Are you concerned that you’ve been mis-sold a pension or investment? Read on to learn more.
How do I know if I’ve been mis-sold a pension?
Mis-sold pensions can be difficult for the average person to detect. After all, those guilty of pension mis-selling are often sophisticated con artists who’ve spent years tricking people into parting with their savings.
Not all instances of pension mis-selling involve an outright scam. Sometimes, independent financial advisors (IFAs) will encourage their clients to place their money in legitimate but unsuitable investments. Think of it like being put on an expensive mobile phone contract when you only use your phone to make a few calls and send a handful of texts each month. Thousands of people are currently entitled to mis sold pension compensation right now and are completely unaware.
Wondering if you’ve been mis-sold a pension or investment? Here are just a few signs that may be the case:
– You were contacted via cold call and encouraged to transfer your pension
– The terms and conditions weren’t explained to you
– Your advisor has less experience than they led you to believe
– You were encouraged to transfer your workplace pension into a different scheme
– You were encouraged to take on more risk than you were prepared for
– You’ve lost a substantial amount of money despite being told the pension or investment was ‘low risk’
– You were promised ‘guaranteed returns’
– You weren’t informed of fees and charges before moving your pension
– The advisor failed to take health conditions into account or didn’t even ask you to disclose them
– The advisor failed to inform you of a better deal that was available to you
– You were pressured into signing up to a particular financial product
If any of the statements above sound familiar – even if you can only relate to one or two of them – please get in touch with our mis-sold pensions team to find out if you’re entitled to compensation.
Can I get back the money I’ve lost?
In recent years the issue of pension mis-selling has been brought to light and a greater number of companies and advisors are being investigated as a result.
UK regulators have been working hard to compensate victims and millions of pounds have been paid out to victims who have lost money.
In some cases, victims get their money back, in other cases they get compensation, and sometimes they can get both. It all depends on the individual case in question. From our experience, no two pension mis-selling cases are the same.
How much compensation could I get?
The amount of compensation you’ll receive will depend on your particular case. Some cases can see victims being compensated thousands of pounds.
When you contact our team, we’ll assess your situation to determine whether you’ve been mis-sold a pension. If we feel that you have a legitimate claim, we’ll discuss the next steps with you, inform you how much compensation you’re likely to be entitled to, and begin investigating your case.
How do I make a compensation claim for a mis-sold pension?
Pensions and investments can certainly be complicated, and when you throw financial mis-selling into the mix, things can get even more confusing. Thankfully, you don’t need to be a pensions expert or have an in-depth understanding of the investment world in order to make a compensation claim following a mis-sold pension.
Simply get in touch with our team, tell us what’s happened, and we’ll get to work. We’ll assess your finances and investigate your case on your behalf before applying for compensation for you.
To learn more or make a claim, please give us a call on 0800 014 8275 or send an email to contact us online.