A father from Bolton has won justice after a mis-sold pension investment threatened to jeopardise his retirement plans and left him worrying about his family’s financial future.
Andy Morgan (50) received a ‘cold call’ in 2012 and was told that he could receive better returns and have greater control over his pension if he transferred his retirement pot into a Self-Invested Personal Pension (SIPP).
Mr Morgan was referred to CIB Life and Pensions, who, at the time were an FCA regulated financial adviser. Mr Morgan was advised to transfer his pension into a SIPP with London and Colonial, so he could invest in a storage unit scheme with Store First.
It soon became clear that there were issues with the investment in Store First and that the financial advice he had been given was unsuitable. Broken promises, hidden costs and unexplained charges left Mr Morgan increasingly concerned about his pension pot.
After years of stress, worry and unanswered questions over his dwindling pension funds, Mr Morgan sought legal help from pension negligence specialists, TLW Solicitors. They took on Mr Morgan’s case and recovered a significant amount of compensation for him.
Mr Morgan commented: “TLW helped me at exactly the right time and managed the whole process for me – letters, emails, phone calls, everything. They were exceptionally efficient and provided an excellent service.
TLW provided a really personal service, and I felt safe in the knowledge that TLW were looking after my claim and my best interests. Their help means that my retirement plans are back on track and I would encourage anyone who thinks they may have been mis-sold a pension to get in touch with them.”
Alexandra Laws of TLW Solicitors said
“Mr Morgan is not alone in being given wholly unsuitable or negligent pension advice. As a firm we are seeing more and more of these cases. Pensions and investments are often complicated and confusing matters, and the majority of us would trust that a financial adviser, such as Mr Morgan’s would be giving the correct advice and acting in their client’s best interest. Unfortunately, this is not always the case.
“We want to reassure people, like Mr Morgan who thought his pension was lost, that they are not to blame in a situation such as this, and that they are the alone. We want people to understand that all is not lost and that by obtaining correct and specialist legal advice there, may well be a positive financial outcome.”
To find out more about how TLW Solicitors helped Mr Morgan with his compensation claim, please see watch his video here.
TLW Solicitors can help
If you think that you, a friend or loved one may have lost out financially after making an investment via a SIPP, then please get in touch with one of the specialist financial mis-selling lawyers here at TLW Solicitors for a free, no obligation discussion.
You can either ring us on 0800 169 5925, email info@tlwsolicitors.co.uk or complete the call-back form below.
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