Have You Been Mis-Sold a Pension by The Retirement Adviser?
Here at HT Legal, we specialise in assisting people that may have been mis-sold or unsuitable pension advice provided by firms like The Retirement Adviser. If you feel that you could have been mis-advised, you may be entitled to claim a compensation or redress. Explore your claim using our no win, no fee service without risk to your finances.
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What Happened with The Retirement Adviser?
The Retirement Adviser is a trading name of LEBC Group Limited, which has been associated with high-profile pension mis-selling claims, including defined benefit (DB) pension transfer advice. Many clients of The Retirement Adviser were placed in vulnerable positions as a result of LEBC Group’s financial difficulties and entry into administration. As such, those of its clients receiving unsuitable pension advice will definitely be impacted.
If you used The Retirement Adviser and transferred out of your pension based on what they advised you to do, then it’s now time to take some action. You may have been sold unappropriate investment strategies or advised to leave a defined benefit pension scheme, persuaded into a higher-risk product through which your retirement savings may have been depleted.
How Can We Help?
At HT Legal, we provide a free, no-obligation consultation to assess your situation. We specialise in pension mis-selling claims and will carefully review your case to determine whether you may be eligible for compensation. We work on a no-win-no-fee basis, ensuring that you don’t have to worry about upfront costs or financial risks.
Contact Us Today at 0800 041 8358
The Impact of Mis-Selling on Clients of The Retirement Adviser
For most, the results of years of hard work and savvy financial planning would come together in a bad outcome. unfortunately for clients of The Retirement Adviser, they may have been sold unsuitable pension products or advised to transfer large sums, both bringing them significant loss.
If you were advised to move a defined benefit pension, you would probably lose the security of a guaranteed lifetime income. This kind of mis-selling also leaves you vulnerable to financial risks on retirement, whereas the above can make bad facts worse with high fees, poor fund performance, or weak investment advice.
At HT Legal, we realise just how strenuous this can be. We are here to offer support, guidance, and professional advice to help walk you through this stressful time. Whether concerned about your current pension plan, or believe you have been mis-sold a pension, we will be here for you.
What to Do Next
If you feel that you have a claim against The Retirement Adviser, then it is important that you act quickly. Sometimes, there can be a time limit on a claim, and the sooner we hear from you the sooner we can find all the relevant evidence to substantiate your claim.
Call us today on 0800 041 8358 or use our website at claimmyloss.co.uk to make a free consultation.
The Retirement Adviser Pension Mis-Selling FAQs
What is pension mis-selling?
With pension mis-selling, in particular, this happens when a financial adviser advises you poorly. Then, you go and act on such advice and make an investment or a transfer against your best interest. This might involve moving from a secure pension, such as defined benefit, to a higher-risk product in a manner not well understood.
How can I tell if I’ve been mis-sold a pension by The Retirement Adviser?
Therefore, if a person was more or less ‘asked’ to move a defined benefit pension or invest in a riskier product than he was aware of what all of this implied, it probably means he was mis-sold his pension. High fees, for instance, along with low or poor investment funds performance, or being pushed into investing are some of the most telling signs.
What can I claim for if I’ve been mis-sold a pension?
If you believe that the pension was mis-sold, then you have the right to claim financial compensation against losses that could have comprised the erosion of guaranteed benefits, poor performance of funds, high fees, or other financial detriments.
How long do I have to make a claim?
In most cases, you have six years from the date of the mis-selling or three years from when you became aware of the issue to make a claim. However, it’s important to act quickly to ensure you don’t miss any deadlines.
What happens if The Retirement Adviser is no longer trading?
Although The Retirement Adviser was a trading style of LEBC Group Limited, which is no longer authorised, claims can still be made through the Financial Services Compensation Scheme (FSCS). Our team can guide you through the claims process to ensure you receive the compensation you deserve.
Further Information on The Retirement Adviser and LEBC
Background on The Retirement Adviser
The Retirement Adviser was a trading name under LEBC Group Limited, focusing on providing retirement advice and financial planning services to clients across the UK. As part of LEBC’s suite of financial services, The Retirement Adviser dealt primarily with pensions, retirement income planning, and investment advice.
The Collapse of LEBC and Its Impact
LEBC Group Limited faced numerous claims related to unsuitable pension advice, particularly around defined benefit transfers. Before its administration, the firm was embroiled in redress claims that could amount to over £6.2 million. While the FSCS is currently investigating over 200 claims related to LEBC and The Retirement Adviser, former clients can still bring forward claims now.
What Went Wrong with The Retirement Adviser?
Many clients of The Retirement Adviser were converted away from secure, defined benefit pension schemes into high-risk products by such advice. They ultimately lost valuable guaranteed income in their retirement years. In other cases, funds simply did not perform well or were subject to excessive charges through the pension investment. End.
Have you received pension advice from The Retirement Adviser that leaves you financially worse off due to the advice they gave you over pensions? Get in touch with us for free advice. We will inquire deeply into your case to get you all the evidence required to plead compensation on your behalf.
Trust HT Legal with Your Claim
At HT Legal, we pride ourselves on offering an empathetic, client-focused service. We understand that dealing with financial losses and mis-selling claims can be stressful, and we are here to support you every step of the way. Our no-win-no-fee service ensures that you can pursue your claim without financial risk.
Take the first step today by calling 0800 041 8358 or visiting claimmyloss.co.uk to schedule your free consultation.
