Are you a victim of a Mis-sold Self Invested Personal Pension (SIPP)? We can help if:
- You were misled over the risk of the investment
- Your IFA encouraged you to switch investments, without saying why
- Your SIPP has decreased in value, despite your IFA saying it would increase
- Your IFA failed to explain factors that could lower the value of your investment
The Mis-sold Self Invested Personal Pension (SIPP) Scandal A Self Invested Personal Pension (SIPP) allows investors to choose the types of businesses, FTSE 100 companies and emerging markets they invest in. SIPPs then offer more flexibility than most pensions which, when handled correctly, provides more choice in the pensions market. However, the Financial Conduct Authority (FCA) has identified ‘serious and ongoing failings’ by both Individual Financial Advisers (IFAs) and SIPP Providers. Typically, mis-selling is related to investors being given poor or misleading advice as to what investments were relatively safe and suitable for the needs of their clients.
The mis-selling of pension investments is a grave problem – leading to later years in life being anything but certain.
The mis-selling of SIPP investments has resulted in significantly reduced pensions funds, and the prospect of serious financial strain during retirement. According to recent research, as many as one in eight people have been mis-sold an investment or pension product in the last 12 months. So although it may feel like it, you’re not alone.
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