Free Standing AVCs

There are several signs that you may have been mis-sold an FSAVC

Background Information

Free Standing AVCs, more commonly referred to as FSAVCs are standalone pensions used in conjunction with an occupational pension. They are different from standard AVCs (additional voluntary contributions) as they are set up by a third party and not your employer.
FSAVCs allow you to make further contributions over and above your standard occupation pension scheme. They have, however, been mis-sold in a number of circumstances.

These schemes are very similar to a personal pension, however, the fees attached to them and the performance of investments can be very poor, this means that if you had used your employer’s AVC scheme, you may have been far better off! The reason for the high charges is because they often have to cover the salesman’s commission, along with the costs of running the policy, whereas, in contrast, the costs of an AVC policy are usually borne by your employer, meaning that you keep every penny of the money you invest (subject to the investment performance).

The main reason why there has been a large amount of these policies mis-sold often boils down to the complexity of the rules when these schemes were introduced back in 1988, these were not fully understood by the people and companies selling the policies which have led to consumers being
disadvantaged.
How do I know if I was mis-sold an FSAVC?

There are several signs that you may have been mis-sold an FSAVC. These can include:

  • You weren’t told that you could make additional voluntary contributions to your existing occupational scheme
  • You weren’t informed of the higher costs associated with your FSAVC
  • You weren’t given information outlining how your FSAVC funds would be invested
  • You weren’t warned that your FSAVC wouldn’t benefit from employer contributions

Get Started Now. Find Out Instantly Below:

If you have purchased a free standing AVC, please complete the form below, and one of our experts will be able to assess your circumstances and establish whether or not the policy was right for you,

We’ve made 1000’s of successful claims on behalf of our clients, totaling over:

£18 MILLION

Free Assessment

What our clients are saying…

Some kind words from our respected clients

“You have proved I was miss advised”

You have proved I was miss advised, regarding my mis-sold pension, I am very happy with the outcome, your payment was a bit expensive, however, I realise everyone has to make a living. I did not think that the amount would be so much.
Thank you all for your hard work.

Pete | Trust Pilot

“From the very first moment of dealing…”

From the very first moment of dealing with Elite Chambers, I have been met with nothing but common courtesy, politeness, and Professionalism at all times, especially from Jamie Baker and Jordan Casey. Both these Employees are absolute Assets to the Company. I was kept up to date with every detail and progress through emails and Calls.
I would definately recommend this Company to everyone like myself who was mis sold something.

Thankyou once again Elite Chambers
Lesley Hogg

Lesley Hogg | Trust Pilot 

“I received a call from Elite Chambers…”

I received a call from Elite Chambers about a SIPP claim I spoke with Ashley, he was very helpful took a great deal of time in explaining the process and how it would work, Paper to be signed next week so fingers crossed for a positive outcome to this terrible situation.

David Barker | Trust Pilot 

Why work with Elite?

Trusted by success.

  1. No win No fee
  2. Hassle-free process with no lengthy paperwork to complete.
  3. 5 star reviews on TrustPilot.
  4. Over £18 million reclaimed for clients.
  5. No Upfront Fees.
  6. Our barristers have an outstanding reputation, you will be working with the best.

We are apart of: