Pension Justice

"Have I been specifically targeted?" This is a question that many victims of pension scams ask themselves. Was it a direct target, or did they just get unlucky? More often than not, bad advisors pose as cold callers and go through the same spiel regardless of who picks up the phone - waiting for the one in five who will listen and take action during or following the call. So no, most of the time it is not a direct target but rather a bad stroke of luck if you pick up the phone to a cold caller. Which is why being vigilant is so important. Look out for our post next Tuesday on some of the most common pension scams according to the FCA. #PensionJustice #PensionScams #FraudPrevention #ProtectYourPension #ScamAwareness #PensionLawyer

This case study dates back to 2021, but brings to life a type of pension scam known as 'churning'. It involves a client who previously held a pension with ReAssure, but was advised by a cold caller to open a SIPP with Novia and transfer his pension into that SIPP. The advisor, named Omar Hussein, then told our client to invest in two unusual and high-risk funds. Following a transfer of over £23,800, the advisor withdrew a commission and then proceeded to purchase and sell a number of investments in quick succession to get even more commission - an act known as 'churning'. This essentially means that money was moved around to generate high commission but to confuse the overall investment picture and to hide losses. Unfortunately, the investments made were high risk and unregulated. On behalf of our client, we were able to claim interim compensation of £13,256 in light of the bad investments - with the hopes being that when more investments fail, we will be able to claim more. #PensionJustice #PensionLaw #UKPensions #PensionProtection #PensionLawyer #PensionRegulations

What to do if you receive a cold call from a pension advisor: 1️⃣ Hang up the phone. If the advisor is genuine then they will contact you via a different method. 2️⃣ Write down everything you can remember about the call, including names and company numbers. 3️⃣ Get in touch with Pension Justice via phone or our online form. It's never too early to get in touch - even if you haven't lost any money. Your call could help us to shut down a scam before it affects anyone else. https://lnkd.in/efpVS7ZQ #pensions #investments #savings

What information do we need to be able to help you? 🔹 Your name and contact details. 🔹 An outline of your case, including timelines and when the advice was received / action was taken. 🔹 Name of the advisor who you spoke to and who they represented. From here, we can help to establish if you are eligible for compensation, before building a case on your behalf. https://lnkd.in/eVAjnM2x #pensions #investments #savings

We recently worked with a client who was experiencing the same challenge as many who we meet: a lack of understanding around how to claim compensation or where to start. Luckily, we were able to help - with the client leaving us this five-star review: "So grateful to Pension Justice, they have helped me so much, I really would not have a clue how to get my money back from those who mis sold my pension. Howard has been so helpful and thorough in his pursuit for my claim, did not get good enough support from FSCS so I’m grateful to Howard for his diligence in pursuing my claim. Would not hesitate to recommend Pension Justice to someone who has had their pension mis sold. Great job thank you." #pensions #investments #compensation

Wondering if you are eligible for compensation as a St James's Place client, despite your investments still performing relatively well? Because SJP has been found to be charging high fees, specifically for annual management advice that was never given, there are thousands of clients who could be eligible for compensation. Even if their investment funds have performed fairly well. This can make it difficult to determine whether you are eligible for compensation - which is where we come in. At Pension Justice, we are working with SJP clients, offering free advice with our helpline number. 📞 0800 014 8275 #stjamessplace #pensions #investments

What is "Pension Mis-Selling"? Examples of pension mis-selling range from unregulated investments being sold as part of a SIPP package, to being advised to transfer away from a final salary pension scheme. If you are a victim of pension mis-selling, it means that you have been deliberately misled and given bad advice by someone who claimed to be a reputable advisor. Here at Pension Justice, we work with clients who have lost their savings as a result of pension mis-selling - representing and supporting them with compensation claims. #Pension #Investments #Savings

Our clients consider us to be a reputable and trustworthy source of advice and support when facing a compensation claim. But what separates us, as a trustworthy company, from an advisor or firm that you should avoid? Here are 3 signs that you can trust Pension Justice: ✅ We offer full transparency, from first contact through to completion of your case. ✅ We don't charge a deposit or upfront fee - you only pay if your case is successful. ✅ We have helped hundreds of clients win millions of pounds in compensation over the years. You don't have to take our word for it. Visit our Success Stories page for evidence of our success rate and reliability - https://lnkd.in/etQ5PQaK #Pensions #Savings #Investments

Avacade Limited is a financial company that, back in 2021, made headlines following countless compensation claims in relation to bad advice. Here at Pension Justice, we supported a multitude of clients as they pursued claims against Avacade Limited, with this just one of many case studies... The client was a 55 year old former auxiliary nurse, who was a member of the Scottish National Health Pension Scheme. During her time with the Scottish NHS she had built up a defined pension value of £35,000. However, following a cold call and bad advice from Avacade Limited, the client transferred the full value of her pension into a SIPP with Liberty SIPP Ltd. The funds were transferred into an ethical forestry investment fund - which soon failed and led to our client losing all her savings. Luckily, we were able to help her pursue a claim against Avacade Ltd in light of the investment and Liberty SIPP failing - earning total compensation of £35,486. While Avacade Ltd is no longer active, there are countless firms out there that offer bad advice and unregulated investments. Our advice is always to hang up on cold callers and proceed with caution when handling your pension savings. #Pensions #Investments #Savings

3 Examples of Pension Mis-Selling: 1️⃣ Being charged for services you didn't receive. 2️⃣ Being advised to transfer away from a comprehensive workplace pension. 3️⃣ Being encouraged to invest in unregulated funds. At Pension Justice we support clients from all backgrounds, helping them determine eligibility and seek compensation. 🔗 https://lnkd.in/dXqN4n58 #Pension #WealthManagement #Investments