Litigation for mis-sold pensions is the only way to get compensated for what you have wrongly been sold. Mis-selling of pensions has been a long standing issue within Britain. The government provides this entitlement as an incentive to sort out pensions at an earlier stage.The main type of pension that has been mis sold in Britain is the personal pensions. These are sold as a form of retirement income to people who are not yet ready to retire.
It's not an easy thing to come to terms with, but when your pension company is in trouble it can be a very difficult situation. Unfortunately, many of the companies that have been in this position are now bankrupt and out of business meaning there are no longer any funds for you or those who were counting on receiving benefits from these pensions. The best solution for retirees is to find a company that can help you get compensation.
Tens of thousands of Britons may have overpaid their stamp duty, as the government's online calculator has been inaccurate and solicitors are unaware of exemptions. Anyone who buys land or a property in England and Northern Ireland is required to pay the Stamp Duty Land Tax (SDLT). Because there have been many changes to the rules on SDLT over the last few years (and changes to those exemptions) we estimated that this oversight would affect tens of thousand of people.
Pensions have become one of the most important financial tools that are used by Brits as they work to ensure that they have enough money saved up for retirement, but there has been a lot of scams going on that have caused pensioners across the country a lot of trouble. That's why it is important to understand how mis sold pensions claims work.
Anyone who pays a financial advisor for professional advice on investment should expect that the person advising them will base their advice purely on products with no bias, rather than ones based on factors such as commission. This isn't the case if a pension has been mis-sold, and it is very important to understand your rights.
Recently, a report by Which? found that as many as 1 in 3 people who were advised to take out retirement investments ended up losing money.