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Mis-sold pension claims

Expert advice from the specialist pension mis-selling solicitors

Have you lost hard earned money following bad or inadequate financial advice on your pension arrangements? Were you advised to transfer from a company pension scheme to an alternative such as a SIPP? Our pension mis-selling solicitors are here to help you work out whether you have strong grounds for compensation, and if you do, they will fight hard to recover your losses for you.

Most financial advisers perform their role to the highest standards and in the best interests of their client. Sadly however, some do not, either due to lack of knowledge or simply for their own gain. If you’ve been a victim of poor or misleading advice you may have lost a large part of your pension pot or even everything you’ve worked so hard for.

We know this is a stressful time and we’re here to support you. Our financial litigation solicitors specialise in mis-sold pension transfer claims. They will quickly assess your situation and advise you on how best to move forward.

Book a free consultation at a time to suit you

One of our pension mis-selling specialists will be in touch very soon.

How our experts can help you

Our expert solicitors will support you at every step, starting with an honest assessment of your situation and your chances of success, so you know what to expect. If there is a claim to be made, we will rise to the challenge and fight hard on your behalf to recover all the money you have lost.

Our vast legal expertise and our deep understanding of pensions, investments and the regulatory landscape surrounding financial advice will give you a clear edge in the most complex and challenging negotiations.

Speak to one of our financial mis-selling solicitors now if you think you may have been:

  • Mis-sold a defined benefit or final salary pension transfer if you worked in the public sector such as the NHS and emergency services, government, the Civil Service, or teaching
  • Mis-sold a defined benefit or final salary pension transfer if you worked in a previously nationalised industry such as British Steel, British Rail, British Coal, BT, or as a dockworker or miner
  • Wrongly or poorly advised to move your retirement savings into a SIPP
  • Wrongly or poorly advised on using your pension to provide a regular income such as an annuity or drawdown pension
  • A victim of commission “churning” i.e. your adviser appears to be moving your money from one product to another in order to earn more commission for themselves, regardless of whether you win or lose financially from the move.

Recommendations

The next day feels as good as yesterday. Thanks for yours and your teams hard work on this case.

On our own we don’t have a voice. Together with professional guidance we have a chance. I understand it’s a long road ahead but I feel better stronger and believed.

Client

Your pension mis-selling questions answered

Which pension schemes do you act in relation to?

  • British Steel Pension Scheme
  • Rolls Royce
  • Arvin Meritor
  • Sony
  • Tesco
  • Debenhams
  • British Airways
  • Army pensions
  • Council pensions
  • Firth Rixson
  • Austin Rover (BMW)
  • Schaeffler UK
  • Caparo
  • Compass Group Pension Plan
  • NHS pensions
  • Wilkinsons
  • Belway
  • Rexham
  • Mothercare
  • Mineworkers
  • Afon Tinplate
  • National Grid
  • Glen Dimplex
  • Teesside Local Government
  • Worseley Group Retirement Benefits Plan.
  • Gallaher ‘A’ pension
  • GB Care Plan pension
  • Railways pension scheme

How do I know if I’ve been mis-sold a pension?

Pension transfers can be lucrative business and some unscrupulous companies have been cashing in by persuading people to release their money from the safety of a company pension or savings.

If you can answer ‘yes’ to any of the following questions, please get in touch with our pension transfer mis-selling specialists now.

  1. Did you respond to an advert for a free pension review or were you cold-called or approached at an event?
  2. Are you unsure whether the adviser was qualified and authorised by the Financial Conduct Authority (FCA)?
  3. At the review, did they spend more time persuading than asking about your personal circumstances and needs?
  4. Did they show little interest in your personal attitude to risk or your understanding of how these investments may perform?
  5. Did the promised investment returns sound almost too good to be true?
  6. Did they fail to explain or underplay the benefits you would lose by moving your company pension or savings into a SIPP or similar?
  7. Did they claim the opportunity was only available for a limited time or lots of people like you were acting on their advice?
  8. Were they quick to invest your money once you had transferred your pension and / or savings into a SIPP or similar?
  9. Are you now having trouble getting hold of them?
  10. Have they since gone out of business?

How can I be sure the pension transfer advice I received was poor?

Not all pension transfers advice is poor or negligent and therein lies the problem. Without a detailed understanding of pensions and investments, it’s almost impossible to tell what good advice is and what is bad. Also, pension transfers are promoted as long-term pension investments, so it could be several years before you realise something is wrong.

Our pension mis-selling specialists include qualified financial planners with a keen eye for spotting those advisers who may not be acting in your best interests.

Is it always wrong to transfer out of a company pension scheme?

Not every pension transfer has been mis-sold. There are some good reasons to transfer out of a final salary pension and a decent financial adviser would have thoroughly explained these reasons to you, until you were confident you understood the reasons why.

For many people though transferring out of a company pension scheme is not the right thing to do. With a company pension your employer carries the risk of ensuring your pension pot grows sufficiently to pay you an income when you retire. In any form of personal pension, this risk sits with you. So, if the investments you have agreed to don’t grow sufficiently, you will have a smaller pot to fund your retirement.

How will I pay for my pension mis-selling claim?

We offer two ways to pay for a pension transfer mis-selling claim:

  1. No win no fee – you pay nothing upfront and only pay us if you get compensation
  2. Fixed fee paid upfront

How do I begin a compensation claim for poor pension transfer advice?

  1. Request a copy of your file from your adviser
  2. Ask for a breakdown of fees you have paid and the fees to be paid for the transfer and investment of your pension money
  3. Don’t delay. Seek professional advice. We represent individuals and groups of employees.

Contact our pension mis-selling specialists today

Our specialist financial mis-selling solicitors based in BirminghamBristolCardiffLondonManchesterTaunton and Southampton are ready to discuss your case.

Book a free consultation at a time to suit you

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