Practice Areas

What Is a Missold Pension Claim?

A missold pension claim occurs when a financial advisor provides inappropriate or misleading advice, causing you to transfer or invest your pension in a way that endangers your retirement savings. Many people unknowingly transfer stable workplace or final salary pensions into higher-risk Self-Invested Personal Pensions (SIPPs) or are drawn into unregulated schemes that later collapse.

You may be entitled to compensation if:

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

Your advisor failed to explain the investment risks

The scheme was unregulated, overseas, or later declared worthless

You lost some or all of your pension as a result

At CEL Law, we help those misled by financial advisors recover what they are owed on a no-win, no-fee basis.

Common Missold Pension Schemes and Risks

Misleading sales often involve transferring your pension into a SIPP tied to high-risk or unregulated investments. Many victims are told these plans are safe or secure, when they are not.

Some of the most common missold pension schemes include:

Ark Pension Scheme

Capita Oak and Henley Retirement Benefits Scheme

Quantum London Pension Scheme

Dolphin Trust (also known as Deutsche Grundbesitz Group)

Park First Investment Plan

Victims of missold pensions lose thousands of pounds, sometimes hundreds of thousands. Many 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 constitute financial negligence. Even if the company has since closed, you may still be able to file a claim through the Financial Services Compensation Scheme (FSCS).