MISS-SELLING OF PENSIONS
Charles Lyndon can often help you bring a claim even if the adviser or provider has failed and is unable to return your money itself.
MISS-SELLING OF PENSIONS
Charles Lyndon can often help you bring a claim even if the adviser or provider has failed and is unable to return your money itself.
Call Us Any Time For Free Pensions Consultation 0207 058 0050
MIS-SOLD PENSIONS
Saving for retirement is important and it can be devastating to find that your pension was mis-sold and you have less to live on than you expected. If you suspect you are in this situation because you received poor advice contact us to receive free, no obligation advice.
Poor Advice On Your Pension?
Many people take the advice of pension providers, financial advisers and banks in deciding how to best provide for their future. However, there are a number of instances where this advice has been insufficient or inappropriate. We act on behalf of individuals who have been mis-sold pensions due to poor quality advice.
Charles Lyndon can often help you bring a claim even if the adviser or provider has failed and is unable to return your money itself. We bring most of these claims on a ‘no win no fee’ basis.
Common instances where people may have a claim include:
- Investing in a SIPP due to insufficient or inappropriate advice
- Transferring a final salary pension due to insufficient or inappropriate advice
SIPPs
Many pension holders have transferred from traditional occupational pensions to self-invested personal pensions (SIPPs). These are often comprised of unregulated and speculative investments. There are a huge range of these unregulated investments, a few examples are:
- Low carbon fuels
- Overseas hotel and housing investments
- Ethical forestry
- Store Pods
In some instances, pension pots have been drastically reduced due to these investments.
Transfer From Final Salary Pension
Final Salary Pension Schemes or Defined Benefit Pensions come with valuable benefits, mainly the guarantee of an income for life in retirement. If you were advised to transfer out of a final salary pension scheme provided by or through your employer, or not advised of the risks of doing so, you may have a claim for the amount you have lost plus the interest you would have received. Although not everyone who transferred out of such a scheme was mis-sold, a large number were.
Inappropriate Advice
A mis-sold pension also goes beyond the type of investment. A pension may have been mis-sold where the advisor fails to:
- provide you with all or adequate information regarding the risks of transferring a pension;
- consider your personal circumstances including your health, medical circumstances and attitude to risk; or
- give specific information regarding the type of underlying investments.
It may be that the investment may have been right for someone else but not for you. An example of this is where you go to a shop to tell them you want a computer and that you like to play DVDs on your computer and they sell you a computer without a DVD drive. There is nothing wrong with the computer, it just isn’t right for you. The same can happen with a pension plan, if so, you are likely to be able to claim compensation.