Mis-sold Savings Plans

Savings Plans


Regular savings plans were sold by companies such as Allied Dunbar, Cornhill, General Portfolio, MI Group, and went under a variety of names – MIP, Capital Builder, Flexible Savings Plan, etc. They were, however, bad investments with high front end charges, and most were a mis-sale. You may still be able to claim compensation.

A number of insurance companies in the past 20 years have sold insurance policies as savings plans when a PEP or an ISA would have been more appropriate. Now these plans are being cashed in, many show little or no return for many years of savings because of the high front end charge structure.

Was the advice I received about my Savings Plan wrong?


You should claim if: Your plan shows very little profit or a loss.

Dr S - Oct 2020

My colleague recommended X-Claims to me. He was right, they are the best in the business and successfully fought my case. Thank you X-Claims!

Dr S - Apr 2020

Lorraine has provided me with excellent advice and achieved a good outcome, despite many challenges. I would highly recommend X-Claims.

Dr G - Mar 2020

Another doctor told me about your service. Without X-Claims I would not have challenged the financial advice I had received, nor the products I had been sold. They guided me through the process, kept me updated, took the hassle out of it, and as a result I have been awarded a significant sum of compensation. Thank you.

Dr W - Jul 2019

The process of making a claim for a mis-sold financial product was straight forward and painless by X-Claim’s experts. I was surprised and delighted with the outcome.

Ms G - Apr 2019

Thank you very much for pursuing this claim on my behalf and for the extraordinary result. I was aghast at the impact that a decision, made on bad advice many years ago, had on my pension.  Thanks to the expertise, tenacity  and sheer doggedness of you and your team that wrong has now been made good.

Dr D - Apr 2019

Thank you again for applying your significant astute observation, expertise and judgement to helping me obtain a just outcome with this issue of compensation for previous poor financial advice. Although the settlement is of course most welcome, the compensation for me is more than financial.

Dr B – Jan 2018

It was very easy to contact X-Claims and the whole process was straightforward and simple. Lorraine and Sophie were very helpful and efficient.