Mis Sold Pension

A pension is intended to help you to prepare for retirement and therefore should never be something to cause undue stress, and definitely should not cause you to feel scammed or out of pocket. If you have lost money due to inadequate pension advice, then you may be able to claim back your financial losses for the mis sold pension advice you received. Whether you fell victim to an unsuitable transfer, mis sold investments scheme or mis-sold annuities, get in touch with the Financial Resolver today so we can set your concerns at bay and help you find financial justice.

What is pension mis-selling?

Mis-selling involves being sold a product or service that doesn’t meet your specific requirements whether this is through negligent advice or a scam. There are many different occurrences that you could have unfortunately experienced that are often telling of a mis-sold financial agreement.

Some of the most common complaints involve the financial adviser giving no advice on what is best for your individual circumstances and instead just pressure selling you a pension. Additionally, if there were risks, tax implications or extra costs involved with the product that you were being sold and you weren’t advised on these, you may have a claim to recoup your financial losses from a mis-sold pension plan.

How do I know if my pension was mis-sold?

Many different pension plans can and, unfortunately, have been mis-sold to consumers. An increasingly common mis-sold pension type is transferring existing funds from an employer’s scheme into a private scheme. If one was available to you, employer’s pension plans tend to be more beneficial as they include employer contributions and tend to feature lower admin charges.

If this was the case, the financial advice that you received may have led to you being mis-sold a pension plan. In some situations like this, the financial adviser neglects to compare your existing employer pension plan with the proposed private scheme, leaving you in the dark about how your money will fare and how this could affect any benefits you were receiving.

What can I do about a mis sold pension?

If you think you may have been mis-sold a pension, there are two main paths that are available to you. You can pursue your claim on your own, or give the experts at the Financial Resolver a call today for a free, no-obligation review of your unique circumstances.

When you get in touch with the Financial Resolver, we will be able to advise you on whether or not we would consider the pension advice you were given to have been mis-sold. We can then go through the financial redress options that are available to you through either the business the complaint is with or the relevant authorities if the firm is no longer trading.

If you have suffered a financial loss due to a mis-sold pension, don’t suffer in silence. Get in touch with us today by email on claims@financialresolver.com or call us on 0116 283 5032.

mis sold pension help from Financial Resolver

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If you have suffered a financial loss after receiving poor advice to purchase or transfer financial products from your broker, bank or Financial Advisor and wish to discuss making a claim then please call or email us today.

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