Understanding Mis-sold Sesame Pensions:

• Unsuitable Recommendations: A pension advisor may recommend a pension product that is not suitable for the individual financial circumstances, risk tolerance, or retirement goals.
• Failure to Assess Individual Needs: The advisor may not have conducted a proper assessment of the customer’s financial situation, including their existing pensions, savings, and other investments, leading to an inappropriate pension recommendation.
• Inadequate Risk Disclosure: Customers may not have been fully informed about the potential risks associated with their pension investment, especially if it involves high-risk or complex financial products.
• Sesame Is a Network for many Independent Financial Advisers: You would not have been advised by Sesame directly, but they are responsible for the compliance for companies under their wing, including firms that are no longer trading.
• Hidden Fees and Charges: Important information about fees and charges associated with the pension may not have been adequately disclosed, leading to unexpected deductions from the pension fund.
• Pressure Selling Tactics: Aggressive sales tactics or pressure to make a hasty decision without sufficient time for the customer to consider the options could result in a mis-sold pension.
• Not Considering Existing Pension Plans: The advisor may recommend consolidating existing pensions into a new plan without considering the benefits and features of the existing plans.
• Misleading Information: The advisor may provide misleading information about the projected growth of the pension fund, potential returns, or other key aspects of the product.
• Lack of Understanding: The customer may not have fully understood the terms and conditions, risks, or consequences of their pension plan due to inadequate explanations by the advisor.