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, 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?
We are a firm of solicitors who specialise in negligence law with over 20 solicitors dedicated to this area. We have pioneered the use of “No Win, No Fee” Agreements in negligence law since their introduction in the 1990s. We only take cases on if we are able to offer a “No Win, No Fee” Agreement. Furthermore, the insurers who pay our clients compensation are also obliged under English Law to pay our legal costs on top and therefore, usually from the onset of the case, we can confirm with our clients that, if unsuccessful, they will pay nothing.
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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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