Negligent Pensions Advice

Duncan Lewis Compensation for Bad Pension Advice Solicitors

Most people who take out a pension feel they have acted sensibly and secured their future financial security.

However, pensions are big business and pensions advisors often work on commission, meaning some pension advisers may not be as dutiful in making sure a pension product suits a client as they should be.

A pension advisor who gave wrong advice can cause a client a real financial headache – and because negligent pension advice frequently is not uncovered until years after the pension fund was set up, suing a pensions advisor can be a complicated business.

Duncan Lewis professional negligence solicitors can advise investors who have been mis-sold a pension or who have received negligent pensions advice on how to make a compensation claim against a pensions advisor – including claims relating to:

• Being advised to invest in a high-risk Self Invested Pension Plan (SIPP)
• Being advised to transfer a pension pot into a pension fund which is high risk
• Being sold a pension fund that was not suitable
• Being sold a poorly performing pension scheme when you were not aware the pensions advisor was selling a product from an affiliated company – or was receiving commission
• Not being advised of the risks of investing in a pension fund
• Receiving less money from a pension than payments into it.

Making a Claim for Pensions Advice Negligence

Clients who suffer financial loss or other loss as a result of negligent advice from a pensions advisor should first make a complaint through the firm’s own complaints handling procedure (CHP).

The Pensions Ombudsman investigates and adjudicates on complaints about pension schemes, but any compensation awarded may be limited.

Clients considering suing a pensions advisor for professional negligence have six years from the date of the event constituting negligence – or three years from the date they first realised negligence had occurred – in which to make a claim.

Because of the complexity of suing a pensions advisor– and proving that they failed in their duty of care towards a client or acted negligently in carrying out their duties – Duncan Lewis professional negligence solicitors advise clients whose pensions advisor has given them negligent pensions advice to get in touch as soon as possible for an assessment of their case.

Funding Claims for Pension Advisor’s Professional Negligence

Duncan Lewis offers Conditional Fee Agreement (CFA) funding to clients making professional negligence claims, with a fixed fee for the initial client meeting and assessment of the claim, so our clients know in advance what they will be paying.

If your pensions advisor has given wrong pensions advice leading to financial loss or provided a negligent pensions advisory service – including mis-selling a pension – call Duncan Lewis Professional Negligence Solicitors for more information about making a compensation claim on 020 7923 4020