Has your pension failed to perform as expected, or could it have done better if you hadn’t transferred it? Many individuals have received poor advice when moving their pensions, resulting in significant financial losses. Our group has successfully reclaimed over £120 million on behalf of clients who were mis-sold their pensions.
In many cases, the risks associated with transferring pensions were not fully explained, crucial information was omitted, or the investment product itself was unsuitable for the individual’s pension needs.
Our team of experts is highly experienced in handling financial claims and understands how important your compensation claim is. We offer a free review of your pension transfer to assess whether you were mis-sold. If your case proceeds, we operate on a no-win, no-fee basis, ensuring you have access to justice without upfront costs.
Signs You May Have Been Mis-Sold a Pension:
- Were you advised to transfer from a defined benefit or final salary pension scheme after being approached or told you could get better returns elsewhere?
- Were you contacted unexpectedly and offered a free pension assessment?
- Did a financial advisor suggest moving your work pension, personal pension, or multiple pensions into a Self-Invested Personal Pension (SIPP)?
- Were you encouraged to invest in high-risk or unusual investment types, such as overseas property, land, storage units, car parks, carbon credits, loan notes, Mauritian stock exchange investments, or farmland?
- Were you informed that your pension would be placed into a potentially high-risk investment?
- Are you now struggling to access your pension?
- Did you fully understand the charging structure for your new pension?
- Do you know what you have invested in, or are you uncertain?
- Has the company that gave you the advice disappeared or gone into administration?
Defined Benefit/Final Salary Pensions
Many individuals were persuaded to transfer out of a Final Salary or Defined Benefit pension scheme—where the pension is based on your final salary. In the majority of cases, staying in a Final Salary scheme would have provided better long-term benefits. We frequently find that financial advisors’ calculations were inaccurate or misleading, leaving clients worse off.
Even if your new pension seems to be performing adequately, we strongly recommend that anyone who has left a Defined Benefit scheme contact us for a free review. Transferring out of such a scheme often results in significant losses that may not be immediately apparent, and we are here to ensure you receive the advice and support needed to recover any potential compensation.