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Mis-selling occurs when people are targeted and talked into transferring their pensions into unsuitable, unregulated, or failed investments by ungoverned salespeople, often via cold calls.
Usually, victims have transferred from safe and secure final salary/defined benefit pensions into Self-Invested Personal Pensions (SIPPs), Qualifying Recognised Overseas Pension Schemes (QROPS) or other personal pensions.
As a result of pension mis-selling, many people have:
Pension mis-selling is a growing problem, but victims do have the right to claim compensation.
The Financial Services Compensation Scheme (FSCS) is forecasting sharp increases in claims for mis-sold pensions, with the overall compensation fund expected to reach £1 billion by 2022. If you have a pension (or you were advised to get a pension) and the provider or adviser has gone out of business, you may have a claim with the FSCS. We are expecting an increase in such failures due to the widespread economic impacts of COVID-19.
Alternatively, if you were advised to transfer from a workplace pension to an unsuitable scheme that has not gone out of business, you may be eligible for compensation via the Financial Ombudsman Service (FOS).
The Investment Fraud and Mis-Selling team at Keller Lenkner UK has successfully helped many clients who have had their pensions transferred and incurred losses as a result. Representing people in England and Wales, we can advise on complex pension advice claims and failures of pension operators. We help our clients claim back what they are due via both the FSCS and the FOS.
If you were persuaded to transfer your pension to an unsuitable scheme you might have been mis-sold, and we can help you to claim. Signing up is straightforward and costs you nothing as we act on a no win-no fee basis.
Your pension may have been mis-sold if:
Those affected by pension mis-selling could be owed thousands of pounds each. We make the process of claiming back what you are due straightforward. It is free to sign up and only takes a few minutes.
With a deep understanding of, and extensive experience in mis-selling claims, our expert team has everything it takes to win. What’s more, the strength of our firm ensures that we never have to back down from a challenge. Indeed, with access to whatever resources we need – be that time to go the long-haul or the expertise to delve deep into the evidence – when it comes to getting justice for our clients against big organisations and government bodies, we don’t just even the score, we take the fight to them.
We act on a strict no-win, no-fee basis, so, as our client, you will not pay us anything upfront.
Many people have been persuaded to move their valuable workplace pensions into private schemes such as SIPPs, QROPS or other personal pensions. Often, they were targeted by unregulated salespeople and overseas companies who failed to explain the risks. As a result, many have lost out financially.
If you believe that you have been mis-sold a pension, contact us to find out more about what this involves. If you are not sure if you have a claim, we can find this out for you.
You will only have to pay anything if you win. You will not have to pay anything upfront. Any payment would only come out of the money that we recover on your behalf. We will conduct the claim for you under a no-win, no-fee agreement. If you win, our fees will be deducted from your damages.
Each case is different, and calculating the compensation owed will depend on several factors. Compensation aims to put you back in the position you would be in now if you had not transferred your pension, but there are maximum limits when claiming with the FSCS. That it why it is vital to get expert help. Those affected by the mis-selling of workplace pensions could be owed thousands of pounds each and our professional team strives to get you the maximum compensation possible.
If you have a pension (or you were advised to get a pension) and the provider or adviser has gone out of business, you may be able to claim with the Financial Services Compensation Scheme (FSCS). Alternatively, if you were advised to transfer your benefits from a workplace pension to an unsuitable scheme that has not gone out of business, you may be eligible for lost guaranteed pension benefit compensation via the Financial Ombudsman Service (FOS).
Not at all. The process to join is straightforward and can be completed quickly from your phone or computer.
If you are interested in joining our action, contact us to see if you can claim.
Keller Lenkner UK has been shortlisted at The British Legal Awards 2021 in the ‘Independent Law Firm of the Year’ and ‘Strategic Legal Operations Team of the Year’ categories. We have also been shortlisted for the ‘Disputes Boutique Firm of the Year’ award at this year’s The Lawyer Awards.
With innovation, resources and expertise, Keller Lenkner UK fights for justice for each and every client.
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London, WC2A 1DD
020 8057 7480
509-511 Cotton Exchange,
Old Hall Street, Liverpool, L3 9LQ
0151 459 5989