Compensation Limit Increased to £375,000.00

22 March 2022

Howard Davis SRA Regulated

Qualified Solicitor Since 1986 · SRA No: 133828

9+ years dealing exclusively with claims arising from negligent financial advice or administration relating to pensions and investments.

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As from 1 April 2022 the Financial Ombudsman Service (FOS) will be able to award up to £375,000.00 for all successful complaints made to FOS after that date relating to actions on or after 1 April 2019.

Also, as from 1 April 2022 the limit for compensation will rise to £170,000.00 relating to actions before 1 April 2019.

However, complaints referred to FOS before 1 April 2019 will remain capped at £150,000.00.

The above limits will now be adjusted each year in line with inflation.

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26 March 2026

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You may be eligible to claim if…

You were advised to transfer away from a Final Salary Company Pension.

Your new pension was not compared to a low cost stakeholder pension.

You were advised to transfer to a Self-Invested Personal Pension (SIPP).

Your investments were in non standard assets.

You were not given annual reviews, ongoing support and projections.

You were transferred away from a pension that had a higher tax free cash limit.

You were charged ongoing servicing fees.

Compensation Limit Increased to £375,000.00

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