What Are Mis Sold Pension Claims?
A Self-Invested Personal Pension (SIPP) is that which typically involves a person moving their pension monies into high risk investments. SIPP pensions carry a risk as your investment can increase or decrease in value, meaning that you may get back less money than you invested.
SIPP pensions allow you more flexibility to invest your pension how you choose. They are intended for people who are experienced investors, seasoned in managing their own fund and switching their investments regularly.
How were they mis sold?
If you have invested your pension in a SIPP scheme and have suffered financial losses as a direct consequence, you may have grounds for a mis-sold pension claim if the following criteria apply:
- Investment failed– You were guaranteed a financial return which didn’t materialise.
- Unexplained Fees– You were faced with additional costs, which weren’t explained to you from the start.
- Unexplained Risks– You were not informed of the financial risk associated with your investment.
- Unsuitable Scheme– You received advice to move your pension into a higher risk SIPP, when this was not suitable for your needs.
- Pressure Selling– Your financial advisor used aggressive sales techniques to pressure you into investing in a scheme that you did not want.
What Should I Do Next?
If you believe you have been a victim of mis-selling it’s easy to start the mis sold pension claims process and find out. Just complete the form below and one of our experienced team members with extensive knowledge of the complaints process will call you back to start a FREE assessment.
If we believe there may be a claim for mis-selling we will discuss your complaint(s) and options with you and explain how you may be able to claim compensation.
