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…
“A Huge Weight Has Been Lifted” The below is a typed-up copy of a letter we received from a client who we helped receive financial compensation for their mis-sold solar panels. Here at Consumer Reclaim we will always fight to ensure that our clients get the best offer. Many thanks to the team at…
When it comes to finances, a pension is often deemed an integral part of life as a way to help you remain financially stable after retirement. However, this amount typically depends on how much you’ve contributed during your employment years. Your pension scheme only takes a halt when you leave your employer, decide to opt-out,…
As a landlord, there are numerous things you have to take care of for your clients. You have to ensure that everything is in good working order and that your tenants take care of your property. You’re also responsible for any structural repairs and maintenance that make your unit a safe place for your tenants.…
One of the most important things about making a purchase is making sure you get your money’s worth. If a company promises a product that fulfils several tasks, then it must do so accordingly. However, if a bank or a financial institution sold you a product that wasn’t compatible with you, you can get your…
A nightmare that no retiree wants to ever live through is being mis-sold a pension. Yet, the sad truth is that too many unsuspecting citizens—both young and old—can fall prey to such problems. If you stay on top of the news, chances are that you’ve heard of older citizens and aspiring investors alike falling into…
After quite a while spent on researching, test-driving, making arrangements, and seeking loans, you’ve finally managed to get your hands on the car of your dreams. At first, everything seems to be perfect: you have smooth shifts, the car picks up when you need it to, and all the internals are working in sync as…
If you’ve been renting an apartment or studio for a while, only to notice your home slowly begin to deteriorate, it’s crucial to let your landlord know immediately. If they remain indifferent and ignore your pleas, the next step may be to file for a disrepair claim. A disrepair claim is a legal solution that…
Another result due to the perseverance of the Consumer Reclaim team. Our client received an initial offer of a goodwill gesture of approx. £1,600 only. We advised our client that this was not appropriate and referred our client’s file to the Financial Ombudsman Service. Initially, our client received an improved offer of circa £4,000. We…
For the average British citizen, the most expensive things that one would ever buy, other than a house, would definitely be a vehicle. While purchasing brand new cars can be exciting, it will certainly give your bank account a serious punch to the guts. Fortunately, for those that do not have much to spend on…
