Mis Sold Pensions Claims UK

We help clients across the UK with mis sold pensions claims on a no win no fee basis where eligible.


What is a mis-sold pension?

A pension is basically a pot of cash which develops free of UK charge. The size of your benefits is probably going to straightforwardly influence your personal satisfaction in retirement so it pays to keep over your retirement reserve funds.

Your pension is typically put resources into the financial exchange to give it the most obvious opportunity with regards to developing. These ventures can go down just as up. So you could gt back short of what you contribute. This makes it critical to contemplate where you contribute.

The top up from the administration gives you an additional motivating force to spare. They naturally add 20% expense help to whatever you put in. You could get more on the off chance that you cover greater government obligation.
We are here to help you claim back any Mis-Sold pension compensation you may be entitled to

A bag with the word pension written on it is tied to a measuring tape.

How Can You Tell if You Have Been Mis-Sold a Pension?

  • Your Financial Adviser Pressured You into Accepting the Pension Plan

    Despite the fact that it is difficult to demonstrate, in the event that you feel that your money related guide pushed into choosing an annuity plan that you were not 100% content with, you have grounds to guarantee for pay, particularly if the counsel did not furnish you with some other feasible choices.

  • Your Pension Pack Contained Misleading

    On the off chance that your benefits plan contained point by point data about the new annuity plan, yet in some case the data has been observed to deceive. For instance, your budgetary guide could have included models or contextual analyses that caused you to accept that you would get a specific degree of compensation out while this was not the situation.

  • Your Adviser Asked You to Transfer Your Pension Without There Being Any Benefit to You

    It is the task of your budgetary counselor to educate you when there are great arrangements out there and prompt you on which plan is most appropriate to your particular necessity. On the off chance that you feel that your money-related consultant prescribed an annuity move that did not appear to profit you in any away, this is could a sign that your guide was not acting as per guidelines.

  • You Weren’t Offered all the Available Options

    Your annuity given is required to prescribe all the accessible alternatives relying upon your own conditions. On the off chance that your money-related counselor did not illuminate to you about other appropriate annuity items, at that point you might probably guarantee for some remuneration.

  • Your Adviser Didn’t Ask About Your Personal Circumstances

    An authorized benefits supplier ought to consistently ask about your own conditions before prescribing any annuity item. Contingent upon your conditions, there are a wide range of annuity items that you can qualify. In the event that your money related guide did not get some information about your present circumstance, your history and your feasible arrangements, at that point you could have been mis—sold an annuity plan and could be qualified for some pay.

Mis-sold Pensions

A poster for a mis-sold self-invested pension plan
An ad for prudential and standard life assurance
An older man is holding a cell phone in his hands

Mis-sold SIPP

A self-invested individual annuity, or SIPP, is a sort of benefits that opens the entryways, so you can pick your own speculations from a huge choice.

SIPPs additionally make it simple for you to deal with your benefits. You can perceive how it's doing on the web whenever, making changes at whatever point you like. That way you can revive your benefits and at last decide how you make the most of your retirement. 

SIPPs work similarly as other individual benefits. You add cash to your benefits as and when you like. The administration pays in an extra 20% in annuity charge help

In the event that you pay higher pace of expense, you'll more often than not have the option to guarantee back significantly more with your government form. When it's in your SIPP, your cash can develop free from UK capital increases and UK annual expense. The tax reductions will rely upon your individual conditions and duty principles are liable to change.
A doctor is talking to a patient while sitting at a table.
If you have lost money as a result of a Self Invested Pension Plan or you have seen the value of your pension reduced as a result of such an investment you may have been mis-sold. We can find out whether you have been mis-sold and also assist you with pursuing a claim for compensation.  
FILE A CLAIM NOW
**Please note that you can make a claim directly to your Lender and/or the Financial Ombudsman Service without using the services of our firm and without incurring a fee.**
If you have lost money as a result of a Mis-sold Annuity or you have seen the value of your pension reduced as a result of such an investment you may have been mis-sold. We can find out whether you have been mis-sold and also assist you with pursuing a claim for compensation.  
FILE A CLAIM NOW
**Please note that you can make a claim directly to your Lender and/or the Financial Ombudsman Service without using the services of our firm and without incurring a fee.**

Mis-sold Annuity

An annuity is a financial tool for retirement. Not at all like numerous retirement instruments, however, annuities are contracts among you and an insurance agency, instead of with banks or investment organizations. 

You can purchase an annuity in two different ways: either by making a single amount installment to the insurance agency or by paying into it routinely (state once per month). As you give the insurance agency cash, it might contribute it (contingent upon the sort of annuity), albeit ordinarily at a rate lower than what you could possibly acquire by putting resources into stocks and securities. 

Upon retirement, you can decide to "annuitize" the arrangement, which will change it from its "collection period" (when you pay in) to its "amortization period" (when you get paid). For certain annuities, you can get these normal installments all through the remainder of your life, and possibly into the life of a recipient.

FCA fines Prudential £23,875,000 for failures relating to non-advised annuities sales

“Prudential failed to treat some of its customers, who could have secured a better deal on the open market, fairly. These are very serious breaches that caused harm to those customers. Prudential is now rightly focused [sic] on redress and today’s financial penalty reinforces the cardinal obligation of fairness that firms owe to customers.” Mark Steward, Executive Director of Enforcement and Market Oversight, FCA
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FCA fines Standard Life Assurance Limited £30 million for non-advised pension sales failures

"Standard Life Assurance Limited's controls needed to place fairness to customers at their heart. Here, the financial incentives available to staff for selling non-advised annuities by telephone created conflicts which led to unfair outcomes for some customers. Firms must have controls in place to ensure they are prioritising fairness to customers."  -Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA
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MIS-SOLD PENSION TRANSFER

A pension transfer from a characterized advantage (compensation related) benefits plan mean surrendering your plan benefits as a byproduct of a money esteem which is put resources into another benefits plot.

A pension transfer includes a part making a composed application and illuminating them regarding their goal to move these assets to an alternative plan

The heads at that point have a specific time span in which to complete these guidelines. The part may likewise be lawfully required to look for expert counsel before they can continue.
An elderly man is sitting at a table using a cell phone.
If you have lost money as a result of a Mis-sold Pension Transfer or you have seen the value of your pension reduced as a result of such an investment you may have been mis-sold. We can find out whether you have been mis-sold and also assist you with pursuing a claim for compensation.  
FILE A CLAIM NOW
**Please note that you can make a claim directly to your Lender and/or the Financial Ombudsman Service without using the services of our firm and without incurring a fee.**