Pension mis-selling is a growing issue, with increasing numbers of people making claims for their financial losses. There are many ways in which a pension can be mis-sold– with one of the most common being lack of risk assessment.
When transferring a pension, the financial risks should always be considered. It’s your financial advisor’s job to ensure that you understand the risks involved, and are happy to take them.
SIPPs mis-selling has been a rising problem in recent years, with increasing numbers of financial firms coming under fire for their mis-sold pensions.
Previous research has shown that, when it comes to pension mis-selling (and seeking compensation), age and geographic location have considerable impact.
The commission-based sales model is common in several different industries. However, it’s not without its problems, and this is certainly the case with car finance.
Cases of pension mis-selling have been on the rise for several years now. A significant contributing factor to the problem is ‘contingent charging’.
The mis-selling of investments is nothing new – and increasing numbers of companies are coming under fire for the way in which they sold their financial products to clients.
In June 2020, the High Court ruled in favour of the FCA’s civil action against Avacade Limited and Alexandra Associates.
Transferring pension products can cause problems for consumers, especially if the new pension wasn’t adequately explained at the time, or the risks weren’t outlined in full.
The pensions mis-selling scandal has resulted in several advisory firms going into liquidation. Here are the latest companies to have collapsed as a result of their past operations.
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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 £10,000.
Figures shown are before the deduction of our fee.
