TL;DR – Quick Facts About Mis Sold Pensions

• Thousands in the UK may be entitled to pension mis selling compensation due to poor advice or hidden fees.
• Common issues include risky SIPP pensions, lack of transparency, or being urged to transfer out of defined benefit pensions.
• The average compensation for a mis sold pension ranges from £25,000 to £75,000.
• No win no fee solicitors can help you make a claim with no upfront cost or risk.

What Is a Mis Sold Pension?

A mis sold pension happens when financial advisors give unsuitable or misleading advice about your retirement savings. This often involves being persuaded to transfer from a safe, employer-backed pension into riskier schemes like a Self-Invested Personal Pension (SIPP) — sometimes involving unregulated or high-risk investments.

If you’ve experienced unexpected charges, lost pension value, or weren’t informed of key risks, you might have a case for a mis sold pension claim. Thousands across the UK are now discovering they’ve been misled — don’t ignore the warning signs.

Top 5 Reasons Your Pension May Have Been Mis-Sold

1. High-Risk or Unregulated Investments
   Were you encouraged to invest in overseas property, forestry schemes, or storage units promising high returns? These are red flags for pension mis selling. If the risks weren’t clearly explained, you could be eligible for compensation.
2. Cold Calling and Pressure Tactics
   Unsolicited advice through phone calls or emails urging you to act fast is often the sign of a scam or negligent practice. These aggressive sales techniques have led to many mis sold SIPP pensions.
3. Lack of Fee Transparency
   If you weren’t clearly informed about advisor fees, transfer costs, or ongoing charges, your pension may have been mis sold. Many claimants only learn about hidden fees when it’s too late.
4. Transferring from a Defined Benefit Pension
   Defined Benefit (DB) schemes offer guaranteed income. Advisors who pushed you to transfer into a SIPP or private scheme without fully explaining the consequences may have mis sold your pension.
5. Unnecessary Pension Switching
   Some advisors recommended switching pensions purely to earn commission. If the new product didn’t offer significant benefits or exposed you to more risk, you may be due compensation.

Have You Been Sold a SIPP Pension You Didn’t Understand?

SIPPs give investors more control, but they’re often misused to push inappropriate, risky investments. If you ended up with high-risk, unregulated assets or lost money after transferring, it’s worth exploring a mis sold SIPP pension claim.

• Were you promised guaranteed or unusually high returns?
• Were the risks and fees clearly explained?
• Was your SIPP aligned with your retirement goals and risk profile?

What Is the Average Compensation for Mis Sold Pension Claims?

If you have a valid pension mis selling claim, the compensation could be life-changing. Payouts often range between £25,000 and £75,000 depending on how much you’ve lost and the specifics of your case.

Whether through the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman, compensation aims to restore your financial position. Our team of no win no fee solicitors can guide you through the process at no upfront cost.

How to Make a Mis Sold Pension Claim

1. Collect the paperwork: Statements, transfer documents, and any correspondence with your advisor.
2. Evaluate your case: Were you clearly informed about the risks and fees?
3. Contact a no win no fee solicitor: We’ll assess your case at no cost and tell you if you have a claim.
4. We handle the claim: Our legal team takes care of everything, including dealing with pension providers and regulators.
5. Receive your compensation: If successful, you’ll get the compensation you’re owed with zero risk to you.

Why Choose a No Win No Fee Pension Solicitor?

We understand how confusing and stressful this process can be. That’s why we offer a no win no fee model — so you don’t pay a penny unless we win your case.

• No upfront fees
• Expert support every step of the way
• High success rate in pension mis selling claims
• Free case assessment

With nothing to lose and potentially thousands to gain, there’s never been a better time to act.

Next Steps: Secure Your Future Today

Mis sold pensions are more common than most people realise. If you suspect your retirement savings have been mishandled, don’t wait. The sooner you take action, the greater your chances of success — especially with strict time limits on claims.

Let our experienced no win no fee pension solicitors assess your case today. It’s completely free and confidential.