Due to the abundance of freedom involved, SIPP can often be more complex and riskier than other pension schemes. In recent years, mis-selling of SIPP has become a prevalent issue, affecting thousands of consumers.
If you feel that you have been a victim of SIPP mis-selling, then this blog post is for you. In this guide, we will walk you through the steps that you need to take to handle mis-sold SIPP claims.
Gather Your Documentation
Before starting the compensation process, gather any documents and statements relating to your SIPP. This includes the original investment contract, transaction records, and even correspondence with your financial adviser. These documents can provide evidence on how the mis-selling took place and the extent of your losses.
Identify the Grounds for a Mis-Sold SIPP Claim
There are several grounds on which you can make a SIPP compensation claim, including unsuitable advice, high-risk investments, hidden fees, and lack of due diligence. You must identify, with the help of those at Lincoln Green Solicitors, which ground applies to your case by reviewing your documentation, consulting with a financial specialist, and seeking legal advice.
Understand the Compensation Process
Once you have identified the grounds of your claim, research the compensation process. You can claim for the actual loss incurred, any associated interest, and even compensation for distress suffered. It’s essential to understand the process to avoid confusion and frustration during the compensation process.
Seek Professional Assistance
Handling mis-sold SIPP claims can be tricky, especially if you are not familiar with the process and legalities involved. It’s crucial to get professional assistance to guide you through the process and increase your chances of success. The expert can help you gather necessary evidence, complete your claim documents, and represent you in the process.
Submit the Claim
Once you have gathered all relevant documentation and sought professional assistance, submit your claim with the necessary evidence to support it. The claim process can take several months so it’s essential to regularly follow up your claim and respond to any enquiries from the claims company.
For more information Contact Lincoln Green Solicitors or Visit https://www.lincolngreenlaw.co.uk/
Address: Artemis House, 4 Bramley Rd, Bletchley, Milton Keynes MK1 1PT, United Kingdom
