SIPP Transfers

A self-invested personal pension (SIPP) is a pension ‘wrapper’ that holds investments until you retire and start to draw a retirement income. It is a type of personal pension and works in a similar way to a standard personal pension. The main difference is that with a SIPP, you have more flexibility with the investments you can choose.

Many people were 'cold called' by companies (including financial advisers) and asked if they would consider moving their pension with the promise of significant returns. Some people were even transferred from lucrative employer pension schemes (final salary/super ann) to these SIPP's.

This has resulted in pensions that have previously been invested in regulated and low risk funds and assets being transferred to SIPPs with high risk, unregulated products which are not suitable for many people.

A lot of the time people have suffered devastating financial losses on their pensions which they have spent their entire working lives saving for. In some situations, the full pension fund has been lost completely.

We are assisting these people in pursuing claims for compensation for the money they have lost. We have a significant number of ongoing claims. They are several routes we can navigate when looking to bring a claim for your pension.

  • We can claim against the advice you were given at the time. This tends to be IFA’s and Financial Advisers but, realistically lots of the advisers that sold these ‘investments’ are now no longer in business due to their business practices. Which means we can complain to the Financial Services Compensation Scheme.
  • We can also complain to the SIPP providers themselves. Rules we introduced by the FCA around stringent due diligence SIPP firms were required to carry out before taking on ‘non-traditional’ investments. A lot of the time these checks were never applied or were very limited.
  • A third option is to complain to the pension you transferred out from. Like SIPP providers they too were responsible for carrying out due diligence, which often, was not in line with FCA requirements.

If you have lost your retirement savings because of this, please get in touch with us 0333 050 8792. We can help you reclaim the money that is rightfully yours.


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If you have lost money due to a mis-sold SIPP pension transfer then we can help. We also help with all other financial service complaints, for example, declined life insurance, critical illness or income protection policies.

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