Mis-Sold Pensions
Are you worried your you could be worse of in retirement due to being mis-sold a pension?
You’re not alone. Many UK pension holders have realised too late that the advice they received was not in their best interests, often leading to significant financial loss. Mis-sold pensions have left many individuals in the UK facing an uncertain retirement.
Claiming Compensation for Mis-sold Pensions
If you were advised to switch pensions without a full understanding of the risks, you might be entitled to compensation. We understand how distressing this can be, and we’re here to guide you through making a claim to regain your financial security and secure the retirement you deserve.
Contact us today to find out how our Mis-Sold Pensions team can help you recover any lost pension savings, fees you may have paid and growth on your pension you may have lost.
Mis-Sold Pension FAQs:
What constitutes a mis-sold pension?
A pension is considered mis-sold if the advice given was unsuitable for your financial situation, or if the risks involved were not fully explained, resulting in financial loss.
How can I tell if I’ve been mis-sold a pension?
Indicators include being advised to transfer to a pension with fewer benefits or higher fees without a clear explanation of the risks involved. You may have also been cold-called for a free pension review.
Can I claim compensation if the provider of my mis-sold pension is still operating?
Yes, you can claim compensation even if the provider is still trading, provided there is evidence of mis-selling.
What evidence do I need to support a mis-sold pension claim?
Documentation of the advice given, pension transfer details, and evidence of any financial losses incurred are necessary.
How long does it take to resolve a mis-sold pension claim?
Most claims are resolved within 3 to 18 months, depending on the complexity and the cooperation of the parties involved.
Can I still claim if my pension was mis-sold several years ago?
Yes, generally you have six years from the date of the sale or three years from when you became aware of the mis-selling. We have had upheld claims up to 14 years after the event.
Contact us today for an exploratory call
Claiming Compensation for Pension Negligence
Mis-sold pensions often result from pension negligence, where incorrect advice or mismanagement leads to financial loss. You may be entitled to compensation, covering lost investments, fees, and potentially even damages for emotional distress or reputational harm.
Are you worried that poor advice or mismanagement from a financial adviser has cost you money?
Are you worried that you may have invested into something that wasn’t right for you?
Have you used Hire Purchase or Personal Contract Purchase to purchase any vehicles over the last 10 years?
