FAQ
Most frequent questions and answers
A SIPP (Self-Invested Personal Pension) is a type of personal pension scheme available in the UK that allows individuals to have more control over their investments. It offers a wide range of investment options, such as stocks, shares, bonds, and commercial property, which allows individuals to tailor their investments to suit their needs and goals. SIPP also offers potential tax benefits, such as tax relief on contributions and tax-free growth on investments.
After you have submitted the enquiry form, we will contact you to evaluate whether you meet the criteria for making a claim. If you are eligible, we will request additional information from you to facilitate the initiation of your claim by one of our trusted solicitors. The solicitor will either send the ‘Claim Pack’ to you via email or post for you to complete and return.
Prior to proceeding with your claim, you will be advised of the percentage that will be retained by your solicitor, giving you the opportunity to decide whether to proceed or not. Once you have made a decision, you can relax knowing that we will take care of everything for you.
There are several reasons why you may be eligible to claim compensation for a mis-sold SIPP. Some of the most common reasons include:
Inadequate risk disclosure: Your financial advisor failed to explain the risks associated with investing in a SIPP, and you were not made aware of the potential losses that you could incur. As a result, you may have invested your pension savings in a high-risk investment that was unsuitable for your needs and investment goals.
Unsuitability: Your financial advisor may have recommended a SIPP investment that was unsuitable for your needs, financial circumstances, and investment objectives. For instance, your advisor may have recommended a high-risk investment even though you expressed a preference for low-risk investments.
Hidden fees: You were not informed of the fees and charges associated with investing in a SIPP. Your financial advisor may have deliberately hidden these fees, which could have resulted in significant losses for you.
Pressure selling: You may have been pressured into transferring your pension savings into a SIPP by your financial advisor. They may have used aggressive sales tactics to convince you to invest in a SIPP, even if it was not suitable for your needs.
If you have been a victim of any of these situations, you may have a valid claim for compensation. It’s essential to seek professional advice to evaluate your case and determine whether you have grounds to make a claim.
If you have received advice or invested in any of the following companies, there is a high chance that you have been mis-sold:
- Resort Group
- Global Plantations
- Storage Pods
- Berkley Burke
- Offshore Holiday Companies
However, if your investment does not fall within any of the above categories, there’s no need to worry. Our team of experts can still assist you in evaluating whether you have been mis-sold and determining whether you are eligible to claim compensation. Don’t hesitate to contact us to discuss your situation further.