Pension Claims

At Pension Claims Expert we recognise the profound impact a mis-sold pension or mis-sold pension transfers can have on your financial well-being. Our dedicated team of financial litigation specialists focus on recovering losses for clients who were mislead or poorly advised when entering into pension agreements.
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Whether you’ve been placed in unsuitable pension schemes or weren’t fully informed about the associated risks and conditions, we are here to support you.

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Mis-Sold Pensions: Protect Your Hard-Earned Savings

Your pension represents years of hard work and dedication, and it deserves to be safeguarded against any form of misuse. Unfortunately, not everyone is fully informed of the risks involved in certain pension schemes. If you were not made aware of these risks or if alternative options were not presented to you, there's a chance you might have been mis-sold your pension.

How do I know if I was mis-sold a pension?

If you were given misleading financial advice, you may have been mis-sold a pension.

Mis-sold pensions include any pension scheme which you were advised to invest in without having all of the information available. An advisor may have recommended you to change to a specific pension scheme without telling you about the financial risks involved with the scheme, for example.

The transfers may also be sold on the promise of a more comfortable retirement, which is not always the case.  If you feel you have been mis-sold a pension, then we may be able to help you make a claim.

A pension may have been mis-sold to you if one or more of the following statements is true:

  • The risks involved were not properly explained to you.

Every pension plan comes with risks, but some are much higher risk than others, such as SIPPs. With this type of pension, there is a transfer of your pension fund to investments in other funds, so it is essential you are made aware of the fluctuation in the market for that particular investment, so you can weigh up the pros and cons before making any decisions. A financial adviser must go through all the various risks with you and discuss the effect they may have on your pension.

  • You were not offered all the available options.

This is where the adviser fails to inform you about every option you have. If your adviser did not tell you about each appropriate pension plan, you may have a claim against them.

  • Your personal circumstances were not properly considered by your financial adviser.

If your financial adviser failed to make a profile of your specific circumstances which shape the way your pension plan should look, they may be liable for a mis-sold pension plan. A financial adviser must establish your personal circumstances and wishes for the future before crafting your pension advice.

  • There were unexplained fees

If your financial adviser did not detail all the fees, you would be liable for, but instead these fees surfaced after the agreement was made, they may have broken their code of conduct. This may give rise to a negligence claim.

  • You were of an age for the transfer and investment to be deemed unsuitable for you
  • You were not properly advised on how your money would be invested
  • Your financial adviser did not carry out a ‘fact find’ exercise to establish your financial circumstances and objectives
  • Your attitude to risk or capacity for risk were not properly considered
  • You were not provided with any specific advice in respect of the underlying investment

If I’ve been mis-sold a pension, what should I do?

Your financial adviser has a duty to check that the proposed investment is sound and that the recommendation to invest is suitable for you. If you believe you have been mis-sold a pension and lost money due to unsuitable advice, you need to act fast. There are strict time limits for bringing a claim.

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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.
Your investments were made in non-standard assets.
You were advised to transfer to a Self-Invested Personal Pension (SIPP).
You did not receive annual reviews, ongoing support, or future projections.
You were charged ongoing servicing fees.
You were transferred from a pension that offered a higher tax-free cash amount.

If any of these scenarios apply to you, please contact us to explore your options for claiming compensation. We're here to provide clear, professional advice and support.

Comprehensive Assessment

Our process begins with a detailed review of your situation, we look at the advice you received when you selected or transferred your pension, the compliance of the financial advisors with regulatory standards, and the completeness of the information provided to you about risks or suitability of the pension product.

No Win, No Fee

You can pursue your claim with confidence under our No-Win, No-Fee agreement ensuring you face no financial risk when seeking justice. This policy allows you to pursue a claim without worrying about upfront costs.

Efficient Claim Management

Our team will handle all aspects of your claim, from compiling evidence and documentation and representing your case effectively, to engaging with pension providers and regulatory bodies to ensure your claim is processed promptly and fairly. Our experts manage each step with meticulous attention to detail to maximise your chances of a favourable outcome.

Securing Compensation

We strive to obtain the best possible outcome for your which may include a full refund of premiums paid, compensation for financial losses incurred due to inappropriate advice, and statutory interest.

Why Choose Pension Claims Expert?

Expert Guidance: Our expertise in financial litigation and pension regulations ensures we offer proficient and practical advice.

Client-Centred Approach: We tailor our strategies to suit individual client needs, ensuring personalised service.

Clear Communication: We keep you informed throughout the process, providing transparency and peace of mind.

If you suspect that your pension transfer was mis-sold, contact Pension Claims Expert today. We are dedicated to helping you reclaim the financial security you deserve.

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Frequently asked questions

What qualifies as a mis-sold pension?

A pension may be considered mis-sold if you were not given appropriate advice, the risks were not clearly explained, or if the pension plan was not suitable for your needs and circumstances.

How do I start the process of reclaiming a mis-sold pension?

Begin by gathering all relevant documentation regarding your pension and consult with a specialised solicitor who can evaluate your case and guide you through the claim process.

What compensation can I expect from a mis-sold pension claim?

Compensation varies but generally covers any financial losses incurred as a result of the mis-selling, potentially including adjustments for future losses.

What is a pension transfer mis-selling?

Pension transfer mis-selling occurs when financial advisers incorrectly advise clients to transfer out of their existing pension schemes, often into higher risk or less suitable plans.

How long do I have to claim compensation for a mis-sold pension transfer?

Claims should typically be made within six years of the pension transfer or three years from when you first became aware (or should have been aware) of the mis-selling.

Can I claim even if the pension provider or adviser is no longer in business?

Yes, claims can still be processed through mechanisms like the Financial Services Compensation Scheme (FSCS), depending on the specifics of the case.

Still have questions?

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