Planet Pensions S.R.O /Square Mile Financial Services S.R.O.

Have you checked if you should be claiming compensation for the advice you received from Planet Pensions?

Planet Pensions S.R.O was previously known as Square Mile Financial Services S.R.O and was based in the Czech Republic.

Before the UK left the EU; Planet Pensions was able to offer certain products or services in the UK.

The company went into liquidation in July 2020.

Unsuitable advice claims

Clients have claimed that Planet Pensions gave them unsuitable advice regarding pension transfers. This included transfers into and from:

Planet Pensions also provided advice to customers to transfer into and from several other pension schemes.

Latest on Planet Pensions/Square Mile – FSCS declares default 

On the 14th of February 2023, the FSCS declared Planet Pensions Limited in default. 

It said that all claims made against Planet Pensions Limited s.r.o have now moved to its claims processing teams for assessment.   

It also stated on its website that “All claims will be considered on a case-by-case basis, to determine whether you are eligible for compensation or not.”

According to recent reports, as of 14th February, the FSCS has received 222 complaints against Planet Pensions.

It has rejected 12 of these claims, but 1 was upheld, triggering the default. The rest are still in progress


FSCS accepting claims against Planet Pensions

The FSCS announced in an update in January 2022, that it was accepting claims against Planet Pensions involving “advice in connection with pension transfers into and from The Forthplus SIPP and The Optimus Retirement Benefit Scheme.”

It said it was investigating whether claims against Planet Pensions were eligible for compensation under their rules.

And that it was also accepting claims against Planet Pensions involving transfers into and from other schemes.

As part of its’ investigation, the FSCS may require clients to first pursue a claim against connected firms still trading who may also be responsible for some, or all, of the customers’ losses.


What can you do if you think were mis-sold?

If a regulated firm or adviser has given you bad advice regarding your SIPP, you may be able to claim compensation.

You may be able to complain against the SIPP provider if they haven’t exercised proper due diligence regarding the investments in their SIPPs.


Get a free assessment to see if you may have been mis-sold

If you’d like to know if the advice you received from Planet Pensions may have been mis-sold – our free assessment check can help!

Whilst each case is individual, we are mis-selling specialists so we know the signs to look for that may indicate that you’ve been mis-sold.

Our assessment is free and there’s absolutely no obligation to use our service if you have case.

Key Facts

Planet Pensions Ltd s.r.o / Square Mile was declared in default by the FSCS in February 2023
The FSCS is accepting claims against Planet Pensions
Claims have been made for unsuitable pension transfer advice regarding The Forthplus SIPP and The Optimus Retirement Benefit Scheme

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Rodders Hewitt
Pension Claim Consulting Ltd ...have for me done a great job ...within the expected time scale ...Couldn't have asked for more
Phil C
Thank you to all at PCC. My claim was managed brilliantly and was successful. I can highly recommended their services. Thank you once again
Christopher Fraser
After identifying a concern regarding my pension, I sought advice from Pension Claim Consulting. The response and customer service was swift and amazing. The courtesy and care taken throughout the whole process was phenomenal. The consultant’s communication from start to finish filled me with confidence that PCC do exactly what they state and were on hand whenever required. The level of understanding, empathy for the frustrations, and patience is by far the best I’ve witnessed. I cannot thank PCC enough for their outstanding work ethic and dedication to customers/clients. If you have any concerns at all regarding your pension, then I would highly recommend that you get in touch with them.
Andy Yates
Fantastic service, so impressed with Pension Claims Consulting. None stop updates throughout and everyone who works there was so helpful and supportive in every way. Thank you so much for getting my pension back.
Robert Manningham
Pension Claim Consulting Ltd successfully won a case on my behalf following misguided advice I received in relation to my pension. They were most proactive in the process and kept me fully informed every step of the way. I have no hesitation in recommending their services.
Deanamo 84
Very professional, very thorough and very good at what they do. Always at the end of the phone or email for any questions at anytime throughout the process. I can’t recommend them enough.
Roger King
Pension Claim Consulting managed to reclaim some of my pension by constantly chasing the company that fraudulently took my money. I though that I had lost everything. I cannot thank them enough on recovering some of my pension back.
Susan Stringer
Excellent standard of service. The claim was protracted substantially by virtue of opponents trying hard to not accept any responsibility for their actions and not return the pension fund. PCC kept me fully informed throughout the process, obtained an excellent result for me.They also kept chasing the opponent when little action was taking place from them. The staff were always pleasant and helpful to deal with and very encouraging when I felt my claim was doomed to failure. I can not praise highly enough
Paul Wilshaw
Very professional and informative from the beginning of our 5 year relationship. They talked me through every step of the process with what to expect. I would recommend Pension Claim Consulting to anyone who wants an honest and professional service.
Bill Cass
Great team and they will get the best outcome they can always kept informed the process took a longtime not because of anything pension claims consulting did purely the pension sip provider playing games i would 110% recommend this company to pursue your claim without doubt best thing i have done they didn't give up on my claim even though I had given up on any good outcome however finally resolved and paid thank you pension claim consulting
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.