Mis-sold pension claims
Find out if you have a valid mis-sold pension claim. Fill in our free enquiry form, and we’ll call you back.
What is a mis-sold pension?
Not all financial advisors have your best interests at heart. Poor advice, hidden fees, and pressure to make hasty decisions can rob you of the secure retirement you’ve worked so hard for. If you think you were pushed into a high-risk scheme or left in the dark about costs, you might have been mis-sold your pension.
10 classic signs you were mis-sold your pension
If you’re unsure whether your financial advisor has tried to get the better of you, here are 10 telltale signs of pension mis-selling:
- Being advised to leave a secure pension – Did you have a secure final salary (defined benefit) pension you were advised to transfer out of?
- Risks downplayed or overlooked – Did your adviser brush over the details about potential losses, high fees, or whether the transfer suits your risk tolerance?
- Guaranteed high returns – Investments always carry risk. Claims of guaranteed high returns are often misleading and should raise suspicion.
- Pressured into a decision – Pension transfers can be a life-changing decision that ethical advisers take extremely seriously. If you ever felt rushed, you were likely being mis-sold.
- Unregulated investments – Overseas properties, carbon credits, and storage units are just a few examples of high-risk, unregulated schemes – and are major red flags.
- Pension suddenly lost value – Is your pension down significantly worse than expected? Were you not given prior warning that this would happen?
- Charged hidden fees – Are you paying fees that your advisor didn’t properly explain ahead of time?
- Received unsolicited advice – Were you called out of the blue to discuss your pension transfer? This is a classic move from unregulated, unethical advisers.
- Lost pension benefits – Have you lost guaranteed income or valuable employer benefits since transferring out of a secure pension?
- Struggling to access your pension – Are you having trouble accessing your pension pot as expected without facing huge tax penalties or excessive fees?
If even one or two of these sound familiar, you might’ve been mis-sold and may be entitled to up to £85,000 in compensation. Get in touch with the team at Spencer Churchill Claims Advice now to learn more.
Could you have been mis-sold a pension?
Mis-sold pensions have affected thousands across the UK, leaving many people facing unexpected losses and uncertainty. Between 2020 and 2022 alone, losses exceeded £26 million across 1,500+ cases. In other words, it’s a very real possibility you were mis-sold your pension – and you might not even realise it.
How do I know if I’ve been mis-sold a pension?
Being encouraged to leave a secure final salary pension for a high-risk scheme. Not being told about high fees and potential losses. All this and more has left many people worse off in retirement. If this sounds familiar, you may have been mis-sold your pension and could be entitled to compensation.
How much money could you get for your mis-sold pension?
If you are eligible for compensation from a mis-sold pension, the total sum could be in the tens of thousands, but it all depends on your unique case:
- Value of your pension – You could be owed more if you suffered greater potential losses from a larger pension pot.
- Extent of financial loss – The actual losses you faced also determine how much you’re owed. The higher the loss, the greater the compensation.
- Compensation limits – The amount you can claim also depends on whether your financial adviser or pension provider is still trading.
Financial Ombudsman Service (FOS) compensation limits
If the adviser or provider you’re making a claim against is still operating, the FOS can award compensation up to £375,000.
Financial Services Compensation Scheme (FSCS)
If they have ceased trading, the FSCS can provide compensation up to £85,000. It’s a smaller amount, but still a significant sum of money.
The sooner you act, the better your chances of claiming the absolute maximum payout available. Get started now with Spencer Churchill Claims Advice to make the claims process as simple as possible.
We’re here to recover your mis-sold pension losses today!
Pension mis-selling can be a devastating thing that leaves people uncertain about retirement. If this is you, you’re not alone. We’ve helped people all over the UK recover mis-sold pension compensation, and you can be next.
Why work with us?
Here are four simple reasons why you should work with us to get your hard-earned money back in your pocket:
- We understand pension mis-selling inside out and handle every claim by the book.
- Our team has worked tirelessly to recover millions in mis-sold pension compensation.
- No jargon, no hidden fees. Just clear, honest advice from day one to keep you in the loop.
- You’re not just another case to us. We’ll fully understand your situation and will fight to get the absolute most out of your claim.
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How does our claims process work?
It’s worth finding out if you can get your money back. Here’s how our simple process works:
Real people, real mis-sold pension compensation payouts
We’ve helped pension holders across the UK recover life-changing compensation after receiving poor financial advice. Here are just a few success stories:
Mr J: Transferred out of the Armed Forces Pension Scheme into a high-risk SIPP
Compensation: 92,802.70
Mrs T: Advised to transfer pension without proper risk assessment
Compensation: 50,000
Mr D: Mis-sold advice led to major losses in the Mineworkers' Pension Scheme
Compensation: 159,822.82
These are just a few examples of the people we’ve helped. If you suspect you’ve been mis-sold a pension and deserve a compensation, don’t wait—find out if you have a claim today.
What are you waiting for? Start your mis-sold pension claim now!
Think you’ve been mis-sold a pension? Now’s the time to act. Waiting around could cost you big, and your hard-earned retirement money is at stake. Claiming is quick, easy, and completely risk-free, just leave the heavy lifting to us.
We’ve helped hundreds of people recover their money and are ready to help you, too.
Call us today or fill out our quick online form to take the first step to a better retirement.
What types of mis-sold pension claims do we handle?
Do you know how many people have been mis-sold a pension in the UK?
Millions. And you could be one of them. You could be entitled to as much as £355,000* in compensation. That’s a life-changing amount, and we’re here to help you claim it.
Have you been a victim of financial mis-selling?
Mis-sold pension FAQs
These are some of the most common questions we get asked about mis-sold pension claims.
Can I claim compensation for a mis-sold pension?
Yes, if you received poor financial advice that led you to transfer or invest your pension in an unsuitable scheme, you may be entitled to compensation. Common signs of a mis-sold pension include hidden fees, high-risk investments, or being pressured into a transfer. The Financial Services Compensation Scheme (FSCS) can award up to £85,000 in compensation for eligible claims. Check today if you qualify for a payout.
How do I start a mis-sold pension claim?
Starting a mis-sold pension claim is simple. First, get a free, no-obligation review of your case from our claims specialists. If you have a valid claim, we’ll handle all the paperwork and submit your case to the FSCS or Financial Ombudsman. You won’t pay anything upfront, and we’ll keep you updated at every step. Start your claim today.
How much does it cost to claim for a mis-sold pension?
Most mis-sold pension claims are handled on a no win, no fee basis, meaning you won’t pay unless your claim is successful. If you win, a pre-agreed fee will be deducted from your compensation. We offer free initial assessments, so there’s no cost to check your eligibility. Find out if you have a claim today.
How long do I have to claim for a mis-sold pension
Yes, there is a time limit on making a claim for a mis-sold pension. The time limit is usually six years from the date you received the poor advice, or three years from when you ought to reasonably have known you had cause to complain. We would need to consider this on a case by case basis.
How can I make a mis-sold pension claim?
Starting a mis-sold pension claim is straightforward with us. Simply reach out for a no-strings-attached chat with our specialists. If your claim is valid, we’ll help you kick things off. Why not give us a call today? We’re here to help.
Can I take legal action against my financial advisor for mis-sold pension advice?
Yes, if your financial advisor gave negligent or misleading pension advice, you may be able to claim compensation. If they are still trading, you can complain directly or escalate to the Financial Ombudsman. If they have ceased trading, the FSCS may provide compensation of up to £85,000. Contact us to explore your legal options.
Can I get compensation for bad pension advice?
Yes, you may be able to claim compensation for bad pension advice if you can prove that the advice you received was negligent. This means that the financial advisor must have failed to meet the standard of care that a reasonably competent financial advisor would have met in the same circumstances.
We know it can sound complicated, which is why we’re here to help! Get in touch with our teams today for a no-obligation chat about your situation.
How much do you charge for a mis-sold pension claim?
At Spencer Churchill Claims Advice, we offer a FREE initial assessment of your claim and we won’t take any fees up front – ever. Our team of experienced and specialist claim advisors are trained to get you the most mis-sold pension compensation possible.
How much compensation can I get for a mis-sold pension?
Compensation for a mis-sold pension depends on the financial loss suffered. The FSCS compensation limit is up to £85,000 per claim, while the Financial Ombudsman may award more in certain cases. The final amount depends on investment losses, fees, and lost pension benefits. Get in touch to see how much you could claim.
Can I still claim compensation if my pension provider has gone bust?
Yes! Even if your pension provider has collapsed, you may still be eligible for compensation. The FSCS provides up to £85,000 in protection if the firm was FCA-regulated. If your pension was transferred into an unsuitable investment, you could still recover lost funds. Check now to see if you qualify.
How long does it take to receive mis-sold pension compensation?
The timeframe varies depending on the complexity of the case. FSCS claims typically take 6–12 months, while Financial Ombudsman cases may take longer if the firm disputes liability. We handle the full process, so you don’t have to worry about delays. Start now to get your claim moving today.
What is the Financial Services Compensation Scheme (FSCS) and how does it help with mis-sold pensions?
The Financial Services Compensation Scheme (FSCS) protects consumers when FCA-regulated firms go bust. If you’ve been mis-sold a pension by a firm that has ceased trading, the FSCS can award up to £85,000 in compensation. If your financial loss exceeds this amount, you may still be able to claim additional compensation through the Financial Ombudsman Service (FOS).
Think you have a claim? Contact us today for a free assessment.
What happens if I was mis-sold my pension by a regulated firm that is still trading?
If your financial advisor or pension provider is still in business, you must first file a complaint directly with them. They have eight weeks to respond. If they reject your claim or fail to compensate you fairly, we can escalate your case to the Financial Ombudsman Service, which may award additional compensation.
Not sure where to start? We can guide you through the process. Get in touch today.
Can I claim for a mis-sold pension transfer into a SIPP?
Yes, many pension holders were mis-sold a Self-Invested Personal Pension (SIPP) without fully understanding the risks. If you were advised to transfer into a SIPP that contained high-risk or unregulated investments, you may be entitled to compensation.
Common red flags include:
- Investments in overseas property, forestry schemes, storage pods, or carbon credits
- Hidden fees that drained your pension
- Losing valuable pension benefits
Find out if you’re eligible to claim back your money today.
How do I know if my pension was invested in a high-risk or unregulated scheme?
Many mis-sold pension schemes were invested in high-risk, unregulated assets. If your pension was transferred into a Self-Invested Personal Pension (SIPP), a QROPS, or another private scheme, check if it included:
- Overseas property developments (hotels, resorts, vineyards)
- Forestry or ethical investment schemes
- Storage units or carbon credits
- Non-standard investment funds with no FSCS protection
If your pension was placed in any of these schemes without your full understanding, you could be entitled to mis-sold pension compensation.
Don’t wait – check if you qualify for a claim today.
Start your mis-sold pension claim today
Ready to take the next step? We’re here with clear, no-pressure advice. Give us a call today to find out if you have a valid claim
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