Have You Been Mis-Sold Pension Products? What to Know Many UK pensioners are facing a crisis because of pension freedoms today. The ability to do as you wish with your savings does not lead to complete freedom. There are many things to consider when it comes to pensions, and it is often hard to decide…
DetailsThe holidays are just around the corner, which means families, friends, and lovers are getting ready to take a much-needed vacation during the merriest time of the year. People have plans of flying off to a getaway weekend – one that involves tuning in with loved ones in an exotic place. Unfortunately, people who made…
DetailsThere is nothing more frustrating than booking a holiday hotel beforehand and ending up in a hotel far from what you expected. Contrary to what you were made to believe, the hotel is under renovation, the room lacks certain amenities, and the accommodation isn’t worth the price you pay for. In short, it hasn’t met…
DetailsHow to Handle a Mis-Sold Financial Product Some individuals of working age will enlist the help of a financial advisor to secure future assets. However, some fraudulent advisors will pressure their clients into making high-risk investments without detailing the scope of the gamble. Thus, investors lose large sums of money because of crooked information. If…
DetailsRealising that your timeshare was mis-sold to you can be a very frustrating experience. After all the time, effort and resources you’ve put into it, ending up with a contract you find disappointing or unlawful can be seriously upsetting. The bright side is that there are actions you can take to turn this unjust situation…
DetailsMany homeowners like you commit to solar power solutions for their household because they want to make a difference by conserving energy. Unfortunately, some solar power companies take advantage of these opportunities by mis-selling solar panels. For instance, there were around 1,500 complaints received by the U.K. Financial Ombudsman Service last 2018 related to the…
DetailsGiven the endless array of products that you can buy with a click of your mouse or a tap on your screen, you’re probably used to buying things left and right. From purchasing solar panels to insurance, you’ve likely sought guidance from a salesperson, who was excited to tell you all about it. However, when…
DetailsWhen looking into investments, you want to make sure that what you’re buying is the real deal. Receiving advice from financial professionals is key to the decision, as you’ll be putting a large portion of your money and hoping you’ll yield some benefits. Unfortunately, many people continue to receive unsuitable recommendations from financial advisers, causing…
DetailsThe Financial Services Compensation Scheme (FSCS) released figures that indicated a doubled increase in compensation payouts to individuals who have transferred money out of their defined-benefit (DB) pensions. In fact, pension mis-selling claims reached £40 million in 2018, which saw a considerable rise from the £37.5 million in 2017. Pension transfer activity had also skyrocketed…
DetailsWhen it comes to finances, a pension is often deemed an integral part of life as a way to help you remain financially stable after retirement. However, this amount typically depends on how much you’ve contributed during your employment years. Your pension scheme only takes a halt when you leave your employer, decide to opt-out,…
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