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Mis-Sold Pensions FAQs

As time goes on, the extent of the pension mis-selling scandal becomes increasingly apparent. To help you determine whether you can make a claim, our compensation experts are here to answer your frequently asked questions about pension mis-selling.

It was a long time ago, I don’t know if I have any paperwork, can you still help?

Yes, we can still help. We will need some very basic information from you. We then obtain all of the relevant information from the Pension providers to enable us to make the claim on your behalf.

How far back can you look into pension transfers?

We can look at any pension transfers which took place from 1988 onwards.

How long does a claim take?

Once we have sent your claim we would usually have a final decision within 4-6 months.

What are some examples of a mis-sold Pension product?

We help customers who have been advised to transfer their pensions into Self Invested Pension Plans (SIPPs).

These usually contain Overseas Property, Land, Storage Units, Carparks, Carbon Credits, Loan Notes, Bio Fuels, Farm land, Forestry, Ecological Energy plus many more.

How much will I receive in compensation?

This all depends on the amount transferred and the circumstances of the transfer including your personal circumstances at the time. We always endeavour to claim any capital losses, plus any lost interest and compensation for the mis-sale.

The average pay out we get for our customers from claims to the FSCS is over £22,500*.

* Average calculated between Jan to Dec 2023 and before deduction of our fees.

The company that advised me to transfer my pension is no longer trading, can you still help?

Yes. We specialise in helping in this sort of situation. If your advisers are no longer trading we have the option to take your case to the FSCS – Financial Services Compensation Scheme.

We will need some basic details from you but from thereafter we will take over and begin the process of investigating what happened and how best to get your money back.

What are your fees?

We do not charge any upfront fees. If we are successful in getting you a refund, the money will be paid into AMK Legal Client Account. We will then deduct our fee and pay the remaining balance directly into your bank account within 7 days.

Compensation Amount Our fee 40% plus Vat – total 48% You would be left with
£1000 £480 £520
£3000 £1440 £1560
£10000 £4800 £5200

The above fee illustration is not to be taken as an estimate of the amount likely to be recovered for you.

Why should I use AMK Legal?

We have a proven track record in settling pension mis-selling claims and have already reclaimed millions for our customers. Our expert claims advisers have the necessary expertise to put together a strong case for mis-selling, giving you the chance of reclaiming potentially thousands of pounds.

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