SIPP Claims
Were you advised to invest in a Self-Invested Personal Pension (SIPP) only to see your pension savings go down?
SIPPs can offer flexibility, but they also come with risks that not everyone is made aware of. If you were advised to invest in high-risk or unsuitable products through a SIPP and are now facing losses to your pension savings, you may have been mis-sold the SIPP.
We know how overwhelming this can feel, we are here to help you understand your rights and take the burden away from you by chasing the regulated parties involved on your behalf for the maximum financial compensation or redress available to get you back to the position you should have bee in before the mis-sold SIPP.
Let us advise you on how to reclaim your hard-earned pension savings. Contact us today for expert guidance.
SIPP Claims FAQs:
What is a SIPP claim?
A SIPP claim is a request for financial compensation or redress due to losses suffered as a result of transferring your pensions to a Self-Invested Personal Pension.
Who can make a SIPP claim?
Anyone who has suffered monetary loss due to poor or negligent advice regarding their SIPP or the investments within the SIPP may be eligible to claim.
What compensation can I receive from a SIPP claim?
Compensation may include the recovery of lost funds, fees paid, and potentially interest lost from the SIPP set up to date.
How do I start a SIPP claim?
Gather as many relevant documents, as you can however provided we have the details of the SIPP we request information from them build your case to maximise your compensation.
What evidence is needed for a SIPP claim?
You will need documentation of the advice given, investment records, and evidence of financial loss, however don’t be put off if you don’t have these. As regulated solicitors we can gather this information on your behalf.
Can I claim compensation if my SIPP investments are still active?
Yes, you can claim compensation if the SIPP investments were unsuitable or mis-sold, even if they are still active.
SIPPs offer a range of investment options, including commercial property, stocks, unquoted shares, and gold bullion. Unfortunately, some firms exploited these choices, leading investors to suffer significant losses. If your SIPP investments were not properly vetted by your provider, this could strengthen your claim and, in some cases, double the amount of compensation you may be due.
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