Final Salary Pension Transfers, were you mis-sold?

 

Hundreds of thousands of people have transferred out of generous company schemes that pay a guaranteed income for life, into more flexible, but riskier, personal pensions.

Once this transfer has taken place, the decision cannot be reversed and you are then responsible for ensuring the cash lasts.

The volume of transfers has exploded in the past few years with savers attracted by extra flexibility. In 2018 alone, £18.8bn was moved from final salary schemes.

 

While there are some rare circumstances where your Final Salary Pension transfer might be deemed suitable, many transfers will have been unsuitable, and down to the negligence of a financial adviser who may have left you worse off.

If you transferred your Final Salary Pension to a private scheme, off the back of financial advice you may have been mis-sold, leaving you worse off in retirement. 

 

 

Pension Schemes

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NHS-Pensions

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If you think you’re worse off because of your pension transfer, get in touch for a free Initial Assessment to see if you can make a claim. 

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Ready to make a claim?

Do you think you’ve been mis-sold? Click here to complete our fact find and take the first step to making a claim

 

You are not required to use our services to pursue your claim.  You can also seek further advice or shop around. 

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Compensation Scheme, whichever is applicable to your claim.