PENSION MIS-SELLING CLAIMS
Believe it or not, there are many different ways that your pension might have been mis-sold to you. It’s a relatively common practice that can result in financial losses and emotional distress, so don’t hesitate to seek compensation if you think you’ve been the victim of pension mis-selling.
Here at Satchell Moran Solicitors, we specialise in pension mis-selling claims, helping our clients to get the financial compensation they deserve.
What is a Mis-Sold Pension?
Pension mis-selling is a complex topic that centres around being misled in some way or not given enough information to make an informed decision. Sometimes sellers deliberately withhold information or gloss over the risks to make the product seem more appealing.
Example of mis-selling include:
- Deliberately withholding information about a pension product
- Failing to list all the fees involved with transferring a pension
- Not being transparent about best/worst-case scenarios
- Failing to assess your attitude to risk
- Failing to ask about your current situation
- Glossing over the risk-level of the investment or avoiding risk-related conversations entirely
- Piling on the pressure to make you transfer a pension
When it comes to pension mis-selling, many investors have been advised to transfer funds from their private pensions into self-invested personal pensions (SIPPs) which carry a greater risk. A mis-sold pension claim is a way to hold parties responsible for giving careless financial advice.
Making a Claim
If you’ve suffered financial losses as a result of pension mis-selling, you could be entitled to compensation. While following the company complaints procedure is a good way to hold a pension adviser accountable, you can also seek professional advice. Suing a pension advisor can be challenging as you need to prove that they failed in their duty of care, but we are here to help. We’ll assess your case and take steps to reclaim any financial losses.
If you need help with your mis-sold pension claim, contact a member of ourFinancial Mis-selling Department headed by Paula Satchell and Terry Moran on 0151 268 8282, or email us on firstname.lastname@example.org. You can also fill out our contact form and we’ll be in touch as soon as possible.