Mis-sold pension

SINEAD

Hi,
Can anyone recommend a solicitor that can help with a claim for a mis-sold pension? Understand they will take 30%.
Thanks

Linton

We cant recommend solicitors but we can make a judgement as to whether you may be wasting your time. If you wish to provide further information as to why you believe you were mis-sold a pension people can comment. There may be other options than paying a solicitor.

Malthusian

30% of redress sounds more like a Claims Management Company than a solicitor.

Do not use a Claims Management Company. Anything they can do, you can do yourself. If your claim is covered by the Financial Ombudsman Service and the Financial Services Compensation Scheme, it is a straightforward process.

If it is not, then either a) you don't have a claim (so no point wasting money or time) or b) you have an exceedingly complex claim and/or a loss greater than £150,000, in which case you will need a proper solicitor, not a claims management company.

As Linton said, give us more details and we should be able to help you as to where to go next. Which firm mis-sold the pension, are they listed on the FCA register, how was it mis-sold?

Drp8713

As Linton says, it very much depends on the detail. Chances are you dont need a lawyer.

If you used mainstream regulated investments, via a FCA registered IFA, you dont need a lawyer, you have the ombudsman.

If you chose to invest in something unregulated like a bamboo plantation in sub-saharan Africa, you also shouldnt throw good money after bad by hiring a lawyer.

dunstonh

Can anyone recommend a solicitor that can help with a claim for a mis-sold pension? Understand they will take 30%.

A figure of 30% (plus VAT of 20% as their service is VATable) doesnt sound like a solicitor but a CMC.

CMCs use the free of charge to use complaints service. The same process you would use if you complain directly. So, it is a very expensive way to put in a complaint.

The Ombudsman recommends people do not use CMCs as they have a lower success rate than personal complaints and they prefer to hear personalised complaint reasons rather than deal with a CMC giving a template style complaint.

Pension missales are not common nowadays. Just a small number of scammers (who are usually unregulated) and some idiots using unregulated investments (who are often closed down by the time you want to complain and need to use the FSCS where again, no claims company is needed - Ironically, some of these companies go on to become claims companies who then put in complaints about stuff they did themselves).

So, why do you think you were missold?