Real SIPP Pension Transfers: Have You Been Mis Sold?
TL;DR – Quick Summary
If you transferred your pension into a Self-Invested Personal Pension (SIPP) like those offered by Real SIPP and weren’t fully informed about the risks, you might be eligible for compensation. Thousands of UK savers have filed mis sold pension claims—often with help from no win no fee pension solicitors. You could recover a significant amount, especially if your advisor failed to disclose fees, investment risks, or pressured you to transfer.
Average compensation for mis sold pension claims ranges between £10,000 and £50,000 depending on the extent of loss.
Get your free claim review today to find out if you’re entitled to compensation.
What Is a Mis Sold Pension?
A mis sold pension occurs when a financial advisor recommends a pension transfer or investment that isn’t suitable for your needs or risk profile. In many cases, this involves moving your retirement funds into high-risk or unregulated investments through a SIPP—often without being made fully aware of the consequences.
Real SIPP is one such provider linked to pension mis selling, leaving thousands of savers with pensions worth far less than expected.
What Is a SIPP and Why Were They Mis Sold?
A Self-Invested Personal Pension (SIPP) is a type of personal pension that gives individuals more control over their investments. While SIPPs can be beneficial for experienced investors, many were wrongly advised to transfer pension funds from secure, defined-benefit schemes into high-risk SIPPs without understanding the full picture.
Key risks of SIPP transfers include:
- Losing guaranteed income for life (especially from final salary pensions)
- Exposure to volatile or unregulated investment schemes
- High and often hidden management fees
- Unsuitable investment strategies based on your age or risk tolerance
Were You Mis Sold a SIPP Pension?
You may be eligible for mis sold SIPP pension compensation if your advisor:
- Didn’t fully explain the risks of transferring your pension
- Failed to assess your financial goals and risk appetite
- Received a commission or incentive to recommend the transfer
- Invested your pension in unregulated or high-risk schemes
- Encouraged a quick decision without proper documentation
“After my SIPP transfer left me with worthless investments, I contacted a no win no fee solicitor and was able to claim back over £30,000,” says John D., a former Real SIPP client. Stories like John’s are unfortunately common—and avoidable.
How to Spot Mis Sold Pension Transfers
Review your pension history carefully for these warning signs:
- You were promised high or guaranteed returns
- You felt pressured to make a quick decision
- No written explanation of the risks was provided
- Your money was invested in non-standard assets like overseas property or storage pods
- You lost money or your pension’s value dropped significantly
Real SIPP Mis Selling: A Closer Look
Real SIPP, among other providers, has been involved in numerous pension mis selling cases. Many clients were advised to move funds from stable final salary pensions into these SIPPs, only to face heavy losses due to unsuitable or even fraudulent investments.
In many cases, these clients were not financially sophisticated and relied on their advisor’s guidance—making the mis selling even more damaging.
What Is the Average Compensation for Mis Sold Pension Claims?
The average compensation for mis sold pension claims varies but often falls between £10,000 and £50,000. In more severe cases, the compensation could exceed £100,000, particularly if the entire pension pot was affected or lost.
Factors influencing the compensation include:
- The amount invested and lost
- The advice and documentation provided
- Whether your risk profile was properly assessed
- How long ago the transfer took place
How to Start a Pension Claim
If you believe you’ve been mis sold a SIPP or another type of pension, follow these steps to begin your pension claim process:
- Collect all your financial advice documents, pension statements, and transfer forms
- Request a free pension mis-selling assessment from a specialist firm
- Submit a complaint to the financial advisor or their firm
- If unsatisfied, escalate the case to the Financial Ombudsman Service (FOS)
- Consider working with no win no fee pension solicitors for legal support without upfront costs
Time Limits for Mis Sold Pension Claims
There are strict deadlines when it comes to mis sold pension claims:
- You typically have six years from the date of the pension transfer
- Or three years from the date you first became aware of the mis-selling
Exceptions may apply in certain cases, especially if the mis-selling only came to light recently. Don’t wait—missing the deadline could cost you thousands in compensation.
No Win No Fee Pension Solicitors – Risk-Free Help
Worried about legal fees? Many pension claim specialists operate on a no win no fee basis, meaning you won’t pay a penny unless your case is successful. This ensures you get professional legal support without any financial risk upfront.
To maximise your compensation and reduce stress, it’s worth speaking to a team with experience handling mis sold SIPP pension cases—especially those involving Real SIPP and similar schemes.
Final Thoughts – Don’t Let Pension Mis Selling Ruin Your Retirement
Whether you transferred to a SIPP with Real SIPP or another provider, it’s vital to review the advice you received. If it was flawed or misleading, you could be entitled to significant compensation. With the right guidance, thousands of savers have recovered lost funds and regained control over their financial future.
Speak to a pension claims specialist today and get started on your journey to justice.