Britain is in the midst of a huge SIPP mis-selling scandal, worth billions of pounds. Thousands of people have lost their money due to poor advice from their financial adviser.
Typically, high returns are promised, only for the investments to falter when funds are ploughed into unregulated and non-mainstream investments such as an overseas property or storage pod scheme.
Our experienced team of claims specialists has a proven track record in gaining compensation for our clients who have been mis-sold SIPPS.
? Potential risks and hidden costs weren’t explained to you
? Your adviser reviewed your existing pensions and only recommended you transfer them into a SIPP
? You were told your pension was frozen
? Your adviser recommended a SIPP but did not specify investments within the SIPP
? You were contacted out of the blue by an introducer promising high return investments
? You lacked experience in managing investments
What the regulator says:
The Financial Conduct Authority say people should take action as soon as they suspect their savings were put at risk by their Financial Adviser, as time limits for claiming compensation can apply.
Compensation paid to victims of mis-sold SIPPS have risen for the last four consecutive years according to the Financial Services Compensation Scheme.