What is a mis-sale of retirement funds?

A mis-sale of retirement funds occurs when a financial advisor gives you inappropriate or misleading advice, causing you to transfer or invest your retirement savings in a way that jeopardizes your retirement savings. Many people unknowingly transfer stable workplace retirement funds or fixed-income retirement funds to riskier self-invested individual retirement plans (SIPPs) or are enrolled in unregulated retirement plans that later fail.

You may be entitled to compensation if:

You were advised to withdraw from a fixed-income or fixed-income retirement plan.

Your advisor failed to inform you of the risks of the investment.

The plan was unregulated, located overseas, or was later declared invalid.

You lost some or all of your retirement funds as a result.

CEL Law Firm helps those misled by financial advisors recover their due compensation without incurring legal costs.

Common Retirement Plan Misleadings and Their Risks

Misleading retirement plans often involve transferring your retirement funds into a private retirement plan (SIPP) that is associated with high-risk or unregulated investments. Many victims are misled into believing these plans are safe, when in fact they are not.

The most common misleading pension schemes include:

Ark Pension Scheme

Capita Oak and Henley Retirement Benefits Scheme

London Quantum Pension Scheme

Dolphin Trust (aka German Property Group)

Park First Investment Scheme

Victims of misleading pension scheme sales have lost thousands, sometimes even hundreds of thousands of pounds. Many only discover the problem years later, often when trying to withdraw their pension or consult a new financial advisor.

If your advisor failed to warn you of the risks or urge you to transfer funds quickly, this can be considered financial negligence. Even if the scheme goes bankrupt, you can still claim through the Financial Services Compensation Scheme (FSCS).

Claims Process

We understand how frustrating and confusing it can be when you discover your pension has been improperly sold. Therefore, we are committed to streamlining the claims process, making it more transparent, efficient, and results-oriented.

Here's how to file a claim for improper sale of a pension with CEL Lawyers:

Tell us what happened: Fill out our short online form or call us for a free, no-obligation consultation. We will listen to your story, ask you a few key questions, and inform you when you can file a claim.

We will investigate and structure your case: If you decide to proceed with litigation, we will gather evidence, identify responsible counsel or relevant plans, and handle all legal matters. You won't have to deal with confusing jargon or hold anyone accountable—we'll handle everything for you.

We strive to recover your losses: Whether through the Financial Services Compensation Scheme (FSCS), the Financial Ombudsman Service, or by contacting us directly, we are committed to ensuring you receive the maximum possible compensation, including lost income and any additional costs. Most claims can be settled out of court.

No win, no fee: There are no upfront fees; you only pay after your claim is successfully resolved. Our fees are transparent and capped from the outset.