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Ladies – there’s another pension scandal in town!

28 September 2020

Mis-sold Pension Transfers – Have you checked yours?

Did you know that women are less likely to have made a complaint about their mis-sold pension transfer than men? 

This is despite the fact that mis-selling affects both men and women equally. 

When we realised that less than 1 in 5 people making a claim were women, it made us think. There could be thousands of women affected by mis-sold pension transfers who are not coming forward. 

That’s thousands of women who have lost some or all of their retirement savings – in exactly the same way men have – but aren’t seeking the redress they are entitled to.

So, what is pension mis-selling?

Pension mis-selling most typically happens as a result of poor or negligent financial advice.  We most commonly see people advised to transfer their pensions into SIPPs which contain investments that are not suitable for them. 

Also, many women who transferred away from their pension scheme may have lost valuable and irreplaceable benefits that come with those schemes.

Some people were mis-sold after receiving a call out of the blue offering a free pension review which recommended transferring their pension to get more in retirement. 

Using clever marketing tactics to get both men AND women to move their money so they can earn their commission. Just google and look how many people have been affected by SIPP mis-selling. 

So why aren’t women coming forward to claim compensation?

That’s something we are hoping to shed more light on as we continue our campaign to raise awareness of women and mis-selling. 

What we understand so far is this; the fact that pension mis-selling isn’t more widely publicised, coupled with the fear and embarrassment often attached to mis-selling, has certainly contributed to some women feeling they are the only ones who have “fallen for it”

Which couldn’t be further from truth. 

In fact, in 2017 it was reported that nearly 50% of DB transfer advice was deemed unsuitable and in some cases involved outright fraud. 

Therefore, if you were advised to transfer your pension from a DB scheme into something like a SIPP, it’s quite likely through no fault of your own, that you may have been mis-sold.

This has been happening for years and affected thousands of pensions.

We want to encourage women and men to check their pension transfer. Simple as that!

Read Carol’s success story. Initially she felt too embarrassed to make a claim, but eventually she did tell a friend and started a claim.

Pension Transfer – Have you checked yours?

Whatever the reason – ladies if you’ve been advised to transfer you pension and it’s not what you thought it was – we say get it checked out! 

Start by using a free check service like the one we offer which is simply a chat to discuss very basic details which will help us establish if you may have a case – there’s no obligation to use our service, you can even make a claim yourself and we’ll tell you where to begin. 

Robert Pemberton
2022-04-11
Antony Stroud
2022-04-08
Excellent company, would definitely use again, they never gave up
Junior Geener
2022-03-20
always kept you informed has to what was going on .I'd recommend pension claim to anybody
Ian Gaynor
2022-03-14
A thoroughly positive result and experience. In all honesty I didn't have much hope of any success following a truly dodgy pension investment. I spent years angry at myself then decided to let these guys have a go on my behalf. It took hardy any effort on my part and they kept me fully informed, then out of the blue I got a call saying they have won all my pension back plus more and within days it hit my account. Thrilled with their effort and professionalism. I dealt with a few different staff and all were informative, polite and helpful. I great end to a terrible situation. 100% genuine review and I cannot recommend them enough. Thank you.
Grace Anderson
2022-03-11
Pension Claim Consulting were a Godsend. I was told about them by a friend who had also invested in a pension. They kept me informed on the progress of my claim with regular updates and answered my queries with patience and professionalism. There percentage for on behalf was also lower than expected. I can't thank them enough
adrian buck
2022-03-10
Keith Wilkins
2022-03-09
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
Mark Holmes
2022-03-08
Excellent service. Great result.
michael dixon
2022-03-08
I was approached by Pension Claim Consulting after the company that was handle ing my SIPP had been investigated by the Financial Ombudsmen and informed me i had a case, with this information given to me i agreed to let them represent me in trying to reclaim my investment. All through the process i was informed of every step and on a regular basis even though it took many months the outcome was successful and i was reimbursed fully. This is a fantastic company to work with and dedicated staff who know their business. Many Thanks. Mike Dixon.
Roderick Turnbull
2022-03-08
Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.