Mis-sold SIPP Claims
Pensions can be one of the most tax-efficient forms of investing for retirement. The SIPP scheme (Self Invested Personal Pension) is a personal pension scheme approved by the UK government. SIPPs act as ‘wrappers’ and allow investors to have the freedom to use a wider range of investments and products in order to grow their pension fund.
Although the exact tax situation will depend on the investor’s personal circumstances, a SIPP can offer up to 45% tax relief on contributions and no capital gains tax or additional income tax to pay in the UK. SIPPs can offer a wide range of investments an investor can choose from and can include investments from a variety of sources, even overseas. However, just because there is choice it does not mean the investments are suitable even if there are tax advantages.
Due to the wide range of the investments allowed in a SIPP and the fact that they usually follow a recommendation from your financial adviser and not the SIPP company, your capital can end up being placed into riskier unregulated investments, such as high-risk hotels & commercial property, carbon credits, bio diesel and forestry. This can result in investors losing most of their pension fund.
Am I owed compensation for SIPP mis-selling?
Were you advised to place your existing pension into a SIPP? SIPPs are normally only suitable for experienced investors who want to personally manage their pension and the investments in it. If you have a SIPP and this was not your intention you may have been given inadequate advice or even misled about the risk involved If so, you may have been a victim of SIPP mis-selling – and you may be able to make a mis-sold SIPP claim.
Here are some examples of individual circumstances where you may have been mis-sold a SIPP:
- Your adviser suggested transferring to a SIPP as it was better than traditional personal pensions
- Your adviser recommended a SIPP but did not recommend the investments within the SIPP
- Your adviser reviewed your existing pensions and only recommended you transfer them into a SIPP
- Your adviser did not provide you with adequate information on all the potential risks
- Your adviser promoted the use of SIPPs for tax rather than pension benefits
- Your adviser did not explain that HMRC could change the tax rules at any given time
- Your adviser did not give completely clear advice and so was in breach of FCA rules
I want to claim for SIPP mis-selling – what now?
We’re the UK’s leading mis-sold SIPP claims specialists. Our team is made up of financial advisers and former bankers who have an extensive experience and knowledge of the SIPP complaints process.
We pride ourselves on our customer care. We’ve won multiple awards for our customer service: our customers’ best interest is at the forefront of everything we do, and we’ve successfully claimed over £80 million in compensation for clients who were mis-sold investments.
Don’t write off your losses! Get in touch today and speak to one of our friendly advisers. We will listen to your situation and identify whether your SIPP was mis-sold to you. We’ll discuss your complaints and options and explain how you may be able to claim compensation. Call us today on 0808 301 7065.
Request a call back
If you'd like us to call, please fill in your details.
Request a call back
If you'd like us to call, please fill in your details
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.
Speak to our friendly experts
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.