Frequently asked questions

  • How can you tell you have been mis-sold a pension?

    Pension mis-selling could give you the opportunity to claim compensation, especially if you have been the victim of bad financial advice. Usually pension claims will make you feel as if you have security. However, you may have been advised to take your retirement money and invest it. This can put vulnerable people at risk. If you feel like this has happened to you, you may have been mis-sold a pension. You can claim compensation for this!

    Basically, if you have lost money due to being advised a specific pension, it is likely that you have a successful claim

  • What are the main examples of pension mis-selling?

    No one likes being scammed after working hard their life to earn a sustainable pension. That’s why Gowing Law Solicitors wants to help you get compensation for this. These are some of the most common reasons how you may have been misadvised about your pension:

    • You may have been pressured to take a new pension by an advisor without having time to look at more appropriate pension schemes.
    • You invested your pension into non-standard assets, such as property, carbon credits, green oil, etc.
    • Although you were in a company pension plan, you were advised to get a personal pension despite the fact that the company pension policy would have been more suitable.
    • You transferred your pension into a SIPP (self-invested personal pension plan)

    If this has happened to you, make sure to speak to a Gowing Law Solicitor to see if you could get a successful claim.

  • Can I have some extra examples of Pension Claims?

    Of course! Take a look at some of these examples:

    • If you were given bad financial advice due to your pension advisor not following the strict codes of practice, this could give you the right to make a claim.
    • If you have been advised to transfer away from your final salary scheme, as you may have been shown a potentially “better” offer, this could be the means to make a claim
    • If any unauthorised funds were sold in a self-invested personal pension, this could be another means why you may have a pension claim

    To learn more information about your own personal claim, make sure to talk to your pension claim specialist. That way you can learn whether or not you actually have a claim.

  • How can I find out more information about my pension?

    Gowing Law Solicitors are specialists when it comes to mis-sold pensions. However, if you are interested in learning more information about your own pension, we would recommend checking out the UK government’s work and pension’s website. That way you can make sure you know everything about your own pension plan before you make your claim.

  • What is a SIPP?

    As mentioned previously, SIPP stands for self-invested personal pension. This is one of the most common reasons why you may be due compensation. Over three thousand complaints about SIPPs were sent to the Financial Ombudsman Service in 2018 against financial advisers.

    SIPPs are not suitable if you have not had a lot of investment experience as they can carry a lot of financial risk. This means that the money from the pensions can easily be lost, some people losing their entire fund as a result. Should this have happened to you, you will have a very strong case to get compensation.

  • Who do I make my claim against?

    You can claim against the person who was your financial advisor in the first place. However, you can also place the request for compensation against the advisor’s firm. Ask your solicitor for their advice on the best way forward.

  • What do I do if the company that sold me the pension is no longer in business?

    You can still file a claim against a non-trading company if they have mis-sold you your pension or have given you bad financial advice. Make sure you know all of their details and who precisely gave you the bad advice. That way your claim can be processed efficiently.

  • How long do I have to make a mis-sold pension claim?

    Normally you will have around six years (from the date you were mis-sold the pension in the first place.) However, you may also be able to make a claim if you do it three years from the time you became aware of your mis-sold pension. Get in touch with Gowing Law Solicitors to ensure you don’t miss your own personal deadline.

  • How long will it take to make a mis-sold pension claim?

    Now, this will depend on your case. Some cases are simpler than other, however you will be able to get more of a specific timeline from your expert. You will need to provide your solicitor with as much information as possible. Naturally, you will be able to do this when a consultation has been arranged.

    Once you have spoken to your Gowing Law Solicitor about your claim, we will reach out to the firm. They will then have 8 weeks to respond to the complaint. Once this has been completed then we will go to the Pensions Ombudsman in order to secure your compensation. Again, this will depend on your case and how much evidence/information you have.

  • How much compensation could I make?

    Compensation is awarded case by case and depends on the amount of mis-selling that was involved in the pension scheme. Some have claimed thousands of pounds in return for what they have lost, some even making up to £50,000 of your nest egg. See Gowing Law Solicitor’s experienced pension’s team for more information.

  • How much will it cost you to claim with Gowing Law Solicitors?

    We operate on a no win, no fee basis and are happy to give you a free consultation to see how much you could actually claim through your mis-sold pension claim. We will prioritize your claim and help you get the compensation that you deserve. That way you will always come out on top. Contact Gowing Law Solicitors now to learn more about our fees and what you could earn whilst working with us.

  • How a Manchester pensions solicitor can help with your claim

    Let’s face it. Whilst most of us enjoy working independently, when it comes to making a claim, it can be difficult to understand all of the jargon involved. Working with a solicitor from Gowing Law means that you don’t have to deal with all of the paperwork. Instead, your solicitor will put the most appropriate points of your case forward, meaning that you will have more chance of success with your pensions reclaim.

    Our mis-sold pension’s solicitors all have experience with handling these sort of claims. Some pension claimants may try to make a claim themselves, only to have their claim rejected due to a technicality. However, with an experienced lawyer, you will find that there will be no mistakes. Instead, we will leave no stone unturned when it comes to your case.

  • How do I contact Gowing Law Solicitors to begin my claim?

    You will not regret coming to Gowing Law Solicitor’s with your mis-sold pensions claim.  All of our solicitors are specialists and will treat your case with the professionalism that it deserves to have. With one of our trained solicitors, you have more chance of success and getting back any funds that were originally taken from you.

    To contact Gowing Law Solicitors in Manchester, please call 0800 041 8350, email info@gowinglaw.co.uk or use our contact form! We look forward to hearing from you soon.

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