Mis-sold Pensions

Have you been mis-sold a SIPP?

Solicitors firm with over 15 years’ experience in
financial mis-selling claims
No-Win, No-Fee
No upfront cost
£5 million recovered for clients in the last 12 months
Free initial consultation

Make a claim now

Call for a free consultation

0113 200 9720

or fill out our contact form

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Additional Info

Things To Know

What is a SIPP?

Self Investment Personal Pensions, or SIPPs, as they are more commonly known, are ‘do-it-yourself’ pensions that are designed for experienced or sophisticated investors who want greater control over their pension and a greater degree of flexibility in the types of investments that their pension makes.

How do I know if I have been mis-sold a SIPP?

It is likely that you were mis-sold a SIPP if you were not given the full cost breakdown for management fees or additional costs, were cold-called by a 3rd party company, were pressured into acting quickly, invested without fully receiving an explanation of the risks, were told that you could take a large lump sum of cash out of your pension or access it before retirement age.

How much compensation can I recover?

We cannot provide an exact figure for how much compensation you will receive until we understand more about your claim. The general purpose of a pension claim is to put you back in the position you would have been in, had you not received the negligent pension advice.

Why should I use a solicitor?

By using a solicitor who is a specialist in pension mis-selling, you will ensure that you put your best case forward and maximise your chance of success. You have a higher chance of success by working with a solicitor, as they will ensure that there are no technical grounds for turning down your mis-sold pension claim and put you in the best possible position to receive what you are owed.

£717 million

has been set aside by the FSCS for claims in 2021/22 and a further £900 million is forecast for 2022/23.

£26 billion

has been paid out by the FSCS to the customers of failed financial firms.

Over £5 million

recovered by Oakwood Solicitors for our clients in the last 12 months.

Testimonials

Excellent service. Thank you!

Once again I have received excellent service from Oakwood Solicitors in dealing with my mis-sold pension claim. Without the help of the team I would of not been able to recover £50,000. Excellent work thank you once again.

- P Jones

I was so pleased...

... to say that I had the best experience from Oakwood Solicitors where they helped me get my big compensation from FSCS. Not only that, just within 4 days time of literally submitting the claim, I received amount in my account.

- N Shah

The experts in Mis-sold Pension claims

Our Financial Litigation Team have extensive experience in successfully pursuing compensation for clients who have lost money in financial products such as:

- Pension
- Investment (shares, bonds, ETFs)
- Contract for Different or CFD trading

If you can relate to any of the items in the below list, then you could be entitled to compensation:

- Your pension or investment has lost money
- You feel that the advice that you received was unsuitable
- You feel that you were mislead by a financial adviser or a stockbroker
- You were not made aware of the risks associated with the investment or the risks were downplayed.
- You were pressurised into making a quick decision

Frequently Asked Questions

What are my options?

If you are concerned that you may have been mis-sold an investment held within your pension, then do not panic. It may be possible to pursue a compensation claim against the IFA involved in the investment or the provider of your SIPP.

The first step should be to contact a specialist firm like Oakwood Solicitors who will investigate your pension FREE OF CHARGE and advise you if you have a claim. If you have a claim then Oakwood Solicitors will handle the whole claims process for you and will offer advice, support, and guidance every step of the way.

Oakwood Solicitors will act on your behalf on a ‘no-win, no-fee’ basis, giving you complete peace of mind that you will only pay a fee if your pension claim is successful.

Reassurance about your pension package

If after investigating your pension we confirm that there is no loss, then you will have the reassurance that your pension is safe and secure and will have obtained this reassurance completely free of charge.

If you prefer, you can raise an initial complaint with the IFA or SIPP provider yourself but many people prefer to instruct a specialist firm with experience of handling SIPP complaints to ensure they achieve the best possible outcome in the shortest timeframe.

Adviser is no longer trading

If the adviser who sold you the investment is no longer trading or does not have the financial means to pay you compensation then the Financial Services Compensation Scheme (‘FSCS’) assumes responsibility for the adviser and will be responsible for the payment of compensation.

How long does a mis-sold pension claim take?

There are a number of features that will impact how long a mis-sold pension claim may take to conclude. These include the complexity of the case, whether the claim is against an active adviser, the Financial Ombudsman or the FSCS, and whether liability is admitted or denied.

If liability is admitted, then the claim process is much shorter, and we would expect a claim to be concluded within 3-6 months. Alternatively, if liability is denied and the claim must be issued at court then the claim can take between 12-18 months depending on the availability of the court.

If the claim is been made against the FSCS then we would expect the claim to be concluded within 6 months.

As each case is unique it is difficult to provide a generic timeframe for conclusion of the claim however Oakwood Solicitors will give you an indication of how long your claim is likely to take to conclude as part of our initial review.

How much will a claim cost?

We operate on a Damages Based Agreement (“DBA”) more commonly known as a ‘no-win, no-fee’ agreement. If we fail to secure you a mis-sold pension settlement, you will not be charged. If we successfully recover compensation, then our charges are 30% plus VAT of any compensation payment.

These charges will be deducted from the compensation payment at the end of the claim process.

Why choose Oakwood Solicitors Ltd?

We are a Regulated firm of Solicitors with over 15 years’ experience in financial mis-selling claims.

We have successfully recovered in excess of £1.6 Million in the last 12 months.

We operate on a guaranteed No-Win, No-Fee basis. If successful we charge 30% plus VAT of the award of compensation.

Our charges are some of the lowest in the market when compared with other Solicitors and Claims Management Companies (CMCs).

Eliminating hassle

We take the hassle out of the claims process as we do all the hard work for you. We will complete all the necessary paperwork and obtain all the required documentation to support your claim.

You will be allocated your own experienced pension claims handler who will keep you fully informed throughout the whole process.

What do I do now?

Provide us with some information about your pension transfer and we will advise you if you have a viable claim. There is absolutely no obligation to proceed. You can provide information or get in touch by:

0113 200 9720

enquiries@oakwoodsolicitors.co.uk

Danielle Lightfoot — Solicitor and Head of Department

Danielle joined the firm as a Paralegal in 2011 and qualified as a solicitor in October 2014. She has acquired extensive experience in high value, complex litigation traversing numerous practice areas.

Danielle is a specialist in financial mis-selling matters with a particular interest in pensions and investments.