Mis-Sold SIPP Claims?
Submit Your Claim Today For Free

If you have lost huge sums of money because your pension was moved into a SIPP (Self-Invested Personal Pension Plan), you could be eligible for compensation.
Figures suggest that 1 out of 8 savers could be eligible for compensation and the Financial Services Compensation Scheme has put aside a pot of £120 million that you could be eligible for.
Forces Compare offers a free and online process to submit your claim for a SIPP and potentially get a refund worth thousands of pounds.

How to Make a SIPP Claim with Forces Compare


Complete our simple online questionnaire


Speak to our claims management team


Our advisors will submit and oversee your claim - with potential refunds available in weeks

What is a SIPP Claim?

Self-Invested Personal Pension Plans (SIPPs) are a type of personal pension that allows someone to put their savings into a wide range of investments, many of which are often not available through standard Personal Pension Plans (PPPs).

This can have significant benefits, allowing you to have up to 45% tax relief on contributions and no additional capital gains tax or income tax to pay on any potential gains.

In addition to having choice on what you invest in, the earnings are potentially much higher than a standard pension because you can invest in funds, trusts or alternative energies that are high-risk and high return.

But whilst this money is tied up in your pension until you are 55, you are not covered for any losses. Hence, thousands of Britons have found themselves investing in high-risk opportunities with nothing to show for it when it comes to retirement, despite high pressure selling from SIPP providers and financials advisors. Today, people can submit a SIPP claim online and potentially receive a refund worth thousands to cover their pensions and lifestyle.

Could I Have Been Mis-Sold a SIPP?

Many financial advisers and unregulated introducers were paid high commissions to persuade individuals to transfer their existing pension plans into SIPPs.

In many cases, some advisers recommended that the SIPP be invested in particularly risky investments such as overseas property, environmental-related investments (forestry, green oil, carbon credits etc), car park spaces, storage pods, student accommodation etc. leading to huge losses.

If you find that your pension pot has decreased massively in recent years, you have lost money or have little to show for your pension – you could be eligible for a SIPP claim with Forces Compare.

Am I Eligible for a SIPP Claim?

  • You were misled over the risk of the investment
    Your IFA encouraged you to switch investments, without
    saying why
  • You are financially worse off
  • You were not given all the key information about your investments
  • Your IFA invested in unregulated high-risk investments
    Your SIPP has decreased in value, despite your IFA saying it would increase
    Your IFA failed to explain factors that could lower the value of your investment

Understanding SIPPs as Defined Contribution Pensions

SIPPs are a Defined Contribution pension which means that your outstanding pension will depend on the performance of your investments. So in the event that you were investing in high-risk opportunities, you could find your overall pension left with very little or nothing at all. SIPPs are successful for some, especially if they have a good knowledge of the market and investments and have been given sound financial advice.

This is different to a Defined Benefit pension which guarantees a certain amount upon retirement – such as a final salary pension which you pay into each month from your payslip from work. Therefore, whenever you finish your job over so many years, you know exactly how much there is available in your pension to use and spend.

Do I Need a Claims Management Company to Make SIPP Claims?

Customers are not required to use the services of a CMC or solicitors to pursue their claim and they can present the claim themselves for free, either to the person against whom they wish to complain or to the relevant statutory ombudsman or statutory compensation scheme.

You may however find that claiming through Forces Compare is faster and more effective. With a proven track record, we know how to complete all the relevant paperwork and documents to fast-track your claims application and maximise your chances of receiving compensation.

The Statistics


Thanks to an FOI request submitted by Forces Compare we’ve been able to gather a few key stats to illustrate the scale of SIPP claims

2 m

There are curently more than 2.5 million former service personnel currently residing in Britain


Members of the Armed Forces Pension Scheme transferred their pension benefits to non-defined pension schemes between 2010 - 2015.


175 random sample cases of the 4600 cases showed that 99 members of the armed forces had transferred a pension worth between £20k - 100k

Why Use Forces Compare to Make Your SIPPS Claim?

Forces Compare has partnered with claims specialist, Allegiant Finance Services (AFLS), who have successfully claimed back more than £50 million for their clients since they were established in 2013.

Working with Allegiant, we operate on a completely  no-win, no-fee basis* – so there are simply no fees for checking your eligibility for a mis-sold SIPP claim and it only takes a few minutes to complete.

To maintain transparency, we can confirm that Forces Compare will receive a payment for passing the customer details to AFLS if your claim is successful.

No Win No Fee*

Competitive Fees

Excellent Track Record


Terms and Conditions

Forces Compare has partnered with Allegiant Finance Services Limited to offer its clients the opportunity to reclaim compensation for mis-sold SIPP pensions. Allegiant Finance Services Limited is a Claims Management Company that is Authorised and Regulated by the Financial Conduct Authority. Firm Reference Number: 836810. Registered with the Information Commissioners Office: Z2569335. VAT Registration No. 274837662.

Make a SIPP Claim – FAQs

How Does a SIPP Work?

A SIPP is a Self-Invested Personal Pension which allows you to control and manage your own funds, so you can invest in things and access this money when you turn 55 or for your retirement.

SIPPs are however prone to mis-selling because of their high-risk nature and this is not always clear to clients. Whilst you could earn huge returns, if not invested wisely or you take too big a risk, you could find that your pension is not worth much by the end. And this is where being mis-sold or requesting compensation becomes important.


Does Forces Compare work on a No-Win, No-Fee Basis?

Yes, we operate purely on a no-win, no-fee basis, only receiving a commission if your SIPP claim is successful. Our commission is based on packaging and processing your claims application form in the most effective way possible. With hundreds of SIPPs claims floating about, if your claim is presented in the perfect way, it will be picked up much quicker by the pension provider and processed a lot faster with the desired outcome.


How Much Could I Receive From a SIPP Claim?

The amount of compensation due from a SIPP claim can range from a few hundred pounds to several tens or hundreds of thousands of pounds. The amount will depend on the type of investment you put money into, your age and how much you have invested so far.


How Long Does a Mis-Sold SIPP Claim Take To Complete?

Your application for a mis-sold SIPP can take just a few moments and you can complete our eligibility form completely online, with no obligation and no fees for applying. Our team of advisors will review and process your claim and you should hear back either immediately with feedback, or within a matter of weeks.


Can I Withdraw Money From My SIPP At Any Time?

If you want to withdraw money from your SIPP before the age of 55, this may incur a large tax bill. Since the whole idea is that you are getting tax-free benefits, provided that you keep your money tied up until you are 55 years old.

In most cases, SIPPs will invest in high-risk, liquid investments and this money is not usually accessible until the full investment is sold or paid out – such as investing in a energy, technology etc