Pension mis-selling occurs when unsuitable financial advice to transfer or invest a pension has been given and the gains or rewards are grossly exaggerated. This leaves retirement pension funds smaller than expected. If it sounds like your pension for retirement was mis-sold, you may be eligible to claim compensation.
Financially inexperienced investors have been drawn in by the lucrative promises surrounding certain pension schemes which can result in a substantial loss of funds due to the high risks involved in certain schemes. Pension funds can also be subject to heavy tax burdens if accessed prematurely.
Despite reassurances from the UK Chancellor in 2015 that fears surrounding pension mis-selling were unfounded following the new reforms, evidence suggests that there were not sufficient regulations in place to protect the large number of people who were able to access their pension. Since this time, the number of mis-sold pension claims in the UK has been growing substantially.
Depending on your circumstances, moving your pension from a previous employer’s scheme to a personal pension may not have been suitable. Those advised to move funds without knowing the risks may be entitled to compensation. TLW claims compensation for people who have been badly advised to transfer away from a previous employer’s pension scheme.
We can advise and progress pension mis-selling claims for anyone who has:
TLW understand that for many investors, the money has been accumulated through a lifetime of working and saving. We will examine the sales process and consider all potential options to recover your losses.
It may be that we can:
If you are concerned that you or a loved one were not given the right advice about a pension investment, please call us on 0800 169 5925 or use our online form and our team will contact you for an initial, no-obligation consultation.
It is important to get advice as soon as possible as strict time limits can apply.
Meet Sarah, who heads up our experienced Pension Claims team.
Sarah and her colleagues are on hand to help with your claim.
