If you were given bad advice on your investments by a financial adviser or SIPP Provider which has resulted in you losing money, you may have been mis-sold your SIPP.

What is a SIPP?

A Self-Invested Personal Pension (SIPP) is a type of pension plan which allows you to choose where your money is invested, unlike a standard personal pension where your money is managed and investments chosen for you. Although SIPPs often offer a better return than a standard pension over time, SIPPs are a more complex and risky investment which requires experience and prior knowledge of investing to work effectively. This is why many who proceed with a SIPP use the services of a financial adviser to provide guidance regarding their investments.

Have I been mis-sold a SIPP?

For a lot of SIPP investors, problems arise when their financial advisers, often working on commission, recommend they put their money in high-risk investments without fully explaining the extent of the risks involved. This can result in investors losing large sums of money because they received bad information, or information from an untrustworthy source.
If any of the following apply to you, you may be eligible to claim back thousands of £s:

  • Were you pressured to make an investment that was riskier than you were prepared for?
  • Were the terms and conditions of your investments made clear to you?
  • Did your financial adviser or SIPP provider explain why you should invest in a certain area?
  • Were you made aware of any, and all, fees and charges which would be applicable throughout?
  • Did you find out that your financial adviser wasn't as experienced as they claimed to be?
  • Were you advised to move away from a safer workplace pension in order to invest in a SIPP?

 

If any of the above sounds familiar to you, or if you're unsure if you're eligible for a claim, contact us via the form below, call us at 0161 348 7650 or e-mail us here today for your FREE SIPP claim assessment.

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