💥 MIS-SOLD PENSIONS & INVESTMENTS — WHAT TO WATCH FOR
⚠️ SIGNS TO SPOT
Financial products should match your goals, needs, and risk tolerance. Be alert to:- Unsuitable Products: Investments or pensions not aligned with your objectives.
- Hidden Fees: Unexpected charges reducing your returns.
- Overhyped Returns: Promises of gains that are unrealistic or not guaranteed.
- High-Risk Push: Pressure to take on risk levels beyond your comfort or capacity.
- Excessive Charges: Paying more than necessary without clear explanation.
- Insufficient Risk Information: Lack of warnings about potential downsides.
- No Alternative Options: Limited presentation of safer or lower-cost alternatives.
- Time Pressure: Urgency to decide without sufficient time for consideration.
📉 POTENTIAL IMPACT
Being mis-sold a financial product can affect your finances for years. This may include reduced growth, higher fees, and unsuitable investments affecting your long-term financial plans.✊ TAKING ACTION
If you suspect mis-selling:- Gather all relevant documents, statements, and communications.
- Contact your provider to raise a formal complaint.
- Seek guidance from independent sources, such as the Financial Ombudsman Service or a regulated financial advisor.