Mis-Sold Pensions

Were you encouraged to invest your private pension in a high-risk SIPP?

In many cases, investors were advised to transfer funds from their private pensions and to invest in high risk, highly speculative SIPP investments, under advice that they would receive much higher returns. However, due to the high risk involved, these investments are usually only suitable for experienced investors. They are not suitable for the ordinary investor.

If you were encouraged to invest your pension in a high-risk SIPP investment you may be entitled to compensation.

In some cases, investments have been made into high-risk unregulated schemes.  Examples of these investments include:

  • Foreign property investments
  • Hotel rooms
  • Carbon credits
  • Green energy
  • Forestry
  • Self-storage units
  • Airport parking
  • Collective investment schemes

Your pension may have been mis-sold if:

  • The risks involved were not properly explained to you
  • Your personal circumstances were not properly considered by your financial advisor
  • You were of an age for the investment to be deemed unsuitable for you
  • You were not properly advised on how your money would be invested
  • You were sold an investment that was riskier than your financial circumstances or attitude to risk required.