What is a Mis-Sold Pension Claim?

A mis-sold pension claim occurs when a financial advisor gives inappropriate or misleading advice that leads you to transfer or invest your pension in a way that endangers your retirement savings. Many people unknowingly transfer stable workplace pensions or defined benefit plans into higher-risk self-invested IRAs or 401(k)s, or are drawn into unregulated schemes that later collapse.

You may be entitled to compensation if:

You were advised to transfer out of a defined benefit or final salary plan

Your advisor failed to explain the risks of the investment

The scheme was unregulated, based overseas, or later declared worthless

You lost some or all of your pension as a result

At Global Anti-Fraud Headquarters, we help those who have been misled by financial advisors recover what they are owed on a no-win, no-fee basis.

Common Mis-Sold Pension Plans and Risks

Mis-selling often involves transferring your pension into a self-invested IRA or 401(k) linked to high-risk or unregulated investments. Many victims were told these plans were safe or secure when they were not.

Some of the most common mis-sold pension plans include:

Ark Pension Plan

Capita Oak and Henley Retirement Benefits Plan

Quantum London Pension Plan

Dolphin Trust (also known as German Property Group)

Park First Investment Plan

Victims of pension mis-selling have lost thousands, and sometimes hundreds of thousands, of dollars. Many people only discover the problem years later, typically when trying to access their pension or consulting a new financial advisor.

If your advisor failed to warn you of the risks or pressured you into a quick transfer, it may be considered financial negligence. Even if the company has since gone out of business, you may still be able to file a claim through the Securities Investor Protection Corporation (SIPC) or the FDIC.