Claim your money back from bad pension advice
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Check your Eligibility in 4 easy steps
Why Do You Belive You Was Mis Sold?
Roughly How Much Money Was In Your Pension Pot?
Do You Remember Where You Transferred Your Pension To
What SIPP Means?
It is a government-approved scheme which gives you greater levels of freedom how you invest your retirement funds compared to what you can get from another type of pension. You make your decisions on how your pension runs. Over one million nationals are into SIPPs to increase their pension fund, but do you know it involves more risk than other types of investment?
SIPP can be for whom that can understand investments and that can be utilized by those who have taken good advice from a financial adviser but if the investment advice is not appropriate or the person doesn’t know much about investment, in that case, cause the pension to lose money, even sometimes reducing the value of the pension zero.
Do remember some time advice can be demonstrably negligent – a mis-sold SIPP. Unfortunately, a lot of investors have lost their investment due to mis-sold SIPPs.
Have you ever experienced mis-sold SIPPs? Have you lost cash through SIPPs? Then please keep these things in mind while investing in SIPP.
Frequently Asked Question
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