Have you lost money on your pension?

You could be entitled to compensation.

If you’ve taken advice from a financial advisor or firm that has resulted in your pension decreasing, or disappearing completely, you could be eligible to make a claim to get some, or all, of your pension back. Act Now!

Maybe you were promised substantial returns, an early retirement or given an incentive to move your pension to a different scheme like a SIPP, which caused you to loose a significant part of your pension pot, or everything that you’ve worked so hard for. If this situation sounds familiar to you, or you believe that you have received poor or inadequate pension advice, you may have been mis-sold a pension.


We’re here to help. Contact us now!

Losing any amount of your pension can be very stressful. We’re here to support you. Our pension specialists are ready to help you receive the compensation you deserve for a mis-sold pension as the result of bad or incorrect financial advice.

Complete your free online assessment to find out if you’re eligible to claim. Our in-depth assessment will ask for comprehensive and honest information about your situation so we can understand whether our expert team can help you claim. Working on your behalf, on a no-win, no fee basis, we’ll take care of everything for you throughout the compensation process, to recover your hard-earned money that may have been unfairly lost.

Signs of a Mis-sold Pension

Often people don’t realise that they have been mis-sold a pension. If you have experienced any of these situations, don’t delay in getting in touch with our expert team, as we can help you claim the compensation you deserve.

Do any of these circumstances sound familiar?

  • As a public sector worker (i.e., the NHS and emergency services, government, the Civil Service) or having worked in a nationalised industry such as British Steel, British Rail, British Coal, BT, or as a dockworker or miner, you were mis-sold a benefit or final salary pension transfer.

  • Were you encouraged to move your pension from a company pension scheme to an alternative, such as a SIPP (Self-Invested Personal Pension), and the full terms and conditions, together with the positives and negatives, of this transfer were not clearly explained to you?

  • Has a financial advisor or firm approached you by text, email, or cold call, and encouraged to transfer your pension to an alternative scheme?

  • Did your advisor encourage you to transfer your pension to a different scheme so that you could retire early, take a larger tax-free lump sum, use your pension to provide a regular income, such as an annuity or drawdown pension?

  • Do you believe that you were a victim of commission “churning”, where your financial advisor appears to be moving your money from one product to another for your benefit, but in reality, earning more commission for themselves, regardless of whether you gained or lost financially?
“I found Sanderson Drake to provide an excellent service. The company was thorough, helpful, gave me sound advice, friendly, professional, and importantly provided me with excellent guidance and it was clear that they are very well experienced at getting great results.”
Jason Dugdale
Claim compensation for your mis-sold pension

With over 60 years’ experience and a long-proven track record of successful claims, our team of pension specialists are here to help. You may have given up all hope of getting your money back, but with our help you can claim compensation for a mis-sold pension through a government and FCA backed scheme.

We’ll submit your claim, so you can sit back as we take care of everything for you, working on a no win, no fee basis. We only charge a fee if we are successful in obtaining you an offer of compensation. Start your claim today

“Fantastic helped me with my compensation when I wasn’t even aware. Always kept me updated at the first opportunity.”
Daniel Blake
Mis-Sold Pensions FAQs:

The amount of compensation you could receive depends on your individual case and pension amount, however, as a guide, if the financial firm who gave you advice is still trading, you could receive up to £355,000. If the firm is no longer trading, the maximum is £85,000.

Therefore, the amount you could receive, could be in the thousands, depending on your pension amount, the incorrect investment made and your personal situation.


I’ve been mis-sold a pension and given unreliable advice. What can I do?

You may be able to claim compensation and get some, or all, of your money back. The first step on that process is to complete our free online assessment, which asks for specific details and information about your situation so we can understand clearly whether we can help you claim the compensation you deserve. Start your assessment today.

How do I know if I’ve been mis-sold a pension for sure?

Many people do not realise that they have been mis-sold a pension, nor that they can claim compensation if they have experienced this situation. The most common examples of mis-selling include feeling pressurised to move your pension into a different scheme by your financial advisor, transferring your pension into a SIPP or being promised substantial returns in a high-risk investment. If it was a situation where it sounded too good to be true, it probably was.

Should I claim myself or use Sanderson Drake?

It is possible to submit a claim for a mis-sold pension directly to the Financial Services Compensation Scheme and this is an option for some people. Here at Sanderson Drake, we offer an alternative, with full support and guidance every step of the way to getting the compensation you deserve. We act on your behalf working on a no win, no fee basis, which means that we only charge a fee if we are successful in obtaining an offer of compensation. Our team of pension specialists and experts has over 60 years of experience in claiming compensation, specifically for mis-sold pensions, payday, guarantor, or high-cost loans.

How long do you have to make a mis-sold pension claim?

Our experienced team can help you explore the specific time limits related to your claim, however, as standard, there is a limit of six years from when you were mis-sold the pension, or three years from the time you became aware of the mis-sold pension. Even if you are close to this deadline, still get in touch with the Sanderson Drake team who will be able to get your claim in as soon as possible.

Who do you claim against?

When we submit a mis-sold pension claim for compensation, we are simply claiming against the individual or financial advisor who mis-sold you the pension, or the financial firm that they were working for at the time.

The financial firm that sold me my pension is no longer trading, can I still claim?

Yes, you can still claim compensation. There is a scheme in place through the Financial Services Compensation Scheme, that will award up to £85,000 in compensation for a mis-sold pension from a company or firm who are no longer trading.

What are examples of high-risk pension investments?
Mainstream investments like stocks, shares and funds are regulated by the FCA, but there are unregulated investments which mis-sold pensions are commonly invested into. Some of the known examples of high-risk investments include:
  • The Resort Group
  • Store Pods
  • Green Oil
  • Los Pandos Development
  • Global Forestry
  • Cape Verde
  • Elysian Fuels
  • Global Cure Environmental Investment
  • Parking investments
  • Australian Farmland
  • Overseas Property Development
If you know your pension has been invested into these funds, then it is likely that you may have been a victim of pension mis-selling.

Our Claim Process

Read about the process and our fees if you instruct us

Our Fees

Where we receive an instruction to work on your behalf, and we are able to obtain an offer of compensation, we will charge a success fee. This is calculated as a percentage of the total compensation you receive. If we are not able to obtain an offer you will not be charged – this is called No Win No Fee.

If you cancel your agreement with us or break your agreement with us before the end of the process we will charge you a cancellation fee.

Read more about our Fees & Charges.

We provide a free, no obligation assessment to as part of our service before you enter into an agreement with us.

This allows us to let you know if you could have a potential claim.

If you choose to instruct our services and we are successful in obtaining you a refund, a fee will be charged.

Click here to read about our Fees & Charges.

Where we obtain an offer of compensation, we will charge a success fee.
This fee is calculated based on the amount of compensation you are awarded.

Compensation can be awarded in 3 forms;
(a) cash award (b) balance reduction (c) combination of cash award and balance reduction (when combined, we call this the ‘Total Award’).

If we are not successful in obtaining compensation, your claim will be closed with no fee charged.

More information can be found in our fees & charges.

If you receive an offer of compensation we call this a successful claim.

Our fees are calculated as a percentage of the total compensation you are offered.
Read more about our Fees & Charges here.

Upon completion of a claim we will send you a bill or invoice for our services.
This will explain how our fees are calculated and tell you the amount you need to pay.

Our invoice needs to be paid within 21 days.
Where you do not receive a Cash Award or the Cash Award is less than the invoice we will provide an option for a repayment plan.

If you are concerned about your ability to pay our invoice, you should contact us as soon as possible on 01554 575000.

Our Fee Rates

Consumer Redress Max Fee Charged
(%) inc VAT
Max Total Fee
(£) inc VAT
Lower (£)Upper (£)


The table above includes VAT the current rate of 20%.