Home / 1 in 7 over 50 years old targeted by pension “scammers”. Did you transfer your pension?
Cold call about your pension Categories: FCA
Alex Waters Author

Job Title: Senior Case Manager
For more information about me please click here.

Ever had a phone-call you weren’t expecting offering you “free pension advice” or a “free pension review”?

Well according to a series of over 1000 Censuswide online interviews, around 14 per cent of non-retired over 50’s were approached about their pensions in the 3 months leading up to the survey, by companies offering either “free pension advice” or about related investment opportunities.

What about people who took that advice?

Some people will have done just find out of the free advice, but we know from experience that companies offering free pension and investment advice (usually by ringing up out of the blue) are often paid by pension and investment companies to promote certain products, meaning that “free advice” isn’t always in the person’s best interests.

Often, the riskier the investment that’s on offer, the bigger the commission for the salesman offering the free advice.

This has meant that THOUSANDS of people have ended up in high-risk pension investments without realising it, and some of those investments have now failed or are failing, causing people to lose their pensions.

What can these people do?

A great starting point could be a chat with the claims handlers at Spencer Churchill Claims Advice.

Experienced and knowledgeable, the team have claimed back £millions from mis-sold pensions cases, many of which started with that “free advice”.

After a chat, our cases assessors should be able to determine whether you can make a claim for compensation for a mis-sold pension, and may offer our services on a no win – no fee basis* to help out – it’s up to you if you take them up on it!

Don’t take pension mis-selling lying down – have a chat with our case handlers to find out how you might be able to fight back!

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