You may be surprised to hear this, but pension firms are facing claims for compensation totalling hundreds of millions of pounds after savers were poorly advised to invest in high-risk schemes that went wrong.
Mis-selling is a well-kept secret in the pension industry because the pension firms could be liable and they don’t want you to know that there may be a way of getting your money back. Thousands of complaints have been lodged with law firms and the Financial Ombudsman Service over self-invested personal pensions (Sipps), with two-thirds being settled in favour of investors. In the past two years, the number of people claiming and receiving payments for pensions mis-selling has more than doubled.
Questionable advice could have cost you thousands
The question is ‘Have you lost out due to poor advice, provided by people that you trusted, who were not qualified to provide such information?’ Thousands of pounds of your hard-earned money has been lost, due to people being ill-informed.
The concerns over pension mis-selling runs throughout the financial services industry, with the FSCS highlighting its worries about the quality of advice given. Mis-selling is not simply a problem for unregulated advisors, it is also evident in the biggest providers who are regulated and yet still advocated dangerous, high-risk investments.
If you have lost money on a mis-sold pension, we could claim on your behalf?
The FCA is currently suggesting that over 10% of pensions may have been mis-sold, lured by the promise of high returns from get-rich-quick schemes. These investors are being advised to complain now to see if you can get your money back.
For Final Salary Pensions, a typical claim could be in the region of £50,000. Private Pension claims would come in at around the £25,000 mark.
If you think you may have a claim for being mis-sold a pension and if you think you are entitled to compensation, contact Goldman Knightley today, we will help you establish if you have a genuine claim.
If you wish to pursue a claim, our expert panel of solicitors, who specialise in pension mis-selling claims, can progress your case on a ‘No Win, No Fee basis’. You will incur no costs, so there is no financial risk for you
All it takes is a brief telephone conversation where we ask a few simple questions, we will then be able to obtain the rest from your Pension Provider.