claim, we can find this out for you, and you don’t need to have all the documentation to hand as we can chase this up for you with the relevant company.
Our compensation recovery experts have helped thousands of pension holders already. Starting a claim is straightforward, and we act on a no-win, no-fee basis, meaning that you won’t have to pay us a thing if your claim is unsuccessful.
Why make a pension claim?
Any pension advice given should take into account a range of factors before recommending a pension product to you. Your income, outgoings, retirement plans and attitude to risk are all matters that should have been considered – if this didn’t happen in your case, you could have been mis-sold.
In some instances, some pension advisors might have intentionally given bad advice to clients just so they could earn bigger commissions. This could have encouraged you to invest in high-risk sectors or promised unrealistic returns on investments.
Making a mis-sold pension claim can help you recover your lost pension funds and hold the responsible parties to account.
Start Your Mis-Sold Pension Claim Today
Get up to £375,000 Compensation for your Mis-Sold Pension
Office hours: 9-5 Monday to Friday
How do you know if your pension has been mis-sold?
There are a number of ways in which you might have been affected by pension mis-selling. If any of the following applies to you following pension advice from an advisor, there is a very good chance you have a valid claim…
- You transferred from a safe defined benefit/final salary pension into a SIPP, QROPS or another unsuitable personal pension.
- You transferred into a scheme with excessive fees or commissions.
- You transferred into an unregulated or potentially fraudulent investment.
- You transferred from a good scheme into a more expensive, complicated, unsuitable, or non-mainstream product.
- A transfer took place without the terms and conditions, risks, charges, or fees being explained.
- You transferred without being informed of any benefits you would lose
- You invested in a high-risk pension or unsuitable non-mainstream product
- Your personal circumstances were not fully explored and considered by the advisor prior to any switch.
How much could a mis-sold pension claim be worth?
Mis-sold pensions can vary considerably, so there is no set amount relating to compensation claims amounts. The level of compensation will be determined by a number of factors including:
- Type of pension you transferred
- How you were misled
- level of financial loss
- Whether the company/advisor involved is still trading
The value of claims could well be into thousands of pounds, so it is well worth enquiring with us. In some circumstances, the Financial Ombudsman Service (FOS) is able to order individual compensation of up to £375,000. Where the financial advisor or pensions provider has failed, compensation is capped by the Financial Services Compensation Schemes (FSCS) at a maximum of £85,000.
Start Your Mis-Sold Pension Claim Today
Get up to £375,000 Compensation for your Mis-Sold Pension
Office hours: 9-5 Monday to Friday
Our Successful Claims...
How long does a mis-sold pension claim take?
Mis-sold pensions can sometimes take several months, and sometimes up to a year, to reach a conclusion. Time taken can often depend on how quickly we are able to obtain the information relating to your claim, plus the complexity of the case.
Where the claim is accepted, there will usually be an offer of compensation. We will handle the whole process on your behalf and deal with the pension advisor or company.
Some of the mis-sold pension claims we handle involve companies or advisors that have ceased trading. In these circumstances, claims can take longer as we will need to take the matter up with the FSCS if needed. Contact us today for a free consultation and a time estimate regarding your claim.
Work with us
Feel free to reach out to us with any inquiries regarding Mis-sold Pensions, and we will respond promptly. You can get in touch through our contact form, send us an email, or simply give us a call. We look forward to assisting you.
