Good to know: You do not need to use a claims management company to make your complaint to your pension provider or intermediary. If your complaint is not successful you can refer it to the Financial Ombudsman Service or the Pension Ombudsman yourself for free if the firm is still trading. For eligible failed firms, you can refer a claim to the Financial Services Compensation Scheme for free.

0345 544 1563

Freedom SIPP mis-sold SIPP pension products to customers. Most of these customers had been assured that Freedom SIPPs were stable and low-risk, when they were, in fact, high-risk and unregulated by the Financial Conduct Authority (FCA). As a result, many people lost their retirement savings. Did this happen to you? If so, you may be able to recoup some of your losses.

If you invested with Freedom SIPP, you might be eligible for mis-sold SIPP compensation made available by the Financial Services Compensation Scheme (FSCS). Do you qualify?

What Happened with Freedom SIPP?

Back in October 2009, the High Court decided to place Freedom SIPP into liquidation and demanded that they cease trading. The case was brought about when HM Revenue & Customs reported issues with Freedom SIPP and their outstanding VAT payments. HMRC deregistered their SIPPs, which triggered an additional 40% tax on their assets that Freedom’s own Terms and Conditions mandated would be passed on to their investors.

Even though the 350 investors were free to transfer out of this mis-sold SIPP, they found it very hard to unload their SIPPs. Did this happen to you? Did you struggle to sell your mis-sold SIPPs from Freedom SIPP, and lose your retirement savings in the process? Even though more than a decade has passed, you may still be able to recoup your losses.

Are you entitled to mis-sold SIPP compensation from Freedom SIPP?

Were you misled by your advisor into investing with Freedom SIPP? Did they fail to make you aware that this was a high-risk fund, and that it was only suitable for High Net Worth Individuals earning more than £100K per year and/or with more than £250K in assets? If flawed advice about Freedom SIPP negatively impacted your finances, you might qualify for mis-sold SIPP compensation.

Don’t delay – get in touch with our team of claims experts. They can assess your case and determine if you are eligible for mis-sold SIPP compensation. Apply online today for an information pack to learn more.

FSCS Freedom SIPP Claim

Freedom SIPP has been declared in default by the Financial Services Compensation Scheme.  This means that the UK’s compensation scheme for failed financial services firms will pay compensation for valid mis-selling claims. Allegiant can assist you with claims to the FSCS about Freedom SIPP. Fill in our online application form to get started.”

You do not need to use a claims management firm to make your claim and if your complaint is not successful you can refer it to the Financial Ombudsman Service or in the case of a failed firm, the Financial Services Compensation Scheme, for free.

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Progress

Are you concerned that you are a victim of pension mis-selling?

Roughly how much do you estimate you have lost due to poor advice?

What type of pension are you concerned about

SIPP Provider

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Does your claim relate to an automatic transfer of your existing government pension into the 2015 arrangement?

Tell us briefly about the circumstances you want us to investigate

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Former Surname (if different when you took out your pension or investment)

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Please enter your national insurance number? (Optional – but providing this now could significantly speed up our investigations)

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Are you presently in a debt management plan?*

Have you ever been bankrupt, entered into an IVA or DRO?* This does not include debt management plans

Do you have an adverse County Court Debt Judgment?* This does not include debt management plans

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Andy Ramsay

Pensions & Investments Claim Manager

Andy understands financial services regulations and the technical arguments required to make a successful claim.

In his career he has successfully dealt with an array of claims such as pension transfers and switches, SIPP and endowment claims.

Andy was part of the “Pension Review” and Customer Liaison Departments for Royal Sun Alliance. Unhappy with how consumers were being treated, he realigned himself and has been representing consumers since 2004, ensuring fair and equitable treatment for consumers.

Contact Andy

Insights from Our Pensions Team

Expert Insight: The Importance of Choosing the Right Pathway for Your Claim: CMCs and Law Firms Compared.

In this article, Allegiant’s Pensions & Investments Manager, Andy Ramsay, explores the fundamental differences between between the Court and Ombudsman routes for resolving pension & investment claims. The article highlights key differences in:-

  • costs consequences and funding arrangements
  •  the differing basis of assessment that a Court will deploy when compared to an Ombudsman
  •  the potential need for claimants to attend a hearing in Court

Andy further explores out-dated preconceptions about Claims Management Companies. This short summary is essential reading for anyone planning on making a pension or investment claim with the assistance of a CMC or law firm.

Click to Read

Learn With Allegiant: The Financial Services Compensation Scheme (FSCS) In A Nutshell

You may have heard of the Financial Services Compensation Scheme (FSCS), but do you fully understand its vital role within the UK’s financial services sector? In this short piece, we look at:-

  • The type of claims FSCS covers (and those it doesn’t).
  • How and when it can help
  • The FSCS claims process

This article will be of particular interest to anyone with a potential compensation claim against a financial service provider that has collapsed.

Click to Read

Learn With Allegiant: What is a SIPP?

The Financial Conduct Authority (FCA) has identified ‘serious and ongoing failings’ by both Individual Financial Advisers (IFAs) and Self-Invested Personal Pension Providers. Typically, mis-selling is related to the “wrong” type of investor being given poor or misleading advice as to what investments were relatively safe and right for them. In this summary, we look at What a SIPP is, and how they have been mis-sold, together with the FCA’s review into sector malpractice.

Click to Read

Our Mis-sold Pensions Claim Procedure

  • Step 1

    Pre complaint investigation and analysis. No paperwork? Don't Worry! We could still help.

  • Step 2

    Once we've assessed claim prospects, we make a pension complaint to the Ombudsman or FSCS, where appropriate

  • Step 3

    Pension complaint response received. We'll carefully analyse the response and advise you on how to proceed.

  • Step 4

    If appropriate resolution cannot be reached with a live firm, and we disagree with their stance, we will refer the claim to Ombudsman on your instruction.

Why Pay More? How Our Fees Compare.

Allegiant always aligns great value with exceptional service. This winning formula has seen us emerge as one of the UK’s pre-eminent Claims Management Companies in recent years. See why Allegiant is a great choice below. *All information correct as at 28 August 2021.

Company Name
Advertised Fees
Example fee - £10,000 win
Additional Cost Compared to Alllegiant
Source
18% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£1,800
N/A
https://allegiant.co.uk/compliance/terms-of-engagement/pic/
24% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£2,400
£600
https://www.getclaimsadvice.co.uk/wp-content/uploads/2021/03/Get-Claims-Advice-Ltd-Terms-of-Business-11032021.pdf
30% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£3,000
£1,200
Not displayed on firm website.
38% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£3,800
£2,000
https://www.consumersavingsnetwork.co.uk/investment-claim-terms-conditions/
48% No Win No Fee inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£4,800
£3,000
https://goodwinbarrett.co.uk/terms-and-conditions-mis-sold-pension
18% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£1,800
N/A
https://allegiant.co.uk/compliance/terms-of-engagement/pic/
24% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£2,400
£600
https://www.getclaimsadvice.co.uk/wp-content/uploads/2021/03/Get-Claims-Advice-Ltd-Terms-of-Business-11032021.pdf
30% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£3,000
£1,200
Not displayed on firm website.
38% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£3,800
£2,000
https://www.consumersavingsnetwork.co.uk/investment-claim-terms-conditions/
48% No Win No Fee inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£4,800
£3,000
https://goodwinbarrett.co.uk/terms-and-conditions-mis-sold-pension

Our Fees - What You Need To Know

Worked Fee Example

How our fees work in practice:

• Compensation is £1,000, the fee is £150 plus VAT £30. This means the amount payable to us is £180 leaving you with the benefit of £820.
• Compensation is £3,000, the fee is £450 plus VAT £90. This means the amount payable to us is £540 leaving you with the benefit of £2,460.
• Compensation is £10,000, the fee is £1,500 plus VAT £300. This means that the amount payable to us is £1,800 leaving you with the benefit of £8,200.

NB. It is possible that our fee may become payable before you have access to your pension or investment which may result in you having to pay our fee from your own funds.

Cancellation Rights (Pension Claims)

You can cancel for free at any time within 14-days without giving any reason and without incurring any liability. You can communicate your cancellation by telephone, post, email or online.

You can cancel this agreement at any time after the 14-day cancellation period. However, if a complaint submitted by us is successful, the Success Fee will apply in the usual way.

You can cancel by post: Allegiant Finance Services Limited, Freepost RTYU–XUTZ–YKJC, 400 Chadwick House, Warrington Road, Birchwood Park, Warrington, WA3 6AE; (b) by email: helpdesk@allegiant-finance.co.uk; (c) by telephone: 0345 544 1563; or (d) online at https://allegiant.co.uk/legal/cancellation.

Looking for Claim Representation? Why Allegiant is a Great Choice for Pension Claims Assistance

Human

Our small, dedicated pensions team provide a personal touch

Trustworthy

We’ll treat your claim as strictly confidential. Your personal information is safe with us.

Longstanding

We’ve serviced over 100,000 clients across all service lines since our inception in 2010.

Fair Fees

Our fees compare favourably to competitors. We actively encourage you to shop around.

No Paperwork? Don't Worry!

We could still help if you don’t have all your paperwork or details. Our team are experienced in helping locate paperwork where possible.

Technologically Driven

Our online application system and claim audit surveys enable us to offer an efficient and convenient claims journey.

Open to Read:

Good to know: You do not need to use a claims management company to make your complaint to your pension provider or intermediary. If your complaint is not successful you can refer it to the Financial Ombudsman Service or the Pension Ombudsman yourself for free if the firm is still trading. For eligible failed firms, you can refer a claim to the Financial Services Compensation Scheme for free.