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.