🔥 PENSIONS & INVESTMENTS MIS-SELLING — KNOW YOUR RIGHTS
Quick Jumps:
FAQs
How to Claim
❓ COMMON QUESTIONS
- What is mis-selling in pensions & investments?
It occurs when advisors recommend products that aren’t suitable — risky schemes, hidden fees, or exaggerated returns. This can affect your future savings and financial security. - How can I tell if I was mis-sold a product?
Red flags include being pushed to transfer a secure pension to a high-risk plan, unclear fees, or products that don’t match your investment goals or risk tolerance. - Which products are most commonly mis-sold?
Self-Invested Personal Pensions (SIPPs), high-risk investment schemes, unregulated products, and transfers from defined benefit pensions are frequently involved. - Can I claim compensation?
Yes. Start by contacting your advisor or provider. If the issue isn’t resolved, escalate to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS). - What should I do if I suspect mis-selling?
Gather all relevant documents — contracts, reports, emails — then approach your provider. If they don’t act, escalate your complaint to protect your financial future. - Do advisors need to assess suitability?
Absolutely. Advisors must understand your finances, risk tolerance, and objectives. Failure to do so may constitute mis-selling. - What are the consequences of mis-selling?
Potential impacts include financial loss, reduced pension value, locked-in funds, unexpected fees, and long-term effects on retirement planning. - How can I protect myself in the future?
Work with regulated advisors, request clear explanations of fees and risks, avoid pressure tactics, and seek independent advice if unsure.