Terms of business
I: Harjit Jhooti trading as TTP-Financial Compensation, (hereinafter referred to as; We, Our, TTP) the claim handler of: 118 Tudor Rd, Hampton, TW12 2NF.
You: The client or clients potentially seeking our assistance.
Prior to engaging our services we are required to ensure that:
1. You are aware of the claims sector we are in and the products we deal with. Our claims sector is financial products and services. Specifically:
Life Assurance: whole of life policies and mortgage endowments
Pensions: personal pensions, free standing additional voluntary contributions and transfers away from employers’ schemes.
Regular Savings: life company unit linked savings plans
Lump sum Investments: insurance bonds
2. You are aware that you may represent yourself or seek alternative mechanisms for making a claim.
3. You are aware of the risks in making a claim in that although we act on a pure ‘no win no fee’ basis, we cannot guarantee the success of a claim.
4. You are aware of our claims process in that we shall:
• Provide you with as much information as can be considered reasonable in order to put you in a position to decide whether our services are appropriate for your specific requirements.
• Commence the claims process by the completion of a client authorisation and fee agreement.
• Gather information, if necessary, from relevant third parties such as the product provider or advisor against whom the claim is being made and having done so; make an initial submission for redress to the appropriate party.
• Assist you in the completion of any questionnaires relevant to your claim to ensure that the facts are accurately laid out.
• Should your claim prove successful and the redress secured acceptable to you, invoice you accordingly.
• Should your claim prove unsuccessful, advise you whether it would be potentially worthwhile to refer the claim onto independent bodies such as the Financial Ombudsman Service (FOS) and Financial Services Compensation Scheme (FSCS) and represent you accordingly.
• Our service does not extend to representing you in court and we cannot comment as to whether this course of action would be appropriate should your claim through TTP prove unsuccessful.
5. You are aware of our fee structure as laid out in our fee agreement:
Our fee being 25% plus VAT at the standard prevailing rate, the current VAT rate applicable being 20%, of any redress, as described in formal offer paperwork, secured and considered acceptable by you. Fee examples:
Total due to TTP
Please be aware that redress in relation to pension contracts normally takes the form of an enhancement to pension benefits and, as a consequence, may not be immediately accessible. In such circumstances, usually when the client is under 55 years of age, if the redress secured is accepted, our fee can be settled by 12 interest free monthly instalments or alternatively, can be deferred until age 55 when the redress can be accessed, in which case, the fee would be based upon the prevailing fund value at that time.
6. You are aware that if, whether in Great Britain or in another jurisdiction, you have been subject to bankruptcy, a debt relief order, an IVA, sequestration or a similar arrangement the compensation/redress might, in certain circumstances be off-set against your outstanding debts; and you will in such circumstances be liable to pay our fees from your own funds.
7. We confirm that you may withdraw from this agreement at any time prior to the completion of the service that we have been contracted to supply i.e. the securing of a formal offer of redress, without any financial or other obligation. Should this be the case, any independently verifiable medium such as email, is acceptable.
8. We confirm that our service does not extend to providing any form of tax or financial advice.
9. We confirm that it makes no allowance for your individual tax circumstances in its fee in that as stated in section 4, its fee is based upon the redress described in formal offer paperwork and as such any tax liability you may incur from a successful claim is your responsibility.
10. If at any point you become unhappy with the service we provide to you or you have concerns about your bill then you should inform TTP immediately so that we can do our best to resolve the problem for you. We have a procedure in place to resolve complaints which is available at ttp-financial.co.uk/complaints-procedure.
We have eight weeks to consider your complaint. If we are unable to resolve your complaint then you can have the complaint independently looked at by Claims Management Ombudsman that investigates complaints about poor service from claims management companies. The Claims Management Ombudsman can investigate complaints up to six years from the date of the problem happening or within three years of when you found out about the problem. If you wish to refer your complaint to the Claims Management Ombudsman this must be done within six months of our final response to your complaint.
If you would like more information about the Claims Management Ombudsman their contact details are as follows:
Claims Management Ombudsman
11. I can confirm that I, Harjit Jhooti, trading as TTP-Financial Compensation am regulated by the the Financial Conduct Authority in respect of regulated claims management activities. Authorisation number 830901.