The Pension & Investment Reclaim Company Limited – Mis-sold Pension Claims UK
Pensions are one of the most important financial products we will buy in our lifetime, yet many financial advisers and financial services organisations have displayed a reckless or cavalier attitude towards whether a pension was suitable for the customer they sold it to. This has resulted in many people being sold pensions that aren’t right for them. The consequences of pension mis-selling can be severe, particularly when we reach a stage in our lives when we expect to be able to rely on the income. A pension mis-sold as promising safe returns, which in reality results in a loss of benefits, risky investments and high administrative fees, has the potential to lose us money, or worse, cause financial ruin.
Fortunately, the law is here to protect us if we’ve been sold an inappropriate pension on the basis of advice that was superficial, unclear or misleading. If you’ve taken out a pension that hasn’t delivered in the way you were led to believe it would, then you may be able to claim compensation. If your pension was mis-sold to you, there is no requirement to have legal support when making a claim – you can pursue your complaint on your own. However, pensions are complex financial products and the process for claiming compensation can be burdensome. This is particularly the case when a financial adviser or financial services organisation has gone out of business, refuses to accept responsibility or offers a low settlement that doesn’t reflect how much you are fully entitled to.
Pensions are seldom identical, so it’s best to avoid making general comparisons to discover whether your pension was mis-sold. However, you are likely to have been mis-sold your pension if you bought it on the recommendation of a financial adviser or organisation that gave you inadequate information and advice and failed to explain the risks. For example, if you were encouraged to pursue a particular investment strategy without knowing the risks involved or weren’t informed of the different types of personal pension available.Our team of experts can help. We and our associated companies have been making successful claims on behalf of our clients for over 10 years and secured at least £70 million for consumers. We operate on a no win, no fee* contingency basis, and the fee rate we agree with you will be transparent and contain no hidden costs. We will work with you to determine whether you have suffered any additional financial disadvantage as a result of being mis-sold your pension and ensure this amount is reflected in your claim. By contacting us, you can be assured that, where there appears to be a basis of a claim, our professional, independent and knowledgeable team will carry out a detailed investigation, working closely with you to get redress for a mis-sold pension. For help reclaiming your mis-sold pension, contact our us today on 0808 231 2748 (Scotland and Ireland only) or fill out an online enquiry form.