Pension claims in UK is a procedure in which a person who has miss sold pension can claim compensation against it.Miss sold pension is a basically a bad financial advice which has been received from a source which had some interest in taking or buying that financial product. A miss sold pension is also applicable when the financial advice was given from a company whose regulatory board was not proper or also in case when the company was alright but the advice was fraudulent.So when a person claims that he has a miss sold pension,then he can claim against such a pension. However a person who claims for such pension has to get his pension plan under review thoroughly.There are many firms which help a person claim for his miss sold pension.
The type of compensation paid against the miss sold depends on the amount and the type of miss sold pension. Though there are many firms which help to claim for such compensation,it takes several months to get the compensation so one thing is that you need to be patient enough and have full faith in the firm that are helping you in claiming your miss sold.The review of miss sold started way back in 1994 and those who were already retired were considered high priority but after that UK legislation included many more customers with a deadline of March 2000. Even after that people who think that they have been miss sold their pension can still write against it and claim their compensation.
Those who complain against this scheme usually undergo very tight scrutiny,only after which their claims are judged and compensated. If their claims are not genuine then the complaints are rejected.The customers are thoroughly checked that under what circumstances the customers did were miss sold and what were the promises that were made to them. It is then checked what results those scheme has yielded. If the financial scheme like SIIPs have poorly performed in contrast to what was promised to them,then they are most likely to be compensated.Pension is a sole source of income for the retired professionals so any fraudulent issues might create problem in receiving the pension and if this happens,the person is landed in great trouble but pension claims clinic has helped many customers in getting their livelihood back and enjoy these second innings of their life.
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