HT Legal, a prominent legal firm specialising in financial services claims, is urging individuals who have concerns about their pension arrangements to come forward and seek assistance. In response to a significant increase in pension claims across the UK, the firm has announced the expansion of its Financial Services Claims team. These claims, commonly known as SIPP claims, have shed light on the mismanagement and misconduct of Financial Advisers, SIPP providers, and Fund Managers regulated by the Financial Conduct Authority (FCA). Many of these claims involve unsuitable investments such as Harlequin, Store First, The Resort Group, and others, which have resulted in substantial losses for clients, depleting their hard-earned pension funds.
Tony Carter, Managing Director at HT Legal, emphasised the importance of individuals reaching out: “We strongly encourage anybody who has any concerns about their pension investments or advice they have received to get in touch with us. Many individuals may be unaware of their rights or the potential for compensation. Our dedicated team is here to provide a free consultation, either by phone or online, to establish whether there are grounds for a claim before any formal commitment is required.”
While the focus has been on claims against advisers involved in unregulated investments, HT Legal is also directing attention to other areas where regulated companies, including financial advisers and pension providers, have treated clients unfairly. Cases range from advising clients to move out of highly regarded Defined Benefit Pension Schemes to persuading them to transfer workplace schemes into private pension schemes, often motivated by self-interest to generate fees for the advisers.
Instances of poor advice and excessive charges have become prevalent in the industry, leading to an increase in complaints against reputable firms such as St James’s Place and Royal Sunlife of Canada. Clients have reported unnecessary transfers and unjustified fees, including payments for services they have not received, such as annual reviews. Shockingly, many individuals who opted for pension transfers have suffered financial losses due to heightened charges and underperforming funds.
Tony Carter emphasised HT Legal’s commitment to justice: “At HT Legal, we believe that individuals should not have to tolerate substandard practices or suffer financial losses due to poor advice. We are committed to leveraging the resources of the Financial Ombudsman Service and the Financial Services Compensation Scheme to help our clients obtain the redress or compensation they rightfully deserve.”
To ensure efficient and effective outcomes, HT Legal collaborates with industry experts to navigate the intricate landscape of financial services claims, aiming to maximise compensation and redress for their clients. With an expanded team possessing extensive expertise in handling diverse cases, the firm employs a meticulous approach to every claim.
“Our team works tirelessly to ensure that our clients receive swift and maximum compensation or redress,” noted Tony Carter. “We understand the impact that poor pension advice or mismanagement can have on individuals’ financial futures. Our mission is to provide them with the support, guidance, and legal representation necessary to rectify these injustices.”
HT Legal urges individuals with concerns about their pension arrangements to come forward and seek assistance. The firm offers a complimentary consultation via phone or online, enabling prospective claimants to determine whether they have grounds for a claim before making any formal commitment. Furthermore, HT Legal operates on a strictly no-win, no-fee basis, providing clients with peace of mind and a risk-free approach to pursuing their claims.
