Missold pensions?

Victims of mis-sold pensions are being advised they might be better off making a claim themselves rather than going through a third party.

Law firms and claim management companies may charge more than 40 per cent per claim.

'Charging desperate victims massive fees, for recouping a fraction of their loss is just heaping further misery on them,' said Stephen Timms MP, chair of the work and pensions committee and former shadow Work and Pensions Secretary.

  • The FSCS has rejected 17.2% of applications from law firms since start of 2018
  • Only 17.8% of people making their own applications were denied
  • Claims management companies had most success with 11.1% of cases rejected
  • Last year, 13,504 applications were made to the FSCS for mis-sold pensions
  • Law firms may charge up to 50 per cent per claim on a no win, no fee deal 

New figures reveal that DIY claims stand a good chance of success - saving thousands of pounds in commission that might have otherwise gone to claim management companies or law firms acting on their behalf.

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