Mis-selling news & guides — page 2
British Steel Pension Scandal: Advisory Firm Enters Default with 35 Claims
The British Steel pension scandal is one of the most well-known pension mis-selling cases in the UK.
Mis-Sold SIPPs: Liberty SIPP Placed in Default with over 1,600 Mis-Selling Claims
The SIPPs mis-selling scandal is an ongoing problem in the UK, with thousands of customers left out of pocket as a result.
FCA Warns UK Consumers on Overseas Advisors Targeting SIPP Transfers
Instances of SIPP mis-selling have been rising in the UK in the last few years. The media has also regularly highlighted specific cases, which has helped to make the public more aware of the problem.
LJ Financial Planning Fined £107k for Unsuitable Pension Transfer Advice
Growing numbers of firms are being fined by the FCA, due to the poor investment advice they offered their clients in the past.
British Steel IFA Told to Pay Out Over Unsuitable DB Transfer Advice
The British Steel pension scandal is one of the most publicised cases of mis-selling in recent years. Numerous employees were left out of pocket as a result of bad financial advice, and to this day, are still seeking compensation for their losses.
Financial Ombudsman Records Rise in Personal Pension Mis-Selling Cases
Pension mis-selling has been a growing problem in the last few years, which shows no signs of abating. In fact, new data released from the Financial Ombudsman Service (FOS) reveals that the issue could be getting worse.
FCA Warn IFAs Over Rolls Royce DB Transfers
These days, there are many financial options for your retirement. It’s easy to swap your DB (defined benefit) pension for a SIPP or other pension product, but the key question is – is it the right thing to do?
SIPP Mis-Selling: FCA Ban IFAs Who Provided Misleading Information to Clients
Many investors put money into a SIPP, only to find out later that the risks weren’t explained to them properly, or that there were hidden fees, or other costs they weren’t made aware of.
Copia Wealth Management Enters Liquidation After Pension Transfer Advice Complaints
Pension mis-selling is a growing issue, with increasing numbers of people making claims for their financial losses. There are many ways in which a pension can be mis-sold– with one of the most common being lack of risk assessment.
Over 1,000 Mis-Selling Claims Have Been Made Against SIPP Provider Guinness Mahon
When transferring a pension, the financial risks should always be considered. It’s your financial advisor’s job to ensure that you understand the risks involved, and are happy to take them.
FCA Wins Court Case Against Illegal Pension Introducers Avacade & Alexandra Associates
SIPPs mis-selling has been a rising problem in recent years, with increasing numbers of financial firms coming under fire for their mis-sold pensions.
Pension Inequality: Many Women Have Been Mis-Sold Pensions
Previous research has shown that, when it comes to pension mis-selling (and seeking compensation), age and geographic location have considerable impact.