How Do Mis-sold Pension Claims Work?
A mis-sold pension basically means that you were given unsuitable advice, the risks were not explained to you or you were not given all the information needed to help you make a firm decision and this ended you up with a pension investment that is not right for you.
In short, mis-sold pension claims are a way to hold parties responsible for giving careless financial advice, and claim compensation for the risk or losses that advice might have caused.
Your mis-sold pension journey may have started with a cold call or an internet enquiry. Maybe the next thing a salesperson was in your house, or perhaps someone was knocking on your door with documents for you to sign.
You might have been told this was the best thing you could do for your pension and that your pension would be better off in a Self Invested Pension Plan and you should transfer to ‘Maximise Your Pension’. It was not uncommon to be offered cash incentives for doing so.
Whoever you dealt with, usually an introducer as they where the driving force promoting mis-sold pension scams, may have come across as a professional, giving you no reason to doubt the advice and information you received. It’s understandable if you felt like you could trust all the parties involved in the transfer of your pension.
Typical sign pension mis-selling:
- You can’t access your pension money
- You have lost some or most of your pension fund
- You want to get out of the high-risk unregulated investment but can’t
- You wonder what has happened to your pension
You may have been mis-sold and like the thousands of people that have been through exactly the same – claim back you mis-sold pension losses today.