Mis Sold Pension
How can I tell if I have been mis-sold?
If you don’t have the training or experience, it might be difficult for you to tell if you have a case of mis-sold investment bonds. The best way to tell if you have been mis-sold is to speak to an experienced case assessor in person or on the phone.
How does pension mis-selling happen?
Pension mis-selling is often caused by negligent financial advice wherein a regulated financial adviser provides financial advice about your pension, making you make the wrong decisions.
It could also result from greed wherein a financial adviser tries to earn a commission for selling bad pension transfers via free pension reviews to multiple people.
Who pays compensation for mis-sold pensions?
If a negligent financial adviser is responsible for the financial mis-selling, they are often responsible for paying compensation once they have validated the claim. In some instances, they might not accept to pay, so the matter is often arbitrated by an authority that has the responsibility of making culpable advisers pay compensations for mis-sold pensions.
How can I make a mis-sold pension claim?
When you are looking to reclaim money for mis-sold investments or mis-sold financial products like a pension, you will be required to make a complaint to your financial adviser or pension company. Your best bet would be to get an outfit like ours to do all the grunt work for you.
Is pension mis-selling illegal?
Not exactly.Mis-selling investment is not usually a criminal act in itself. However, it might be viewed as one if there is some proof of fraud. In most cases, the regulated parties are fined for being negligent and forced to pay compensation.
Can I sue my financial adviser?
Not necessarily. Once you have contracted a regulated financial adviser, you can claim them once their advice leads to a case of mis-selling investments.As long as it has been established that they did not follow the stipulated conditions or they didn’t carry out their duties correctly.
Can I get compensation for bad pension advice?
Yes, you can get duly compensated for receiving misleading advice when investing in a new pension scheme.
What is the average compensation for mis-sold pensions?
It depends on the claim. Every claim is unique to itself, so what obtains as compensation for one claim will differ from what obtains in another context. That said, we have a team of professionals who will ensure that you get the right compensation if you have a case of mis-sold pension.
Let us review your case for you!
Did you know you could be entitled to up to £350,000 compensation if you were mis-sold a pension? Well, now you know. You may also wish to know that about a third of UK pensions have been mis-sold. So, if you think yours may be one of them, do not hesitate to contact our no win, no fee solicitors. We’ll review your case at zero costs and let you know if you’re eligible or not. Call us at 0800 060 8855 or check your eligibility right away by answering a few simple questions online.