Pension Mis-selling – When you receive poor advice on your pension investment

When obtaining financial advice concerning your pension, you should always be aware of possible pension mis-selling, poor advice and fraud.

If you were advised to take out a pension but were not fully informed of the risks, alternative products on offer or warned what would happen if the performance of the pension was poor, it may have been mis-sold.

When is a pension mis-sold?

How a pension is sold and administered can give rise to a mis-sold pension claim or complaint. Particular issues can arise from:

  • How the pension is administered;
  • The fees charged by pension scheme administrators;
  • How well the pension performed over its lifetime, including any misrepresentations at the point of sale;
  • Being advised to switch your pension without being adequately made aware of the risks involved in the new investment;
  • Failure of the advisor to ensure that the product within the pension, or Self-Invested Personal
  • Pension (SIPP), is suitable for your circumstances; and
  • The advisor’s failure to disclose conflicts of interest or commission.

What you can claim

The circumstances of each claim will be different and so will the loss suffered as a result of the mis-selling.

You may be entitled to be put back into the position you would have been in, had the pension not been mis-sold in the first place. This could include a claim for unearned interest and loss of investment opportunity.

How we can help

Our team of specialist banking and finance lawyers can assist you with the assessment of your mis-sold pension claim and advise you on the best avenue to seek damages and or compensation, whether it is via court proceedings, a complaint to the Financial Ombudsman Service, or a complaint to the Financial Services Compensation Scheme.

Here to help

Our specialist teams can provide full service legal advice and assistance, providing practical and cost-effective solutions.

Our offices

302 Charminster Road Bournemouth Dorset BH8 9RU
01202 525333 Contact
Office 320 107 – 111 Fleet Street London EC4A 2AB
02039 784720 Contact
14a Haven RoadCanford Cliffs, Poole Dorset BH13 7LP
01202 709898 Contact
Monmouth Court Southampton Road, Ringwood Hampshire BH24 1HE
01425 484848 Contact
55 High Street Swanage Dorset BH19 2LT
01929 422233 Contact
39a East Street Wimborne Dorset BH21 1DX
01202 057676 Contact