Surge in claims as British expat retirees in Spain complain about mis-sold SIPPs

Pedro Gonçalves
clock • 2 min read

A staggering £10bn worth of SIPPs may have been incorrectly dealt to hundreds of thousands of British retirees in Spain by dubious financial advisers which has sparked a number of claims. At least 70,000 British pensioners are retired in Spain and the uncertainty surrounding their pensions once Britain exits the European Union has resulted in a flood of claims. If they have been mis-sold badly performing Self-Invested Personal Pensions (SIPPs), with successful claimants looking to receive a average of a £30,000 windfall in compensation.  At present the take-up of SIPPs claims is fast ...