You may have investment claims if any of the following statements are relevant to you:
- You were an inexperienced investor
- You lost money on your investment
- You were not happy investing in stocks and the share market
- You invested more than you could afford
SIPP Investment Claims Compensation
Were you advised to transfer your pensions by advisers who had not properly considered whether this was appropriate in light of the necessary criteria. This included the size of the pension fund, your attitude to risk, your capacity to incur losses and the overall suitability of the proposed underlying investments.
A maximum £85,000 compensation is currently available from The Financial Service Compensation Scheme. Even if the company that advised you about your pension is no longer trading you can still make a claim. If you have concerns about your pension, get in touch with us today to see if you can claim compensation.
What Is A SIPP?
A SIPP or self invested personal pension is a type of personal pension that gives you a far greater level of freedom about how you invest your retirement funds than you can get with any other pension. You are in complete control of how and where your money is invested – you make the decisions that will determine how your pension pot performs.
How were they mis sold?
Clients were advised to transfer their pensions by advisers who had not properly considered whether this was appropriate in light of the necessary criteria including, the size of their pension fund, their attitude to risk, their capacity to incur losses and the overall suitability of the proposed underlying investments.
How Do I Know If I’ve Been Mis-Sold?
- Given poor advice – Where you were advised to switch, even though your existing scheme was more suitable to your current and future pension needs.
- No advice given on the risks – If you were not given advice about the risky nature of investing in property and the potential negative implications.
- Hidden fees – Did your adviser explain all the fees to you? Did they try to hide the fact they took a big commission payment for selling you your SIPP and investments?
SIPP Investment Claims
If you believe you have SIPP investment claim then it’s easy to start the SIPP claim process and find out. Just complete the form below and one of our experienced team members with extensive knowledge of the SIPP 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.
What are high risk investments?
High risk investments are not regulated by the Financial Conduct Authority (FCA) – the watchdogs of the UK finance world, and many of them are based abroad or floated on foreign stock exchanges, meaning they may be more open to volatility, fraud and collapse.
If something was to go wrong with any of these investments (and in many cases, it has gone very wrong), then the investors in them may lose everything they invested.
Because these are FCA unregulated investments, the investments themselves are not protected by the FSCS.
What are UCIS and illiquid assets?
Unregulated Collective Investment Scheme (UCIS) – These investments are not regulated by the FCA, and are considered high-risk. They are a type of non-standard investment.
Illiquid Assets – An asset is an investment you have ownership of. If an investment is “liquid”, it means there is a vibrant market for it, meaning shares in the investment can be bought and sold easily. Illiquid is the opposite, and investing in an asset that is “prone to illiquidity” could mean that your money gets trapped there for a long period of time, or may drop in value, sometimes to nothing.
Examples of high risk investment claims
Aegis Power Bonds, Beaufort Securities, Cape Verde Hotel Investments, Carbon Credit, DFM Portfolios, Elysian Fuels, Ethical Forestry, Freedom Bay St Lucia, Global Plantations, Green Oil Plantations, Greyfriars Portfolio, Harlequin Properties, InvestUS, Lomax Student Halls, Overseas Property, Parking Spaces, Cape Verde Resort Group, Strand Capital, Store First, Venture Oil.
And the list goes on!