If the answer is yes, it is likely the pension was mis-sold to you and that you are entitled to significant compensation.
Financial products, particularly pensions, can be incredibly complex. This is where financial advisers come in; they are supposed to ensure that they provide their clients with simple, honest, unbiased advice regarding their financial products. It is their role to help a customer pick an option that suits their needs and ensure that the client understands everything.
Unfortunately, many financial advisors are lacking in professionalism and integrity and this has resulted in the mis-selling of pensions on a grand scale. To date, over £60million has been paid out in compensation in respect of mis-sold pensions.