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If you are a victim of pension mis-selling and as a result have suffered a substantial or total loss of funds, contact our specialists today to see if you are eligible for compensation.
At TBP, we strive to achieve the most positive outcome for all our clients. The high level of commitment and customer service we provide is what ultimately ensures the smooth handling of each claim.
What time’s best for you?
SIPPS are typically suitable for high net worth individuals who have investment knowledge and history. If you were advised to transfer your pension without the risks outlined and other options available, it is possible that you were mis-sold. Thousands of people have been mis-sold over the past 15+ years by negligent financial advisers whose main aim was to make large commission!
How can we help?
Our specialist team will assist you with the assessment of your current mis-sold pension and/or investments. They will advise you on the most appropriate route for the best possible outcome, whether this be through the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS).
Financial Advisers and Mis-selling
Listed below are the common financial advisors who have mis-sold clients. If you have received advice from any of the listed advisers, it is highly likely you have been given poor advice.
An ordinary man or woman with a personal pension or work based pension is cold called by either an introducer or the adviser themselves, calling to discuss their current pension options. They are asked if they are happy with their current pension arrangements and told that by moving them into a SIPP and, investing could mean that they would receive higher returns and in many cases, a cash incentive for doing so. The transfer goes ahead and the financial adviser receives a sum of money as an IFA fee for facilitating the transfer…simple as that!
Pension mis-selling clients are usually told the following:
Making a SIPP claim
Contact The Byrne Practice today to receive your free assessment. We will listen to your story, take some details and identify if you were a victim of pension mis-selling. Alternatively, please fill out our call back request form and we’ll get in touch.
You’ve worked hard to build up a pension pot for retirement and our aim is to get this back for you!
Mrs G received a cold call from a firm of Independent Financial Advisors called Bright Financial offering her a free pension review.
Bright Financial advised Mrs G that she would be guaranteed higher annual returns of 6% if she transferred her company pension scheme into a SIPP (Self-Invested Personal Pension).
A SIPP is a self-invested personal pension. SIPPs allow investors to have the freedom to use a wider range of invest products in order to grow their pension fund.
An IFA stands for Independent Financial Adviser, IFA’s should be regulated, meaning they are qualified to provide financial advice to clients, however this isn’t always the case. You can check if your adviser is regulated by searching there name on the Financial Conduct Authority website (FCA register).
From looking at your documentation this is something we can quickly determine, the following are common pointers;
Dependant upon the complexity the case and whether the business we are claiming against is still trading, claims usually takes between three to nine months.
This is dependant on how much was transferred to the SIPP and the circumstances at the time. The maximum that the FSCS award is £50,000.
The monies will first be paid into our client current account then transferred minus our fees into your bank account.
We work on a no win no fee basis therefore if you aren’t successful you won’t be charged, there are no upfront fees. If we are successful in obtaining your compensation monies we take 17.5% plus VAT.
Yes, you can cancel your claim, there is a 14 day cooling off period where you will not be subject to charges however after that time there may be charges as we will have started work on your case.
We understand you’re busy. Leave your details with us and we’ll get in touch with you to discuss your requirements.