Did you have a Marks & Spencer (M&S) pension? Were you advised to switch your pension? If so, it’s important to reflect and consider whether you were correctly advised. Due to widescale mis-selling of pension transfers, there is a significant risk you did not receive the correct advice.
The FCA has recently expressed concern that many independent financial advisers provided Marks & Spencer pension holders with negligent advice by failing to consider the suitability of the transfer. This negligent advice caused Marks & Spencer pension holders loss by transferring them to inferior or risker schemes.
Worse still, there are concerns that many independent financial advisers were being paid on a “contingent fee” basis – meaning that they only got paid if a switch occurred. This may have led to advisors to put their own income before client interests.
Here at Allegiant, if you had a Marks & Spencer pension and were advised to transfer, we can help. A successful claim can help reverse the damage, and get you the compensation that you deserve.
To have your prospects assessed by our specialist team, simply fill in our online form.
