The Pensions Office Limited, based in Sheffield, lost its’ FCA authorisation a few years ago and in 2015 was declared in default with the Financial Services Compensation Scheme. This means that any claims against them for negligent advice will be dealt with by the FSCS.
There has been an increase in pension transfers in recent years, with people moving out of work place pension schemes into SIPPS, often on the advice of a financial adviser. This can be a good move for some people, providing the investments recommended are suitable and match their attitude to risk.
If, however, an adviser has placed you in high-risk, unregulated schemes such as storage pods, overseas property, diamonds etc and you weren’t made aware that you could lose your investment, then the advice is negligent and you may be able to claim compensation against this advice.
Worried about the pension transfer advice you received? Get in touch and talk to an experienced Claims Handler who can assess whether the advice you received was suitable or not and if you have grounds to claim compensation.
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 Compensation Scheme, whichever is applicable to your claim.
We will not make or pursue a claim, or advise you to, if we know or have reasonable grounds to suspect that the claim does not have a good arguable basis, and or is fraudulent or frivolous.