At TRUE, we appreciate that a pension is one of the biggest and most important investments that a person makes in their lifetime.
Mis-Sold Pensions and Self Invested Personal Pensions (SIPP)
What should I do if I have been mis-sold my SIPP pension?
At TRUE, we appreciate that your pension is one of the biggest and most important investments that you make in your lifetime. You work hard for your money and when you put it in the hands of financial advisors you expect to be given the very best investment advice. Unfortunately, this often does not happen and poor advice leads to a shrinking pension pot – otherwise known as a mis-sold pension.
What is a SIPP pension?
A Self-Invested Personal Pension (SIPP) is that which typically involves a person moving their pension monies into high risk investments. SIPP pensions carry a risk as your investment can increase or decrease in value, meaning that you may get back less money than you invested.
SIPP pensions allow you more flexibility to invest your pension how you choose. They are intended for people who are experienced investors, seasoned in managing their own fund and switching their investments regularly.
TRUE Solicitors have found that many of our clients placed their hard earned cash into high risk investment SIPPs, and were often not properly advised of the risks involved. Some of which have sadly been left with significant financial losses.
What sort of SIPP investments are there?
SIPPs largely involve investing your pension pot into the following range of assets:
- Overseas land and property
- Green Oil
- Store Pods
- Resort developments
- Carbon credits
- Commercial property (shops, offices, factory premises)
- Unit trusts
- Investment trusts
- Insurance company funds
- Government securities
- Traded endowment policies
- Quoted UK and overseas stocks and shares
- Unlisted shares
How do I know if I have been mis-sold my SIPP pension?
You may have grounds for a mis-sold pension claim if:
- You were told to use your pension to make an investment
- You were advised to transfer your existing pension into a SIPP
- You were promised that your pension would be safe but you have lost money as a result of the advice
- The investment has failed
- You believe that the advice to move your pension was unsuitable for you
How TRUE Solicitors can help you with mis-sold SIPP claims
TRUE Solicitors LLP are experts in reviewing complicated paper trails to uncover negligent pension advice. If the pension transfer involved regulated advice, we may be able to pursue the appropriate body to recover losses and any benefit that the pension would have received had it not been transferred.
If you believe that you have received pension advice that may not have been in your best interests, please contact us.
For a FREE, no obligation initial assessment contact us now on 0844 854 7000. Alternatively you can email us at firstname.lastname@example.org, or submit an enquiry via the form on our website, and we will contact you without delay to discuss your case.
Our ‘No Win, No Fee’ service means there is no financial risk to you.
TRUE Client Stories
> Mrs W was awarded £50,000 after being mis-sold a SIPP…
Gather the information required to investigate your claim.
Submit a claim with the financial advisor or governing body.
Fight hard to win maximum compensation in the shortest time.
How Long Will My Claim Take?
Cases can take 6-18 months to conclude depending on the time taken to gather the evidence and whether or not the financial advisor or governing body admits liability regarding your mis-sold pension.
"Brilliant work done on my behalf. No complaints about anything . Once settled, swift payment."