Pension schemes can be highly complex and therefore if something goes wrong, the impact can be wide spread. Whether you are an individual, employer, trustee or manager of a pension scheme, our expert team can advise you in respect of a variety of pension disputes which may arise.

We can advise on:

  • Claims against pension scheme advisers
  • Claims against trustees and employers
  • Claims against solicitors

Some examples of what can go wrong with pensions:

  • Advisers have failed to invest according to the client’s attitude to risk or failed to provide appropriate advice regarding high-risk investment products
  • Advisers have recommended investment in unsuitable pensions and SIPPS
  • The scheme has been incorrectly executed resulting in an inability to claim the tax relief intended
  • Accidental overpayment of pension scheme funds
  • An incorrect statement has been made which a member of the scheme has relied on to their detriment
  • A mistake has been made in the scheme rules, which has resulted in an unintended payment
  • An amendment to the scheme has been rendered invalid

Time limits

Professional negligence court claims need to be issued within 6 years of the date that loss was caused. Very often with pensions the mistake which gives rise to a loss is not discovered until years after the error was made. Where the loss was not known about a claim can sometimes be made after the 6 year period if it is made within 3 years of knowledge of the loss. These rules on time limits can be very difficult to apply in practice though so if you are concerned that you may have a professional negligence claim then it is best to seek legal advice sooner rather than later.

Experience

  • Several recent claims have been made against accountants who provided negligent advice to businesses on issues such as Employee Benefit Trusts, retirement relief and holdover relief.
  • Claims on behalf of individuals against financial adviser for negligent advice relating to pension investments
  • Various solicitors claims for missed limitation dates
  • Acting for claimants in proceedings relating to contractual obligations for early retirement pension benefits.
  • Advised executrix of estate in claim against deceased’s ex-financial adviser for negligent pension advice. 
  • Acted for an individual following negligent advice relating to pension investment.
  • Advising in respect of claims against financial advisers for negligent investments within SIPPs, including Unregulated Collective Investment Schemes

Case studies