Home / 4 Big SIPP Claims Myths Busted
Myths about mis-sold SIPPs Categories: SIPP Claims
Alex Waters Author

Job Title: Senior Case Manager
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If you’re looking at making a SIPP claim, you could be going through an emotional time and some of the SIPP claims myths don’t help – a mix of fear, shock, confusion and anger as you come to terms with the idea that somebody, usually a financial adviser, has put your pension fund at risk, profited from it and you could be looking at some big losses.

But don’t let these 5 big SIPP claims myths hold you back from getting the justice you deserve!

Myth 1: “Fighting for a SIPP claim will cost me a fortune”

It doesn’t have to. In fact, if you know what you’re doing, you may be able to do it for free through the FOS or FSCS. Many people feel they need a little help to cut through the jargon and paperwork involved, and just like with PPI (yes, we hate those phone calls too), the help is out there.

Spencer Churchill Claims Advice are at the sharp edge of pension mis-selling and specialise in SIPP claims, and charge a flat rate of 24% Inclusive of VAT of any compensation awarded on a no upfront cost basis, meaning that you’ve no reason to let a lack of up-front cash hold you back from having a go at getting justice over your pension.

Myth 2: “It’s my own fault for signing the paperwork.”

In most cases, simply NOT true. We’ve been through hundreds of mis-sold SIPP cases, and time and time again we uncover new and sophisticated ways in which smart but perhaps unethical or bumbling salesmen, as well as charming but negligent IFAs mis-sell SIPP pensions and investments. It may not matter at all that you were the one that put pen to paper and signed the pension transfer – it’s the advice that led you to do it that is important!

If you think you’ve been mis-sold, don’t kick yourself too hard – save some energy for the fightback!

Myth 3: “My financial adviser went out of business so I can’t claim”

If we can prove a case for negligence on the part of your old regulated financial adviser before they folded, then we’ll take that case to the Financial Services Compensation Scheme on your behalf. The FSCS is nick-named the “lifeboat scheme” because it’s there for when everything else fails, and can pay up to £50,000 for negligent financial advice leading to a mis-sold SIPP.

Myth 4: “I don’t know the jargon, I’ll never get a successful outcome”

Well, that’s what we’re here for. Spencer Churchill Claims Advice handle all the paperwork and strategy, backed by a wealth of knowledge and experience about SIPP claims. We like to cut as much jargon out of the process as we can to try to make sure a SIPP claim is accessible to everyone who deserves one.

We’ve quite literally claimed back £millions on behalf of our clients from mis-sold SIPPs, all on a no upfront costs basis, and each one of those claims began with our FREE Initial Assessment.

Just pop your details into our form and we’ll call you back for a chat about your pension, how you got into it, and what problems your having, before letting you know whether you’ve got a claim or not.

If you do – great! You’ll be given the option to use Spencer Churchill Claims Advice to fight your corner, or go it alone – it’s a FREE initial assessment, with no-obligation!

Please note: you have an initial cooling off period of 14 days, if you cancel outside of this period you may be charged for the work carried out and if we have already submitted your claim, which results in an offer of compensation subsequently being made, we will charge our full fee as per our T&Cs – our fee is 20% + VAT – a total of 24%. 

Tags: Mis-Sold Sipps Myths Busted SIPP Claims

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