Self-Invested Personal Pensions (SIPP's) or Small Self Administered Schemes (SSAS's) were designed for pension holders to take control of their pension, and place it in an alternative investment, such as off-plan overseas property, wine production or carbon credits.
WHAT IS A SIPP?
A Self-Invested Person Pension (SIPP) typically involves a person moving their pension funds into an investment/asset. More than a million people in the UK have transferred their pensions into SIPPs with the majority being happy with their returns.
WHAT IS A SSAS?
A Small Self Administered Scheme (SSAS) is a pension scheme normally set up by a limited company on a money purchase (or “defined contribution”) basis. Private and family run businesses set up a SSAS for the benefit of the owner, company directors and family members who are employees.
MIS-SOLD PENSION TRANSFER
Sadly we have had many clients transfer their hard earned cash into high-risk SIPP pensions below through poor financial advice. Discovering their pension values severely reduced or even dropped to zero through these investments being seriously flawed or with no little chance of success we, with our wealth of claims experience have helped many people recover their losses.
WHAT WE DO
We represent hundreds of people who were advised to transfer their pensions into vehicles that were used to pay deposits on failed investment schemes, including property, that have collapsed.
This also includes invested companies that have ceased trading or alternatively still in business.
Although every case is different, our claims against the IFAs (Independent Financial Advisors) who advised their clients to take out these financial schemes and against the companies that organised the ‘wrapper’ that the money was transferred into have shown a very high success rate.
This year we expect to recover more money for our clients because the FSCS (Financial Services Compensation Scheme), the safety net for members of the public who have been mis-sold financial services has allocated funds to compensate people who were wrongly advised to transfer their money into failed pension schemes.
We are here to support you if you have been a victim of financial loss through:
Your pension losing it's value
Mis-informed advice about the risks involved and what would happen
Alternative products being offered
If you have been mis-sold a high-risk investment get in contact with us as soon as possible we so can start your claim without delay.
If you would prefer to speak over the phone, just call us for a completely no-obligation chat.
No Win – No Fee: Successful claims made through The Claims Bureau Limited are subject to a Success Fee. The success is charged at 25% plus VAT of any monetary compensation awarded to the claim. Clients have a 14 day “Cooling-Off” period during which time they may cancel at any time without charges. After this time, cancellation will result in the application of the Cancellation Fee. If we have already submitted your claim, which results in an offer of compensation subsequently being made, we will charge our full fee as per our Terms of Business.