How to Handle Mis-Sold SIPP Claims
Self-Invested Personal Pension (SIPP) claims have become increasingly common in recent years, and it’s no secret that many of them are mis-sold. If you think you have been mis-sold, you may be entitled to compensation. However, the whole process of handling mis-sold SIPP claims can be intimidating and confusing. That’s why we’ve put together this guide to help you navigate through the process of handling mis-sold SIPP claims.
Understand What Mis-Selling Is
The first thing you need to do is understand what mis-selling is. Mis-selling happens when a financial advisor or firm provides advice that is not in your best interest. They may have misled you or not provided you with enough information about the product they sold you. In the case of SIPP claims, your advisor may have given you bad advice about where to invest your money, which led to losses that you were not expecting.
Once you understand mis-sold SIPP claims, the next step is to gather evidence to support your case. This can include documentation of what your financial advisor told you and any paperwork they provided. Also, collect correspondence with your advisor and evidence of their awareness of your financial situation and investment goals.
Contact a Specialist
Once you have gathered all the necessary evidence, it’s time to find a mis-sold SIPPs claims specialist from a service like Lincoln Green Solicitors, who can help you with your claim. They will be able to provide you with expert advice and guide you through the process of making a claim. They will also be able to negotiate on your behalf with your financial advisor or the firm that sold you the SIPP.
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