The high price of pension freedom – The Times highlights Neglect Assist concerns
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The Times Money section’s lead story includes an interview with Tim Wixted, managing partner of Neglect Assist raising his concerns about last year’s pension reforms.
After highlighting the case of a retired shop manager who lost £260,000 after falling prey to a salesman, Times reporter Mark Atherton interviews Mr Wixted. He raises concerns over the introduction of new pension freedoms commenting: “We predicted that the pension reforms would lead to a rise in savers being targeted. A quick look at online advertisements for guaranteed return investments shows this is the case.”
For the full article please click on this link (subscription required)
http://www.thetimes.co.uk/article/the-high-cost-of-pension-freedom-v6hfsvtjr
If you have been a victim of pension mis-selling please contact Neglect Assist by using the form on the right-hand side or calling 0800 152 2620
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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 MoreMis-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
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The Times
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