FAQs – Pensions & SIPP Mis-Selling
As time goes on, the extent of the pension mis-selling scandal becomes increasingly apparent. To help you determine whether you can make a claim, our compensation experts are here to answer your frequently asked questions about pension mis-selling.
Q1.It was a long time ago, I don’t know if I have any paperwork, can you still help?
Q2. How far can you look back into pension transfers?
Q3. How long does a claim take?
Many of the cases we deal with involve advisers or businesses that have stopped trading. In these circumstances we will take your case to the Financial Services Compensation Scheme (FSCS). The turnaround for these claims is around 3 to 6 months.
Q4. What are some examples of a mis-sold Pension product?
These usually contain Overseas Property, Land, Storage Units, Carparks, Carbon Credits, Loan Notes, Bio Fuels, Farm land, Forestry, Ecological Energy plus many more.
Q5. How much will I receive in compensation?
The average payout we get for our customers from claims to the FSCS is £22,500*.
*Average calculated between Jan and July 2018 and before deduction of our fees.
Q6. The company that advised me to transfer my pension is no longer trading, can you still help?
We will need some basic details from you but from thereafter we will take over and begin the process of investigating what happened and how best to get your money back.
Q7. What are your fees?
For example: Compensation paid into your bank £10,000 – our fee 40% plus Vat = £4800 – leaving you with £5200.
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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.
- Claims settled within 6 weeks on average. **
- Over £90 million reclaimed for clients. ***
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.