If you have been advised to transfer your pension to a SIPP or SSAS there is a high probability this was unsuitable for your circumstances.
The Financial Conduct Authority has said SIPP’s and SSAS’s are unsuitable for most retail customers.
The Financial Conduct Authority’s predecessor, the Financial Services Authority, warned of such schemes in 2008 and 2012.
The Financial Ombudsman Service upholds approximately 66% of SIPP complaints.
Unregulated Collective Investment schemes
Overseas hotel developments
Harlequin Scheme (Caribbean)
Spread betting (on the financial markets)
Carbon credits or other environmental investments
Car Parking spaces
Yes and you have the option of pursuing a complaint direct with the relevant entities.
You can also call us for a free, no obligation review of your circumstances.
We will advise you if we consider the advice was mis-sold and the options available to obtain financial redress – direct with the business that advised you, Financial Ombudsman Service or the Financial Services Compensation Scheme if the financial firm is no longer trading.
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.
Mac Fin Consulting Limited t/a Financial Resolver is regulated by the Claims Management Regulator in respect of regulated claims management activities.
Its authorisation number is CRM31917. The registration is recorded on the website www.claimsregulation.gov.uk.
Mac Fin Consulting Limited is registered in England - Company Number 7782966. VAT registration - 121 9207 44. Registered and trading address: 10 Leatherline Business Centre, 71 Narrow Lane, Leicester LE2 8NA