Many customers were told by Providence Capital to transfer their pension benefits from a work based pension to a private pension. In most cases these pensions would not provide any additional benefits, Providence Capital did not tell their customers that transferring their pension would typically result in a loss of benefits such as a final salary scheme or matching contributions.

Some providers such as Providence Capital promoted that the pension they offered would out perform the workplace pension, this would not be the case with a riskier stock based pension and the advice given to millions of clients has been condemned by the regulator of Providence Capital.

If you feel that the Providence Capital advisor gave you wrong Financial Advice with your Investment, start you claim by completing the form above.