Are you one of the many people who are tired of paying expensive fees for poor performing investments where Self-Invested Personal Pensions (SIPPs) are to blame?

We can help people like you receive financial compensation when problems arise with investments.

There are numerous SIPP provides that have found themselves in trouble lately, multiple complaints are being made about companies failing to perform the required level of due diligence regarding unregulated and high-risk investments.

Clients are extremely frustrated as they are having to pay expensive annual charges and fees for investments that have failed whilst receiving letters demanding money to cover unseen costs.

A Duty Of Care

Although SIPP providers aren’t technically authorised to provide their clients with financial advice, they are responsible for having a duty of care to their clients by acting in a way that is in their best interest.

This raises the question ‘how can it be in your best interest to put your money into a SIPP without first being given all of the information needed in order to make a well informed decision before parting ways with your funds?’

Although some SIPP providers may state that they performed research into investment companies involved, it’s clear that none of them actually ever presented their clients with a comprehensive exit strategy.

Investment Value

The valuation of SIPPs can be very confusing for clients who are not experienced investors, therefore it may be the case that your investment value hasn’t dropped but is still at risk. It’s common for SIPP providers to quote outdated and inaccurate valuations.

Compensation Claim

Unfortunately many companies are reluctant to explain why a failing investment may possibly be their fault. It has been the case that some IFA’s have told their clients to sign up to group class actions or to go after the investment firms themselves direct, this is done in order to take the attention away from the real truth of the situation. If this is something that has happened to you, then the alarm bells should be sounding.

Risky Investments

You should get someone who is completely independent to review your transaction to see if it is suitable. You need to act fast though to ensure you don’t lose any of your money as there are time barring restrictions in place.

The main problem with investments like this is that most people aren’t aware that the investments they’re making are high-risk. They weren’t provided a full and clear explanation that their money could end up being stuck in a SIPP whilst having to pay yearly charges/fees for each and every investment in their portfolio.

Even if your investment’s providing you with an income, it may not be as good as what was promised therefore should be looked into. It may be the case that the investment fails and your money is lost, by that point though it might be too late.

Next Steps

Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.

Frequently Asked Questions

Pension mis-selling occurs when a financial adviser provides unsuitable advice to transfer or invest your pension into schemes that are inappropriate for your financial situation or risk appetite. This could include high-risk investments or inappropriate pension transfers, such as moving a defined benefit pension into a riskier scheme.

You may have been mis-sold a pension if:
– You were advised to move your pension into high-risk investments without understanding the risks.
– You were not informed of exit fees or charges when transferring your pension.
– You were advised to transfer out of a defined benefit pension, which led to financial losses.
If these situations sound familiar, you could be entitled to make a claim for compensation.

Compensation depends on the extent of your losses. Typically, it includes financial losses due to bad advice or mismanagement, including lost returns, exit fees, and fees paid for services that were not delivered. We assess your case and help you understand the potential amount of compensation.

There are time-barring restrictions for pension mis-selling claims, usually six years from when the advice was given, or three years from when you realised the pension was mis-sold. It’s important to act quickly to ensure your claim is within the legal timeframe.

The process involves:
– A free consultation to assess your case.
– Gathering of all necessary evidence, such as contracts and statements.
– Submission of your claim to the Financial Services Compensation Scheme (FSCS) or other relevant bodies.
We handle the entire process for you and keep you informed throughout.

Our services are provided on a no-win-no-fee basis, meaning you will only pay if we successfully recover compensation on your behalf. There are no upfront costs or hidden fees.

Yes. If Barton Hatcher Ingram Financial Management Limited is no longer trading, you can still make a claim through the Financial Services Compensation Scheme (FSCS), which handles claims for firms that have gone into liquidation.

The time it takes to process a pension mis-selling claim can vary based on the complexity of the case and the involvement of other parties. On average, claims can take several months to a year to resolve, but we will work diligently to handle your case as efficiently as possible.

News & Updates about Unfair SIPP Fees and Charges

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