Claim your money back from bad pension advice
No Upfront fees- No Win – No Fee
- Expert Advice
Filing A Compensation Claim
One out of nine pensioners have experienced mis-sold SIPPs. Finding out risky pension scheme can be difficult, because people who go for SIPP might not know the high risk involved.
This is where money advisory comes in, we are experienced in this line where we develop a strategy that reveals mis-sold pension schemes and we give the best advice on how to file compensation claim. We will guide you through the process. Be rest assured that your potential claim will be in capable hands.
Some people might not want to go through the process on their own or face their financial advisor. If so, contact our skilled and experienced specialist, we are always ready to listen to you.
Pros of SIPP
You can Invest up to £40,000 a year with tax relief.
There is a low annual custody charge.
You can save regularly from £25 per month or even more than that.
You can get the best suitable option here as there is a lot of investment options.
Cons of SIPP
There is a risk; you might not be allowed to withdraw from your SIPP until you reach at the age of 55.
SIPP has not transferable There is only one way if a client goes through a divorce but usually, people don't go that much far away.
If any bad advice concerning SIPPs left you worse off, you may be able to make a complaint and you can receive SIPP claim compensation.
How SIPP Are Mis-Sold
- Wrong advice: people that were told to transfer their pension to SIPP without knowing the risk involved
- Pressure: some were pressurized without giving time to think deeply of the consequence.
- Not enough knowledge: These are the new investors. So, they will advise to go for the investment without having full knowledge of what they are going into
- They weren’t explained to the 55% tax rate involved
- They were told that once you are into SIPP, tax would be avoided
- The risk involved was not explained properly
