The Skyrocketing Rate of Mis-Sold Pension Claims. What Happened?
The Financial Services Compensation Scheme (FSCS) released figures that indicated a doubled increase in compensation payouts to individuals who have transferred money out of their defined-benefit (DB) pensions. In fact, pension mis-selling claims reached £40 million in 2018, which saw a considerable rise from the £37.5 million in 2017. Pension transfer activity had also skyrocketed…