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Were you advised by Active Wealth?
In deciding to move their pensions, often to Self-Invested Personal Pensions (SIPPs), many steel workers were advised by Active Wealth who entered liquidation in February 2019 after the firm was told to cease any pension transfer activity by the Financial Conduct Authority (FCA) months earlier.
As final salary pensions are a very solid and dependable source of retirement income, there must be a strong reason to transfer this into some other private pension scheme. TLW Solicitors help clients who have been given negligent final salary pension advice.
Thousands of British steelworkers have been victims of pension mis-selling. Our team of experienced solicitors specialise in unravelling the complexities of unsuitable pension transfers, ensuring that those affected by negligent financial advice claim the compensation they deserve. If you or a loved one have been a victim of unsuitable pension advice, our team is here to guide you through the claiming process. Trust in our expertise and claim what is rightfully yours.
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Compensation for Negligent Advice
Whilst some of these transfers were made many years ago, you may still be able to claim compensation if you are a steel worker’s widow or if the Independent Financial Adviser has gone out of business, has been taken over or changed its name.
The value of these claims can be significant, with many clients not appreciating how much they have lost until we obtain a current valuation from their previous pension provider. This valuation gives an indication of what the pension would have been worth had it not been transferred.
Get in touch
If you suspect that you or a loved one may have been given poor advice regarding your pension, our team is here to help you navigate any potential claims for bad pension advice and provide expert advice on how to proceed with your case.
