What is an IVA?
An IVA is a formal, binding debt relief plan that allows you to consolidate your debts and reduce your monthly payments to something more affordable to you. The IVA will give you protection from your creditors and help you freeze your interest.
Any remaining debts will be written off at the end of the agreement.
The disadvantages of an IVA
❌ Approval of an IVA is not guaranteed, creditors may reject your proposal.
❌ Your credit file can be affected for 6 years
❌ Your information is placed on the Register of Insolvencies which is a public register
❌ In the final year of the IVA, you may be expected to attempt to re-mortgage your property to increase the payments to creditors, although any possible re-mortgage is subject to strict criteria to protect you
❌ Some debt cannot be included in an IVA such as student loans and secured finance
Was my SIPP Pension Mis-sold?
A mis-sold SIPP can happen when a financial adviser or pension provider either advises or acts in a way that is negligent by the standards set by the UK regulator – the Financial Conduct Authority.
In many cases, It doesn’t matter whether you transferred a personal pension or from a final salary pension, there are many signs that you may have been mis-sold a SIPP, including if your financial adviser:
Reviews
“Well my story, my pension was invested in a SIPP it went belly up I thought I had lost the lot, Get Claims Advise said they would look in to it, Andrew, Tom and the team kept me in the loop.
To my delight I got the max from the pension compensation scheme, happy days are back, a 5 Star company for me. Nigel Simpson, Canvey Island.”
Nigel Simpson
“If it had not been for the help, advice, and sheer determination of Andrew holland, our adviser, I would not have got any money back. [Andrew was determined to get the information that was needed. He kept us in the loop the whole way through and it was well worth it we would never have achieved this without the help of claims advice. Once again thank you for everything.
Tracey and Joe Cheeseman”
Tracy Cheesman
“I contacted Get Claims and they did exactly what they said they would do. I told them I lived a very busy life and after handing over all my info they got on with it. Sorted the whole thing out, got some of the monies from my defunked SIPP pension back via some government thing. Bobs your Uncle. Many thanks Guys”
Paul Woodcock
Free pension review?
You transferred into a SIPP pension after a ‘Free Pension Review’
In many mis-selling cases, the pension move started with a cold-call offering a "Free pension review"
If you transferred your pension after receiving a cold-call or free pension review, the chances are you dealt with a pension introducer – an unregulated marketing firm paid to introduce new prospective clients to a new pension provider or set of investments.
You may have been mis-sold a Self-Invested Personal Pension if you:
Your SIPP transfer all began with a cold-call about your pension
You transferred into a SIPP pension after seeing an email, text or online advert
Our claims process
Free Initial Assessment
1
The mis-sold pension claims process always starts with a free initial assessment – a no-obligation chat with one of our case assessors to see if you are eligible to claim.
Getting The Paperwork
2
Next, we gather and investigate the paperwork on your behalf, going through each part with an eye for detail to build your claim.
Making The Claim
3
Once we’ve got the paperwork we can analyse the situation, build the claim and get it sent to the necessary parties, whether that’s the FOS, FSCS or the negligent party directly.
Getting A Result
4
Once your claim has been submitted we’ll fight it through if needs be, and we’ll review any offers of compensation your case is awarded to make sure you’re getting the maximum of what you deserve.
Advised you to transfer to a SIPP because it was better than other pension options
Advised you to transfer to a SIPP but didn’t provide advice on the investments inside it
Reviewed your existing pensions and only discussed moving them to a SIPP
Did not adequately explain the risks of the pension move and/or investments
Sold the potential tax benefits of a SIPP rather than the pension benefits
Did not advise explain to you that HMRC could change the tax rules at any time
Broke any other FCA rules or gave unclear advice
Not sure if any of these apply to you?
Have a free, no-obligation chat with the team at Get Claims Advice – we’ll investigate your SIPP pension story for signs of mis-selling and let you know if we think you can make a claim!
More information
In May 2017, ITV Tonight aired its in-dept investigation into the growing pension mis-selling scandal. The program focused on how SIPP pensions can be mis-used to mis-sell high-risk investments such as overseas property schemes. Acting not only as pension mis-selling specialists, but as professionals with a huge amount of experience with the firms involved, Get Claims Advice appeared on the show.
Credit: ITV, Nine Lives Media | We do not own this content.
Free pension review?
Your transferred your pension after a "Free Pension Review"
In many mis-selling cases, the pension move started with a cold-call offering a "Free pension review"
If you transferred your Defined Benefit Pension after receiving a cold-call or free pension review, the chances are you dealt with a pension introducer – an unregulated marketing firm paid to introduce new prospective clients to a new pension provider.
You may have been wrongly advised if you:
Your DB transfer all began with a cold-call about your pension
You transferred your pension after seeing an email, text or online advert
High adviser charges may have taken thousands from your pension in the transfer
If you transferred away from a defined benefit pension you may have received negligent advice, leaving you unknowingly out of pocket. You may be able to make a claim if you:
✓ You have transferred out of a defined benefit pension
✓ An FCA regulated firm advised you to transfer
The Financial Conduct Authority rules and guidelines are clear: Defined Benefit pensions should only be transferred if the move is suitable and beneficial for the scheme member, which is only in fairly rare circumstances. Without realising, you may have lost money because:
Your new pension may not be matching or exceeding the Critical Yield
Your new pension investments may present an unsuitably high risk
You may have received a CETV that does not reflect the value of your old defined benefit pension
You may have lost your guaranteed income in retirement
Can I claim for a defined benefit pension transfer?
£68,382.17
Mr P from Downpatrick, a former member of the army received
compensation after transferring his army pension into a SIPP
Have you been a victim of Pension Mis-selling?
Fill in your details below to have a no obligation chat about your situation
Fill in your details below to have a no obligation chat about your situation
Did you receive an email notifying you of a data breach on an account?
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Check your saved logins on your browser to see if any accounts have been breached
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If you received misleading or inaccurate financial advice that left your pension lower than expected, you could be owed mis-sold pension compensation.
Try searching your emails for "data security Incident" or "cyber security incident"
Have you been a victim of Pension Mis-selling?
If you received misleading or inaccurate financial advice that left your pension lower than expected, you could be owed mis-sold pension compensation.
If you were given misleading financial advice, or were persuaded to invest into a pension scheme without having the right information, you may have been mis-sold a pension.
It’s time to get in touch with us. We can investigate the facts of your case, and if we decide that you have grounds for a claim, we will let you know. Don’t worry – the initial chat is free, friendly, and comes with no obligation.
Have you received poor Pension advice?
CONTRACTUAL DISPUTES
Been dealing with a disagreement with the terms of a contract? You’re going to want to sort it out. Contractual disputes can be damaging
to you and your business’s reputation if they end up in court. If you or your disputing party have a problem with the terms and conditions of a contract, our expert mediators can help to sort it out.
FINANCIAL DISPUTES
Do you want to reach a fair financial agreement but need some assistance in mediating the conversation so that both of you stay happy? Financial disputes can be controversial and difficult to deal with when both parties are passionate about defending their corner. With the help of mediators like us at Spencer Churchill, we can alleviate the pressure of the process, and get you a step closer to the result you and your business are after.
INTELLECTUAL PROPERTY DISPUTES
Think you or your business’s ideas and processes are being stolen and used elsewhere? Do you have evidence that your innovation is being ripped off for the benefit of another company or individual? You’re probably going to want to open an intellectual property dispute. Spencer Churchill can help iron out the problems that come with these sorts of disputes, mediating the situation until we reach a beneficial agreement.
PROFESSIONAL NEGLIGENCE DISPUTES
Have you or your business been affected by professional negligence in the form of administrative mistakes or legal errors, or have you been dealing with a company that has an obvious disregard for your best interests? We can imagine how frustrating that is. Our mediator professionals are here to help you through your disagreement, giving you the space for productive communication.
LANDLORD AND TENANT DISPUTES
Disputes between a tenant and a landlord are, unfortunately, pretty common. Disagreements when it comes to standards of living space, rental disparity compared to national equivalent prices, or deposit debates, can often be unproductive without professional mediation. But with the support of our friendly solicitors or accredited mediators, a mutually beneficial agreement is more likely to be found.
PARTNERSHIP DISPUTES
If you or your business partner disagree, it can be disruptive to the processes of the business as a whole. You are likely to want to sort it out as soon as possible, so that further time and money isn’t wasted whilst the dispute is being resolved. We are able to offer effective mediation meetings to allow you the space and capacity to communicate effectively with your partner and end the dispute on an amicable agreement.
SALES OF GOODS & SERVICES DISPUTES
If you or your business have received a faulty item that isn’t being refunded, or you’ve paid for a service that did not deliver in the way it promised to, you’re probably thinking of opening a dispute. A mediation meeting with Spencer Churchill professionals could help you and the other company reach an agreement without the time, money, and negative publicity that comes with a court case.
INTELLECTUAL PROPERTY DISPUTES
Have you been pressured by a majority shareholder to make decisions
that you don’t feel comfortable with? Or are you a majority shareholder that has had a decision or course of action blocked by minority shareholders and you don’t agree with the result? There are a range of reasons why a shareholder might need to resolve a dispute through mediation, but you can trust Spencer Churchill to help you along with the process.
How can commercial mediation with Spencer Churchill help you
The biggest mis-sold Pension warning signs:
✓ Were you told to invest all, or most, of your savings into a single product?
✓ Were you told that your investment or pension was safe?
✓ Were you not made aware of the risks of the investment you were making?
✓ Did you not really understand what you were investing in?
✓ Was your investment or pension wrong for your needs
Do these warning signs sound familiar to you? You’ve come to the right people.
✓ Final Salary Claims
✓ SIPP Claims
✓ QROPS Claims
✓ Annuity Claims
✓ SSAS Claims
What can Spencer Churchill help with?
Have you received poor Pension advice?
A mediation meeting is a form of effective dispute resolution, and makes it more likely that you will reach an agreement that both parties will be happy with, saving you the pain, hassle and expense of going into litigation.
If you were given misleading financial advice, or were persuaded to invest into a pension scheme without having the right information, you may have been mis-sold a pension.
It’s time to get in touch with us. We can investigate the facts of your case, and if we decide that you have grounds for a claim, we will let you know. Don’t worry – the initial chat is free, friendly, and comes with no obligation.
Explaining commercial mediation
Commercial mediation is a useful method of alternative dispute resolution. It serves as an effective way to work through professional or commercial issues or disagreements , without prejudice and without the need to take the issue to court, where it would be made public.
The mediation process is confidential and allows those involved, otherwise known as the disputing parties, to reach an agreement they can both be happy with, omitting the hefty court costs that can sometimes come from a traditional commercial dispute resolution.
The mediation session will be conducted by a trained mediator. They will remain impartial throughout the session, working through the facts of the commercial dispute and following the necessary procedures in a confidential process.
By nature, a mediation session is more relaxed than a formal commercial dispute. It offers the disputing parties flexibility, allowing them to talk through their differences in a low pressure environment.
Spencer Churchill is a trading style of Spencer Churchill Law Ltd. Spencer Churchill Law Ltd is authorised and regulated by the Solicitors Regulation Authority (SRA number:659613). Spencer Churchill Law Ltd is a limited company registered in England, company number 11692170 at Bolton Business Centre 44-46 Lower Bridgeman Street, Bolton, BL2 1DG. Our VAT number is 378 449 248
Details of the SRA Standards and Regulations can be found at
https://www.sra.org.uk/solicitors/standards-regulations
We maintain Professional Indemnity Insurance in accordance with our regulatory obligations. Proof of insurance can be inspected at our registered office along with a full list of our Directors.
How Does Our Claims Process Work?
No-obligation chat over the phone
Sort out the paperwork (that’s on us, don’t worry)
We file the claim together, backed up by a winning strategy and specialist expertise
✓ Final Salary Claims
✓ SIPP Claims
✓ QROPS Claims
✓ Annuity Claims
✓ SSAS Claims
What can Spencer Churchill help with?
What can Spencer Churchill help with?
A mediation meeting is a form of effective dispute resolution, and makes it more likely that you will reach an agreement that both parties will be happy with, saving you the pain, hassle and expense of going into litigation.
✓ Final Salary Claims
✓ SIPP Claims
✓ QROPS Claims
✓ Annuity Claims
✓ SSAS Claims
Explaining commercial mediation
Commercial mediation is a useful method of alternative dispute resolution. It serves as an effective way to work through professional or commercial issues or disagreements , without prejudice and without the need to take the issue to court, where it would be made public.
The mediation process is confidential and allows those involved, otherwise known as the disputing parties, to reach an agreement they can both be happy with, omitting the hefty court costs that can sometimes come from a traditional commercial dispute resolution.
The mediation session will be conducted by a trained mediator. They will remain impartial throughout the session, working through the facts of the commercial dispute and following the necessary procedures in a confidential process.
By nature, a mediation session is more relaxed than a formal commercial dispute. It offers the disputing parties flexibility, allowing them to talk through their differences in a low pressure environment.
How Does Our Claims Process Work?
No-obligation chat over the phone
Sort out the paperwork (that’s on us, don’t worry)
We file the claim together, backed up by a winning strategy and specialist expertise
How can Spencer Churchill help you
Our team have lots of experience in gaining our clients the compensation they deserve. Don’t let your pension be a stressful part of your retirement and get back the money you deserve sooner rather than later.
Fill in the form above and one of our team will be in touch for a friendly, no-obligation chat to assess your situation.
We’ll go through your options, your rights, and we will discuss how we can move forward. And don’t worry, this is a free assessment and we don’t take any up-front costs.
why might you
or your business
require commercial
mediation?
why might you
or your business
require commercial
mediation?
How can we help you
Our team have lots of experience in gaining our clients the compensation they deserve. Don’t let your pension be a stressful part of your retirement and get back the money you deserve sooner rather than later.
Fill in the form above and one of our team will be in touch for a friendly, no-obligation chat to assess your situation.
We’ll go through your options, your rights, and we will discuss how we can move forward. And don’t worry, this is a free assessment and we don’t take any up-front costs.
Spencer Churchill is a trading style of Spencer Churchill Law Ltd. Spencer Churchill Law Ltd is authorised and regulated by the Solicitors Regulation Authority (SRA number:659613). Spencer Churchill Law Ltd is a limited company registered in England, company number 11692170 at Bolton Business Centre 44-46 Lower Bridgeman Street, Bolton, BL2 1DG. Our VAT number is 378 449 248
Details of the SRA Standards and Regulations can be found at
https://www.sra.org.uk/solicitors/standards-regulations
We maintain Professional Indemnity Insurance in accordance with our regulatory obligations. Proof of insurance can be inspected at our registered office along with a full list of our Directors.
Spencer Churchill is a trading style of Spencer Churchill Law Ltd. Spencer Churchill Law Ltd is authorised and regulated by the Solicitors Regulation Authority (SRA number:659613). Spencer Churchill Law Ltd is a limited company registered in England, company number 11692170 at Bolton Business Centre 44-46 Lower Bridgeman Street, Bolton, BL2 1DG. Our VAT number is 378 449 248
Details of the SRA Standards and Regulations can be found at
https://www.sra.org.uk/solicitors/standards-regulations
We maintain Professional Indemnity Insurance in accordance with our regulatory obligations. Proof of insurance can be inspected at our registered office along with a full list of our Directors.
Talk to a claims expert