What is SIPP Pension Mis-selling?
SIPP, or Self-Invested Personal Pension, is a flexible and popular retirement savings option. However, some financial advisors have mis-sold SIPPs, leading clients to invest in unsuitable and high-risk schemes without fully understanding the potential consequences. If you believe you have been a victim of SIPP pension mis-selling, you could be entitled to compensation.
Common Reasons for SIPP Mis-selling Claims:
- Unsuitability: You were advised to invest in a high-risk SIPP without proper consideration of your risk tolerance and financial circumstances.
- Lack of Information: Your financial advisor failed to fully disclose the risks associated with the SIPP investment, leaving you uninformed.
- Negligent Advice: You received inadequate advice or were not given alternative options to consider for your retirement savings.
Why Use Us?
At X-Claims, we are experts in handling SIPP pension claims. Our team of experienced professionals has successfully assisted clients in reclaiming their financial losses due to mis-sold SIPPs. Here’s why you should trust us with your SIPP compensation claim:
Specialised Knowledge: We have an in-depth understanding of the complex SIPP pension landscape and the mis-selling practices that may have impacted your investment.
Proven Track Record: Our track record speaks for itself, with a high success rate in securing SIPP compensation for our clients.
Compassionate Support: We understand the emotional and financial stress caused by SIPP mis-selling. Our empathetic team is here to guide you every step of the way, providing reassurance and clarity throughout the process.
Here is a list of Pension Providers who have been connected to SIPP Mis-selling cases. This could be due to their SIPP’s being wrongly recommended by other regulated or unregulated parties such as Financial Advisers or Introducers. Or the Pension Provider themselves may have failed in their regulatory obligations:
The Dolphin Trust
Beaufort Securities / Beaufort SIPP
Brooklands Trustees Limited
Carey Pensions UK LLP
Corporate & Professional Pensions Ltd
Forthplus Pensions Ltd
Greyfriars Asset Management
Guardian – GPC SIPP Ltd
Heritage Pensions Ltd
The Lifetime SIPP Company Ltd
London & Colonial Services Ltd
Pointon York Ltd
Stadia Trustees Limited
Westbury Private Clients & Westbury SIPP
What Our Clients Say
We have hundreds of happy clients, read their reviews of our service
Successful Claim – Dr D – May 23
“Lorraine and her team have been amazing in successfully fighting our case (including an appeal). We would never have had the knowledge or time for this ourselves. They are experts for mis-sold advice for pensions. Highly recommended. Thank you so much. You have been wonderful!”
Successful Claim – Mr K – Aug 23
“The X-Claims team were recommended to me by many colleagues. I can see why now. From my first contact with them I found them to be knowledgeable, clear talking, kind, professional, patient and thorough. They are experts in the field and navigate a hugely complex area that I have no knowledge of. They took away all the admin and stress for me. I would highly recommend Sophie & Lorraine and thank them for all their hard work getting a positive outcome for my case.”
Successful Claim – Dr A – Apr 23
“I am delighted to recommend the services of Lorraine and the team at X-Claims. They are knowledgeable, patient and persistent. They handled every step of the process, giving superb guidance and support throughout, culminating in a successful resolution to my claim. They are undoubtedly experts in their field and Lorraine’s calm reassuring manner helped negotiate the many hurdles and delaying tactics put up by the company responsible for my mis-sold policy. Without the help offered by Lorraine and the team at X-Claims I would not have been successful.”
Other Types Of Claim
FSAVC(s) pensions have been mis-sold to thousands of people. If you have an FSAVC it is worth checking to see if you have been mis-sold.
SIPP mis-selling occurs when financial advisers convince pension holders to invest their money into a SIPP scheme that promises higher returns on very risky, (and often unregulated) investments.
An opt-out is where you could have been a member of an occupational pension, particularly a “defined benefit” or “final salary” scheme and you were told to ‘Opt Out’ and purchase a personal pension instead.
Investment misselling occurs when you have received deliberate or misleading advice, where the investment was misrepresented or unsuitable.
Mortgage mis-selling occurs when it is improperly sold to a borrower. Mortgages were only regulated from contracts which were entered into on or after 31st October 2004.
You may have been persuaded to transfer out of your original occupational pension scheme into a personal one. Any transfer out of an occupational scheme could be a mis-sale.
These types of pensions may have been unsuitable for you if you had the option to purchase added years or contribute to your In-House AVC, and especially if you had no private earnings.
Get In Touch
Have a question or just want to get in touch? Give us a call or fill in our contact form. Would you like to speak to one of our specialists over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.
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Saturday – Sunday: Closed
PO Box 470, Tonbridge, Kent, TN9 9FG
Oakley House, Fordcombe Road, Penshurst, Kent, TN11 8DP