Pension and investment mis-selling – what accountants need to know
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Tim Wixted, solicitor and managing partner of mis-selling litigator, Neglect Assist has advised readers of Accountancy magazine about the pension system changes.
Wixted warns: “Since April the pension system has changed radically for people reaching their retirement.
Since April the pension system has changed radically for people reaching their retirement…
No longer must people put their defined contribution pension fund into an annuity. Instead, they can draw it down and do pretty much whatever they like with it.
There has yet to be a wave of horror stories of 60-something’s blowing it on fast cars, wild trips to Las Vegas or over indulging in Viking cruises around Scandinavia. But it is a big change and its consequences could easily lead to the misselling of investments that will make the PPI scandal look small beer.
You can read the complete article at: https://www.accountancylive.com/pension-and-investment-mis-selling-%E2%80%93-what-accountants-need-know#sthash.abwNdVyk.dpuf
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
We've got your questions covered
One of the UK’s leading specialists in financial mis-selling...
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