She approached her Solicitor for advice on matrimonial finances following separation from her husband. An agreement was reached between the parties whereby Mrs G was led to believe that she would receive monthly maintenance payments from her ex husband until he reached the age of 65.
The terms of this agreement were set out in writing and approved by a Court so as to become legally binding. However, the content of the written agreement differed to what Mrs G had discussed and agreed with her Solicitor. The agreement was drafted in such a way that maintenance payments to Mrs G ceased when she became entitled to take her own private pension benefits at the age of 55. This is not what Mrs G had intended and she stands to lose 10 years worth of maintenance payments as a result.
She approached us for advice and assistance. We are acting on her behalf in a claim for professional negligence against the Solicitor who acted for her in reaching the agreement. The case is ongoing and compensation of £160,000 is being claimed, plus legal costs.
Mis-selling or mis-management by a SIPP Operator?
Have you suffered financial losses on a SIPP operated by a SIPP operator? If so, then you may have grounds for bringing a No Win No Fee claim.
Some SIPP operators have entered into dealings with third party advisers who are not authorised and regulated by the Financial Conduct Authority to give pension or investment advice. This is despite their regulatory body publishing alerts and giving warnings against such actions.View More
Mis-sold or mis-managed investment or pension?
- You were sold an investment without having been properly advised of the risks
- Your personal circumstances or attitude to risk wasn’t properly considered
- You were sold a SIPP or poor returning annuity
- You were advised to invest all or most of your savings into a single investment