Knightsbridge Financial Management: Mis-Selling Claims Guide
Thousands of UK savers may have been wrongly advised to transfer out of secure final salary pensions or into high-risk SIPPs by Knightsbridge Financial Management. This guide explains how to spot mis sold pension claims and secure compensation through a free pension consultation. Knightsbridge Mis Selling.
Risks of Final Salary Pension Transfers
Defined benefit (final salary) pensions offer guaranteed income, yet many were persuaded to transfer to riskier arrangements. Key red flags include:
- Advisors downplaying the value of guaranteed benefits
- Pressure to move pensions into unregulated investments
- Failure to properly assess your risk tolerance
Over 40% of final salary transfer mis sold claims involve unsuitable advice to leave secure schemes, according to FCA data.
Identifying Mis-Sold SIPPs
Self-Invested Personal Pensions (SIPPs) became a common vehicle for financial mis selling claims. Warning signs of unsuitable SIPP transfer UK advice:
- Investments in high-risk assets like overseas property or unlisted shares
- Lack of clear explanation about fees and charges
- Recommendations made without assessing your financial knowledge
How Knightsbridge Financial Management Advice Failed Clients
The firm was involved in numerous pension transfer cases later deemed unsuitable. Common patterns:
- Overstating potential returns while minimizing risks
- Recommending transfers without proper comparison to existing schemes
- Failing to disclose adviser commissions from product providers
Compensation Pathways
Victims of mis sold pension transfer schemes have three potential routes:
- Financial Ombudsman Service: For claims under £375,000
- Financial Services Compensation Scheme: If the advising firm has collapsed
- Legal Action: For complex or high-value cases
Time limits apply – most claims must be filed within 6 years of the transfer or 3 years from when you first suspected mis-selling. Get a professional claims review to assess your case strength.
Client Testimonial
“After transferring my NHS pension on Knightsbridge’s advice, I lost nearly 60% to risky investments. The claims specialists recovered £82,000 compensation – life-changing for my retirement.”
Next Steps for Affected Savers
If you suspect unsuitable advice from Knightsbridge Financial Management:
- Gather all paperwork related to your pension transfer
- Check if your investments underperformed or failed
- Seek independent assessment of your advice
Many victims qualify for no-win-no-fee assessment arrangements, eliminating financial risk when pursuing compensation. Knightsbridge Mis Selling.