FSAVC Mis-selling
Were you a victim?
Expert help and support from Greg Vaughan Financial Services: the pensions claims specialist
Do you think you were mis-sold an FSAVC?
Thousands of public sector workers—including teachers, doctors, and dentists—were encouraged to ‘top up’ their pensions with FSAVCs, sold by insurance companies.
These plans often came with high fees and fewer benefits than in-house schemes, leading to poor investment returns.
The financial impact was so severe that regulators launched a review. However, many people were left out due to insurer lobbying.
Were you affected? Call us now on 0151 329 0775 or click below to answer a few quick questions and find out.
What is an FSAVC?
FSAVC stands for “Free Standing Additional Voluntary Contribution” or “Free Standing AVC” and these ‘top up’ schemes were sold during the 90s. FSAVC policies are very similar to standard personal pensions. You pay your contributions into an investment fund and the final pension is determined by the performance of the assets in the fund (usually company shares).
FSAVC policies had 2 major flaws:
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High Policy Charges
- Policy charges were high in order to pay the salesman’s commission and to cover the costs of administration and provide a profit to the insurer or bank running the policy. The more taken out of the fund in charges, the less will be available for investment.
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Poor Investment Performance
- The investment performance of FSAVCs has often been very poor. FSAVCs were sold on the back of illustrations showing investment growth between 8.5% and 13% a year. None have got anywhere close to these returns. In reality, many FSAVCs will not even return the premiums invested.
Most people were not made aware of these flaws and, worse, were not told about much better alternative options available from their employer’s own in-house AVC.
This represents mis-selling.
The Mis-selling of FSAVC Pension Plans: Did it happen to you and how to put it right.
What to do if you have been mis-sold
If mis-selling happened, Greg can help you get the compensation that you deserve. Greg offers a “No Win, No Fee” Service. With over 2 decades of experience, Greg has won millions of pounds in compensation for thousands of happy clients, with life-changing amounts up to and beyond £90,000 in some cases. Greg has the highest customer satisfaction rating on Trustpilot and you can read client reviews here.
Please follow this link to view the highest and average claims against some of the most common FSAVC providers
I fight hard to get the best compensation for my clients, with payouts of up to £90,000.
60 Second FSAVC mis-selling test
Contact Greg Vaughan Financial Services
Email: greg@pension-claims.com
Phone: Call Greg on 0151 329 0775 or 07788 630037
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Your contact details will be kept private and secure in accordance with the site’s privacy policy.
Our highest and average claims against the following FSAVC providers
Abbey National | Allied Dunbar Assurance | Aviva | Barclays | Canada Life | Clerical Medical | Colonial Mutual | Commercial Union |Cooperative Insurance | Countrywide Assured | Educational Institute of Scotland | Financial Services Compensation Scheme | Friends Life | Guardian Life | HSBC | Sun Life Financial of Canada | Legal & General | Liberty Life | Lincoln National | Lloyds Banking Group | LV (Liverpool Victoria) | Medical Sickness Society | Merchant Investors | NatWest |Pearl Assurance | Phoenix | Prudential | Sanlam | Sesame | Wesleyan