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Pension Mis-Selling Advice – Do You Have A Claim?

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Post: Pension Mis-Selling Advice – Do You Have A Claim?

🔥 PENSIONS & INVESTMENTS MIS-SELLING — KNOW YOUR RIGHTS

Quick Jumps: FAQs How to Claim

❓ COMMON QUESTIONS

  1. What is mis-selling in pensions & investments?
    It occurs when advisors recommend products that aren’t suitable — risky schemes, hidden fees, or exaggerated returns. This can affect your future savings and financial security.
  2. How can I tell if I was mis-sold a product?
    Red flags include being pushed to transfer a secure pension to a high-risk plan, unclear fees, or products that don’t match your investment goals or risk tolerance.
  3. Which products are most commonly mis-sold?
    Self-Invested Personal Pensions (SIPPs), high-risk investment schemes, unregulated products, and transfers from defined benefit pensions are frequently involved.
  4. Can I claim compensation?
    Yes. Start by contacting your advisor or provider. If the issue isn’t resolved, escalate to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS).
  5. What should I do if I suspect mis-selling?
    Gather all relevant documents — contracts, reports, emails — then approach your provider. If they don’t act, escalate your complaint to protect your financial future.
  6. Do advisors need to assess suitability?
    Absolutely. Advisors must understand your finances, risk tolerance, and objectives. Failure to do so may constitute mis-selling.
  7. What are the consequences of mis-selling?
    Potential impacts include financial loss, reduced pension value, locked-in funds, unexpected fees, and long-term effects on retirement planning.
  8. How can I protect myself in the future?
    Work with regulated advisors, request clear explanations of fees and risks, avoid pressure tactics, and seek independent advice if unsure.

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