Mis-Sold FSAVC Compensation
Do you think you were mis-sold a FSAVC pension? If so, contact us today and see how we can help.
Due to the complexity of pensions, it’s easy to fall foul of being mis-sold a FSAVC. If you agree with any of the following statements, you may be able to claim compensation for a mis-sold FSAVC:
- No-one told you about the higher costs involved with an FSAVC
- You were not informed about how your funds were invested
- You weren’t told about Additional Voluntary Contributions, which you could have made at any point to your existing occupational scheme
- You were not informed that your employer would also contribute to your AVC but not to your FSAVC
- The differences between AVC and FSAVC were not explained
About FSAVC Mis-Selling
Pensions are an excellent form of low-risk, long-term investment. FSAVC (Free-Standing Additional Voluntary Contribution) schemes are similar to personal pension policies, with the main difference being they can be used by members of an occupational pension scheme to boost their pension pot.
Contributions are paid directly to the FSAVC provider. These contributions are then invested. Then, as the investments produce returns, these funds can be used to provide retirement benefits. However, it is extremely rare that these benefits are as good as those provided by AVC.
Prior to April 2006, it was only possible to contribute up to 15% of your salary and other pensionable benefits to an FSAVC scheme. However, after that, the limit was lifted and people could contribute 100% of their earnings (to a fixed maximum sum).
The FSA raised concerns about the high risk of financial loss with FSAVCs, particularly those converted into personal pensions. In many cases, pension-holders were not given suitable advice, which is regarded as FSAVC mis-selling.
How to claim for a mis-sold FSAVC
As one of the country’s leading mis-sold FSAVC claims specialists, we’re here to help you claim compensation for your financial loss. Goodwin Barrett has a team of specialist former financial advisers and bankers all with extensive knowledge of the complex FSAVC claims process. We’ll make sure we get the best possible result for you while offering a friendly, approachable service at the same time.
Goodwin Barrett has won several customer care awards, and over the years, has successfully claimed millions in compensation for our clients.
To find out whether you’re eligible to claim compensation for a mis-sold FSAVC, simply call us today on 0808 163 1659, or request a call back and we’ll get in touch as soon as possible.
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compensation from Halifax
compensation from Santander
Why choose us?
- Hassle-free process.
- No lengthy paperwork to complete.
- No upfront fees.
- Your own dedicated claims expert.
- Over £80 million reclaimed for clients.
- Award-winning business.
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If you feel you've been let down by your bank or financial adviser please call us.
Call today 0808 163 1659
We've helped thousands of people win compensation as a result of unsuitable financial advice.
I’m absolutely delighted with the service we got from Goodwin Barrett, I couldn’t believe how easy it was and i’ve nothing but praise for them
This was an excellent result which my wife and I never expected. My sincere thanks to you for such an excellent achievement, I cannot thank you enough
After sending a report to Santander, they agreed with our findings and awarded Mr Snowden an amount of £7,000 made up from a refund of the losses together with interest and compensation.
This was a fantastic result I never expected. My sincere thanks for such a prompt and efficient service.
I am so grateful to your company but especially to Steve Wise for getting me the money back
We reported our findings to Halifax and within a matter of weeks had secured our client the sum of £26,700 in compensation.
After we sent a detailed complaint to Halifax, Fred was delighted to receive £6,916 from the bank in a matter of weeks.
Having investigated the complaint Lloyds TSB agreed that the advice was unsuitable and agreed to pay the clients £10,700.