If you received misleading or inaccurate financial advice that left your pension lower than expected, you could be owed mis-sold pension compensation.
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If you were given misleading financial advice, or were persuaded to invest into a pension scheme without having the right information, you may have been mis-sold a pension.
Our teams have years of experience in helping people make mis-sold pension claims. From final salary claims to SIPP and QROPS claims – we are here to help with it all. We understand that a pension represents a lifetime of hard work and savings. That’s why, if you have a valid claim, we will do everything we can to make sure you get mis-sold pension compensation.Speak with a claims expert
These are some of the most common questions we get asked about mis-sold pension claims.
Yes, you may be able to claim compensation for a mis-sold pension if you were given poor advice about transferring your pension or investing your pension funds. You can claim against your financial advisor, the pension provider, or both. Get in touch with our experts today to find out if you have a claim.
The first step of making a mis-sold pension claim is to get in touch with our experts. We can have a no-obligation chat and assess your case to see if you have a valid claim.
If you do, we will start the process of making the claim on your behalf. This will involve gathering evidence, such as your pension paperwork and any correspondence with your financial advisor.
We will negotiate with the pension provider to try to reach a settlement, if one can’t be reached, the case may go to court.
We act in relation to a wide range of pension schemes, including:
There are a number of signs that you may have been mis-sold a pension. These include:
If you think you may have been given poor pension transfer advice, get in touch and our experts can assess your case to see if you have a valid claim.
No, it is not always wrong to transfer out of a company pension scheme. However, it is important to get independent financial advice before you do so. This is because there are a number of risks associated with transferring your pension, such as the loss of guarantees and the potential for higher charges.
Most pension mis-selling lawyers work on a no win, no fee basis. This means that you will not have to pay anything if your claim is unsuccessful. However, you will be responsible for paying the lawyer’s fees if your claim is successful.
To begin a mis-sold pension claim, all you need to do is get in touch with us. You can have a no-obligation chat with one of our experts and, if you have a valid claim, they can help you get the ball rolling. Give us a call today to get started.
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.
No, pension mis-selling is not the same as PPI. Pension mis-selling is when you are given poor advice about your pension, such as being advised to transfer out of a company pension scheme when this is not in your best interests.
PPI is when you are sold a product that you do not need or that is not suitable for you.
Yes, you may be able to claim compensation for a mis-sold SIPP. This is a type of self-invested personal pension (SIPP) that is often sold to people who are not experienced investors. If you were given poor advice about how to invest your SIPP funds, get in touch with our team and they can see if you’ve got a valid 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.
Financial advisors have a duty to provide you with clear and accurate information about your pension options. If they fail to do this, they may be breaking the law. Giving poor advice isn’t a criminal act, unless it is fraudulent.
To find out if you were mis-sold a pension, get in touch with our teams today.
Yes, you can sue your financial advisor for pension mis-selling if they gave you poor advice that resulted in you losing money. But, you may not need to.
Because all financial advisers giving pension advice need to be regulated by the FCA, they have strict rules to follow, and a claim can be made if they fail in their duties.
Yes, you can read more about mis-sold pension complaint letter templates here. While every claim is a little different (sometimes a LOT different), there are some things that end up in pretty much every claim.
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.
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.
The compensation for a mis-sold pension is different for every case. With that in mind, we can’t realistically give an accurate average compensation value. What we can promise is that our team of specialist case handlers are dedicated to getting you the best result available.
If you have been paying into a pension scheme and the provider has recently gone bust, you may be due compensation: this will depend on the type of pension you have and whether the provider was FCA (Financial Conduct Authority) regulated.
Mis-sold pension compensation and tax is a complex issue and we’re not tax specialists at Spencer Churchill, so we can’t confidently advise someone on their tax arrangements. We do suggest that anyone who receives compensation from their mis-sold pension claim to seek independent tax advice for further guidance.
The time it takes to resolve a mis-sold pension claim can vary depending on a number of factors, such as the complexity of the case and the willingness of the pension provider or financial advisor to settle.
The UK pensions mis-selling scandal refers to the widespread mis-selling of pensions to people across the UK. This scandal began in the 1980s and continued into the 2000s. It is estimated that millions of people have been mis-sold pensions, resulting in billions of pounds of losses.
Pension companies have 8 weeks to respond to a mis-sold pension complaint. If they do not respond within 8 weeks, you may be able to escalate your complaint to the Financial Ombudsman Service (FOS).
If you think you’re owed pension mis-selling compensation, fill in the form below. One of our experts will be in touch for a friendly, no-obligation chat to assess your situation.
We’ll go through your options, your rights, and we will discuss how we can move forward. And don’t worry, this is a free assessment and we don’t take any up-front costs.Make a claim
Our team has years of experience in helping our clients get back what is rightfully theirs. Don’t let your pension be a stressful part of your retirement – get in touch today to see if you have a valid claim.Start your claims journey