The average redress to each affected consumer is between £28,000-£84,000
At Magnum Claims, our team can help you claim compensation if you believe you have been mis-sold a pension or pension plan.
Our team work for you and could recover thousands of pounds in compensation, or money for mis-sold pension claims. We can help anyone advised in the UK with our pension claims compensation services. We have specialist advisors ready and able to work for you immediately. At Magnum Claims, our team can help you claim compensation if you believe you have been mis-sold a pension or pension plan.
The Financial Conduct Authority conducted a review of pension transfers and issued a paper in July 2019 which concluded that 50% of all Occupational Pension Transfer advice had been unsuitable for the client.
Key points to look at when making a claim for your pension are things like:
– Is your pension running out of money?
– Have you been advised to go into a pension Drawdown?
– Have you been advised to transfer your money away from a Final Salary or Denied Benefit Company Pension?
– Were you advised to invest in unregulated investments, e.g. storage pods, overseas property, ethical forestry etc.
– Were you given annual reviews, ongoing support and projections?
– Were you charged ongoing services fees but didn’t receive the service or get good value for money