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.

FSAVC policies had 2 major flaws:

1. 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.

2. 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.

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