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 ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login