10 September 2020 | Firm news | Article by Neil Stockdale

Were You Advised By Capital & Income Solutions Ltd? You Can Now Claim Compensation

If you received advice regarding your pension from Capital & Income Solutions Ltd which left you worse off, then you may be entitled to compensation from the Financial Services Compensation Scheme (“FSCS”).

The FSCS is the industry’s lifeboat fund and it has confirmed that it is now assessing claims against this firm.

Capital & Income Solutions Ltd went into liquidation at the start of the year after reportedly advising a significant number of consumers to transfer their defined benefit pensions into private pensions.

In transferring a defined benefit pension, you lose valuable pension benefits irrevocably and often, it is isn’t possible to achieve the same level of return or benefits from a private scheme. For these reasons, if you were advised to transfer a defined benefit pension, it may not have been the best advice for you.

If you were advised by Capital & Income Solutions Ltd or another firm to transfer your defined benefit pension into a private pension, contact us today for a free, no obligation consultation. We offer ‘no win no fee’ on cases typically charging between 15-20% of any award subject to a full risk assessment of your case.

Disclaimer: The information on the Hugh James website is for general information only and reflects the position at the date of publication. It does not constitute legal advice and should not be treated as such. If you would like to ensure the commentary reflects current legislation, case law or best practice, please contact the blog author.

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