MFS Partnership were declared by the Financial Conduct Authority to be in default and are no longer in business.
Pension mis-selling commonly occurs as the result of advisers placing clients into unsuitable investments and often these are high risk, unregulated schemes held within a SIPP.
An adviser should operate due diligence and check that their clients’ circumstances and attitude to risk, suit the investment.
If you are worried about any advice you’ve received to transfer your pension into a SIPP, get in touch and talk to one of our experienced Claims Handlers. They know how to spot a mis-sold SIPP or pension and will be able to tell you if you could have a case to claim compensation.