First introduced in 1989, Self Invested Personal Pensions (SIPPs) allow pension holders to invest in assets which are impossible to access through a standard pension. For example, commercial property. Crucially, they also permit access to non-standard investments such as Loan Notes and Unregulated Collective Schemes (UCIS).
But it hasn’t stopped huge numbers of financial advisers – both regulated and unregulated – from suggesting there is no better place to put your retirement savings. Of course, the commissions that they swept up of anything up to 40% didn’t have anything to do with their recommendations, as they hit unsuspecting victims with slick sales pitches, glossy marketing and promises of eye watering returns.
And all why Beat the Banks offer a free initial assessment to check the pension transfer advice you were given.
Beat the Banks will complete a free initial assessment with you to discuss your case. This will likely be via telephone or, where you have copies of your finance documentation, we may review this for you.
We will let you know if we believe that you may have a claim and if so, we will refer you to our partner law firm, New South Law, who are a specialist in these types of cases. New South Law will send you their own Terms and Conditions to make a claim.
Beat the Banks will receive a commission from New South Law for referring your case to them.
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If you have lost money as a result of transferring to a SIPP, are not seeing the returns you were promised or you feel you were given bad advice we offer a free initial assessment to see if you were mis-sold.
In the last 15 years, were you advised to transfer your final salary workplace pension somewhere else? Also known as defined benefit pensions, they contain huge benefits and guarantees that are quite simply irreplaceable. If you did Beat the Banks offer a free initial assessment to check the advice you were given.