Feel like you were mis-sold a SIPP? Speak to one of our pension experts today and let our team help you get your money back with a quick and hassle-free process.
What is a SIPP Pension?
A self-invested personal pension (or a SIPP, as they are widely known) is a ‘do-it-yourself’ pension option, allowing you to draw together more varied investments than most standard pensions.
Have you been mis-sold a SIPP pension investment?
Were you advised to invest your pension saving in a Self Invested Personal Pension? Has that Pension Scheme underperformed? At Consumer Credit Justice we can help those who are left out of pocket receive compensation after they’ve received unsuitable advice causing them to enter into underperforming or risky schemes.
A maximum £50,000 compensation is currently available from The Financial Service Compensation Scheme. Even if the company that advised you about your pension is no longer trading you can still make a claim.
If you have concerns about your pension, get in touch with us today to see if you can claim compensation.
How were they mis-sold?
Over the years many people like you have transferred their pension funds into unsuitable Self Invested Personal Pensions (SIPP) and into high-risk unregulated funds. Many pension funds were then invested into illiquid, high risk and complex investments that are not suitable for most people.
We can investigate if you believe your SIPP investment is unsuitable and act on your behalf making the claim for compensation.
Final Salary Pension
If you were advised to move your Final Salary Pension by a regulated Financial Advisor, you will have lost out on substantial benefits such as:
- Practically guaranteed income in retirement
- Index-linked, which often helps keep pace with inflation
- Death Benefits that allow your spouse a large portion of your pension if you pass away
- No fees or charges to operate
With in-built guarantees, it is rarely advisable to transfer this type of pension. A Final Salary transfer is where your employer takes into account your Final Salary at the time of retirement and offers a sum that is respective to your last known pay.