Mis-Sold Pensions Claims:
Compensation for Unsuitable Pension Advice.

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Quick Guide

  • Financial advisers must thoroughly explain the risks of pension transfers; failure to do so may constitute negligent financial advice and mis-selling. It's essential they ensure clients are fully informed about potential risks and implications.
  • Pension mis-selling can significantly impact your retirement finances. Great Claims can review your situation to determine if you have a valid compensation claim.
  • Operating on a no-win, no-fee basis, you owe us nothing if your claim is unsuccessful.

Have you had poor pension investment advice?

Pension mis-selling refers to the provision of unsuitable financial advice regarding pension transfers or investments, often accompanied by exaggerated promises of gains. This malpractice can lead to smaller-than-expected retirement pension funds. If your pension for retirement appears to have been mis-sold, you could be eligible for compensation.

Financially inexperienced investors are frequently enticed by the appealing promises of certain pension schemes. Unfortunately, these schemes often carry high risks, potentially leading to significant financial losses. Additionally, accessing pension funds prematurely can attract hefty tax liabilities.

Despite the UK Chancellor's assurances in 2015 that pension mis-selling concerns were baseless following new reforms, subsequent evidence indicates that regulations were inadequate to safeguard the vast number of individuals with access to their pensions. Since then, there has been a notable increase in the number of mis-sold pension claims in the UK.

If you were advised to transfer your pension from a previous employer’s scheme to a personal pension, and this move was not suitable for your circumstances, you might have a valid claim for compensation. Great Claims assists individuals who have received poor advice about transferring away from a previous employer’s pension scheme, helping them to seek rightful compensation.

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Want to know more about or get started with a claim?  Fill in the form and we will get back to you as soon as possible. 

Frequently asked questions

Great Claims offers advice and support for progressing pension mis-selling claims for individuals who have experienced the following issues:

  1. Investment of their pension funds in high-risk schemes that have subsequently failed. This includes investments in schemes such as off-plan property developments, storage pods, carbon credits, and similar ventures that carry high risks.

  2. Lack of appropriate pension advice, specifically regarding entitlement to an enhanced annuity. Many individuals are not properly informed about their eligibility for enhanced annuities, which can offer greater benefits due to health or lifestyle factors.

  3. Being advised to transfer out of their existing pension scheme into another scheme that ultimately proves to be inferior. This situation often arises when individuals are recommended to move their pension funds without being fully aware of the potential drawbacks or the superiority of their existing scheme.

In each of these scenarios, Great Claims provides professional guidance and assistance in pursuing claims for compensation due to mis-sold pensions.

Great Claims recognises the significance of your pension funds, which for many represent a lifetime of hard work and saving. Our approach involves a thorough examination of the sales process, evaluating all potential avenues to recover your losses.

Our services may enable you to:

  1. Recover Pension Funds: We can work towards reclaiming pension funds that you may have considered irretrievably lost, especially in cases where investments have gone awry.

  2. Compensation for Lower Returns: If you have suffered financial losses due to switching to a less beneficial pension scheme, we aim to obtain compensation for these losses. This includes scenarios where the anticipated returns were not realised due to poor advice or mis-selling.

  3. Securing a Better Annuity: We also focus on obtaining compensation for past losses while working towards securing a more lucrative annuity for your future. This ensures not only a remedy for past financial setbacks but also a more stable and rewarding financial outlook going forward.

With Great Claims, you have a dedicated partner committed to addressing the consequences of pension mis-selling and helping you regain financial stability.

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Request a callback

Want to know more about or get started with a claim?  Fill in the form and we will get back to you as soon as possible.