We have noticed that many of our clients are becoming increasingly concerned about their pension provisions. It is of course a very natural concern as after working for many years the idea of not having enough in your pension pot to have a comfortable retirement can seem very over-whelming.
Recent media attention around pension mis-selling has included high profile stories of corrupt pension companies working in unregulated sections such as forestry and green investments.
As a result people are becoming more and more concerned with the value and state of their pension plan. Not only are people concerned with the fact that their investment may not be covered by the Financial Conduct Authority, many people in the UK who contracted out of their SERPS pension plan into other pension funds under the influence of poor advice are also starting to worry.
There are reportedly over five million people in the UK who have been affected by mis-selling so far after being given poor advice by organisations meant to be managing their pension fund.
With this in mind at City Mortgage Advisor we are not surprised that it has become part of daily conversation when discussing our client’s finances.
How Do You Know If You Were Mis-Sold?
So how do you know if you have been a victim of pension mis-selling or been given poor advice when managing your self-invested pension scheme (or SIPPs)?
You may not be aware unless a red flag has been raised so what would a red flag be? Maybe you have seen the value of your pension pot decrease dramatically over years after following advice or contracting out of SERPS?
You may have invested in a unregulated pension plan or seen the media reporting on an ethical investment company that sounds very similar to what you invested in. Did you contract out of SERPS under the advice of a financial advice or a pension company in the past, or one recommended by the company that you work for?
What should you do if you believe that you may have been a victim of pension mis-selling?
There are so many questions.
As this is becoming a very common concern for our clients we wanted to ensure that we had a solution for you.
We have recently partnered with a team of highly experienced financial claims solicitors who have helped recoup over 70 million pounds for clients who have been miss sold financial products.
The team at Expert Pension Claims have lead the way in the financial reclaims market for over 25 years and have a wealth of experience in reclaiming lost investment and recouping clients’ money after poor advice. You can read more about them and how they can help on their website.
If you believe that you have followed poor advice or been led into an unsuitable pension fund you can contact Expert Pension Claims for a no obligation consultation.
They are experts in SIPPS pension reclaims and helping clients recoup their lost investment after contracting out of SERPS.
If you are unsure if you have been a victim of this wide spread financial mis-selling scandal then you can contact their team at ExpertPensionClaims.co.uk for a no obligation initial consultation to see if they can help you today.