How to Determine if You Have Been Mis Sold a Pension

As an expert in the field of pension misselling, I have seen firsthand the devastating effects it can have on individuals and their retirement plans. At Gowing Law Solicitors, we are dedicated to helping victims of poorly sold pensions receive the compensation they deserve. If you suspect that you have been mis sold a pension, there are certain warning signs to look out for. These signs may indicate that the company responsible for selling you the pension is liable for your losses.

As experienced attorneys, we can assist you in gathering evidence and filing a claim for compensation. Some of the key indicators that you may have been mis sold a pension include being recommended a product that is not suitable for your circumstances, inadequate explanation of the product's operation and risks, and false promises of better conditions and early retirement. Unfortunately, this has affected hundreds of thousands of people in the UK, resulting in significant losses and shattered retirement plans. If you have not received proper advice regarding transferring or investing your pension funds, you may also be entitled to compensation.

Many people mistakenly believe that if the company responsible for the misselling is no longer in operation, they have no one to file a complaint against. However, this is not the case. If you have received misleading or inaccurate financial advice that has resulted in a lower pension than expected, you may be eligible for compensation. In fact, one of the strictest criteria for seeking compensation for an improperly sold pension is if the customer was advised between July 1, 1988 and April 5, 1997. During this time period, many individuals were misled into transferring their pensions instead of following the government program.

As a result, there has been a surge in compensation claims related to this specific area of misselling. It is crucial to seek out a highly qualified and experienced service to handle your case and ensure that you receive the maximum compensation possible. Many organizations have set aside billions of pounds to settle claims for undersold pensions, so it is important to take action and seek the compensation you deserve.