Pensions: How to Know You’ve Been Mis-Sold
The first major mis-sold pensions scandal took place in the late 1980s, and it continues to affect people to this day. Now we could be on the verge of another scandal of the same scope.
5 Examples of Pension Mis-Selling
Were you mis-sold your pension? It can be difficult to tell, especially if your financial advisor didn’t do anything obviously wrong. However, if your current private pension isn’t offering as much income as you would have received from your old workplace pension, then you may have cause for complaint.
The Most Common Mis-Sold Investment Products
Just about any investment product can be mis-sold. The problems do not often lie with the product but instead with the explanations given at the time of purchase. Here are four of the most commonly mis-sold investment products.
Why the FCA is Recommending Changes to Pension Transfer Advice
In June 2017, the FCA (Financial Conduct Authority) published its proposals for changing the advice that individuals get from financial advisers on transferring their pension. In most cases, these transfers involved moving a pension from a defined benefit pension to a pension contribution scheme.
What Exactly Happened with Noel Edmonds’ Toxic Bank Experience?
When reading about mis-sold investment in the media, it’s normal to focus on the financial aspect – the reduced savings, or the impact it might have on the victim’s retirement. Most people don’t consider the emotions associated with this type of incident; and in some extreme cases, how poor financial practice can lead to anxiety, depression and sometimes worse.
Mis-sold Pensions News Round-up: September 2017
SIPP mis-selling, inadequate advice on defined benefit pension transfers, and mis-sold annuity claims are all in the news as companies, regulators, and the FSCS continue their attempts to right the mis-selling wrongs of the past.
Mis-sold Investment News Round-up: September 2017
As banks reported their results for the first half of 2017, further details emerged of the millions they are still setting aside to settle claims for compensation for mis-selling structured investment products and pensions. Plus, investors in a collapsed overseas property scheme start to get compensation.
Investment Mis-Selling News January 2016
The UK’s biggest banks find themselves faced, once again, with significant fines and the FCA are experiencing criticism for cover-ups and other controversial suggestions. Here’s a round-up of the latest investment mis-selling news.
How to Avoid Investment Mis-Selling
Recent mis-selling scandals should have made banks more careful about how they sell investment products to their customers. However, mis-selling continues to be a problem, and if you’re thinking of investing, it’s important to know how to protect yourself against it.
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Customer Stories
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.