Have you been scammed by a mis-sold pension investment?
Self Invested Personal Pensions (SIPPs) are a popular choice for those looking for more flexibility and control over their personal pension funds. While this freedom comes with certain benefits, it can leave unsuspecting individuals at the mercy of scammers and unregulated investment schemes.
At Beat the Banks, we know the heartbreak that comes with losing your pension to a scammer or a bad investment. We also know that once your money is gone, there’s very little you can do about it without expert guidance. That’s why we’re here to help fight your corner and get you the compensation you deserve.
What type of investments have been mis-sold?
The most commonly mis-sold SIPP investments generally fall into the category of ‘non-traditional’ or ‘non-standard’ investments but can be any Unregulated Collective Investment Scheme (UCIS). They are quite often overseas investments, environmental projects and commercial property developments. These include, but aren’t limited to:
It’s important to remember that scams like these aren’t always restricted to pensions. People with significant savings or high levels of equity on their properties can also be targets too.
How to spot an investment scam
While the range of pension investment scams is diverse, they all tend to have a set of factors in common. They usually offer investors returns much higher than they will see elsewhere with polished sales pitches and flashy marketing. Tempted by such appealing offers, consumers are often pressured into signing up quickly by time-limited deals they don’t want to miss out on.
In most cases there is no Financial Services Authority (FSA) or Financial Conduct Authority (FCA) protection or validation, which sadly leaves the victim with very little recourse once the inevitable disaster begins to unfold.
How to make a claim
We know it’s unfair that innocent pension holders have been exploited at the hands of scammers and the Beat the Banks team are committed to helping in any way we can.
If you’ve lost money as a result of a pension investment scam you could be entitled to compensation. Call us on 0800 193 1234 to discuss your case with one of our expert advisers and find out how we can help you.