How do I make a claim?
When the news first broke about the possibility that many second
personal pensions may have been mis-sold, scores of people wrote to
their pensions company to request a review to see firstly, if their
pension was one of those that may have been mis-sold and secondly,
to find out how much they may be entitled to claim back.
There was a deadline in the year 2000, however, it is not too
late and you can still request from your pensions company a
'special pensions review procedure' to see if you may be entitled
to compensation.
How do I know how much am I entitled
to?
The review works by comparing what a person might have accrued
in an occupational pension as compared to the personal pension
they'd been advised to take out. If the former was higher, then the
company that sold the pension has been required to make up the
difference.
'Which?' said people who have been advised in the past to
contract out should contact their pension provider and ask for a
personalised statement to compare the projected income from their
contracted-out personal pension with the amount they would have
received from the State.
What if my firm or pension company is no longer in
business?
If your pensions company is no longer trading as a business, you
can apply to the Financial Services Authority (FSA) who have set up
their own team to handle mis-sold pensions. You should contact the
FSA Pensions Unit on 02... for advice on how to proceed. If a
claim for financial loss has to be made, there is a body, the
Financial Services Compensation Scheme (FSCS), which can make
awards.
Mis-sold pension claims -
testimonials
Claims Financial
Testimonial
"I just had to put pen to paper and write to say I'm more than delighted with my settlement that you won me back from my PPI I had with Lloyds TSB. The Claim Forms were simple to fill in. It was a breeze"
Mr R Evans 11 Nov 2010