Were you talked into
investing your
pension into a SIPP?

Thousands of people have been convinced to invest their pension pot with the promise of High Performing Investments and Guaranteed Returns.

In reality, these turned out to be high-risk unsustainable schemes.

 

Self-Invested Personal Pensions (SIPP), can provide you with more flexibility to invest your pension where you choose. However, they are high-risk and should only be used by experienced investors. Some administrators used unregulated companies and didn’t do their background checks on what they were allowing people to invest in. The SIPP administrators who allowed people access to investment schemes like Ethical Forestry, Global Plantations and InvestUS have profited massively from customers fees alone. They were making money while most people lost theirs after the high returns they were promised never happened.

Some of the SIPP providers responsible for mis-selling include:

  • Guinness Mahon
  • Berkeley Burke
  • The Lifetime SIPP Company
  • Carey Pensions
  • Greyfriars Asset Management
  • Liberty SIPP

Mis-sold SIPPs have become the subject of an increasing number of complaints made to the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS). After landmark litigation and regulation intervention more and more people have access to regaining some, or in some cases all of their lost investment!

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Do you think you’ve been mis-sold?

If you have invested your pension pot in a SIPP scheme and you’re now suffering as a result, or even if you haven’t yet lost money but suspect something isn’t quite right, check your situation against the following criteria to see if you’ve been mis-sold:

  • Pressure Selling
    Were you pressured into investing your pension into something you didn’t want or need?
  • Unsuitable Scheme
    Were you advised to transfer your existing private pension fund to a new, higher return scheme even though it wasn’t suitable for your needs?
  • Unexplained Fees
    Were there any surprise fees or additional costs attached to the investment that you weren’t made aware of from the start?
  • Unexplained Risks
    Were there certain risks attached to your SIPP that you were not informed of when you agreed to invest?
  • Lost Investment
    Have you made significant losses as a result of any of the above issues?

If any or several of the above points sound familiar to you then fill out our simple contact form or give our experienced team of solicitors a call and let us help you.