PEOPLE who suffered losses after transferring a UK pension abroad could win compensation on a ‘no win, no fee’ basis as specialists offer victims a lifeline.
According to official figures from the HMRC, more than 120,000 expats took advantage of QROPs – some 20,000 are thought to live in Spain – and 50,000 transferred SIPPs after legislation was eased.
However, retired people have fallen victim to mis-selling and have lost all or part of their pension pot and face an uncertain future.