Neglect Assist issues warning after pension changes
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Pradeep Oliver, head of professional negligence at NeglectAssist warns of a “huge danger” following sweeping changes to pensions regulations.
Interest rates are low, and that opens the door to people selling exotic, riskier investments…
In an article in the Financial Times titled “UK pensioners try to recoup losses from high-risk unregulated funds” Oliver comments that: “There’s a huge danger, in that we now have a lot of people needing to make investment decisions who have never made them before.
“Interest rates are low, and that opens the door to people selling exotic, riskier investments.”
The Financial Services Compensation Scheme said this week it paid out almost £20m in the past year over risky and illiquid investments within Self-Invested Personal Pensions (SIPPs), and expected claims to keep rising.
You can read the complete article at: www.ft.com/cms/s/0/a156a0bc-2c9c-11e5-8613-e7aedbb7bdb7.html (registration required).
Why choose Neglect Assist?
- 17 Years of Specialist Experience: With 17 years in professional negligence law, our specialist team focuses exclusively on cases like yours, ensuring expert support every step of the way.
- 95% Success Rate: We have a proven 95% success rate for cases within time limits—far superior to the ombudsman’s 60% uphold rate for pension and investment complaints*.
- £150+ Million Recovered Since 2007: We’ve successfully recovered millions for clients who suffered financial losses due to negligent advice or mis-sold investments, demonstrating our ability to deliver results.
- 1000’s of Successful Clients: Our extensive experience and results speak for themselves—we’ve helped thousands of clients achieve justice.
- NO WIN, NO FEE Guarantee: You pay nothing unless we win, giving you peace of mind and the confidence to seek the compensation you deserve—completely risk-free.
- Recognised Industry Leaders: We are leaders in professional negligence law and are frequently asked by newspapers, TV and radio for commentary on this area of law.
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