Over the past couple of years I have seen more and more clients who have been persuaded to transfer their personal pension, or even their company or occupational scheme benefits, into a Self Invested Personal Pension (SIPP) - and thereafter invest into a Store Pod Scheme via the SIPP.
These clients have often taken financial advice from a UK regulated financial adviser, and have invested into the Store Pods via a mainstream UK SIPP. Sometimes the clients have been targeted by unregulated "introducers" - firms who set out to direct clients into SIPPs and thence into Store Pod Schemes.
The route to find compensation can be complicated , or straightforward. Where it is straightforward, I usually advise the clients to place the claim themselves. But more often than not it is not that simple. There's the question of proving "advice", of determining whether they were mis-sold - and then, of course, calculating the potential claim for loss.
My firm is a specialist pensions claims management company, and we charge for our service - but only after we have won compensation for our clients. If we don't win them a compensation award, we don't charge them.
We have many success stories under our belts, and around 45% of our clients are introduced to us by their own financial adviser. If you have been affected, or you know someone who has, then do please tell them about us. Often clients are afraid that they have lost their monies forever - not if we have anything to do with it!
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