The Pensions Office Limited, a Pension Transfer Company based in Sheffield, lost its’ FCA authorisation a few years ago and in 2015 was declared in default with the Financial Services Compensation Scheme. This means that any claims against the Pension Office Limited for negligent pension advice will be dealt with by the FSCS.
There has been an increase in pension transfers in recent years, with people moving out of work place pension schemes into SIPPS Pensions, often on the advice of a financial adviser. This can be a good move for some people, providing the investments recommended are suitable and match their attitude to risk.
If, however, a pension adviser has placed you in High Risk, Unregulated schemes such as storage pods, overseas property, diamonds etc and you weren’t made aware that you could lose your investment, then the pension advice is negligent and you may be able to claim pension compensation against this advice.
Worried about the advice you received from The Pensions Office Limited? Get in touch and talk to an experienced Claims Handler who can assess whether the advice you received was suitable or not and if you have grounds to claim pension compensation.