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Mineworkers' Pension Scheme

The majority of Mineworker pensions in the UK are Defined Benefits pensions, often referred to as Final Salary schemes.

Why are Final Salary Schemes so valuable?

They are considered very valuable and rare pension schemes, as they usually come with benefits such as a guaranteed income in retirement and cost nothing extra to the scheme member to run.
They may also include death in service benefits, paying up to 50% of a pension to a spouse if the scheme member dies before drawing it.

These schemes are also considered relatively safe as they are protected by the Pension Protection Fund for up to 90% of their value.

The Mineworkers’ Pension Scheme (MPS) is one of the largest pension schemes in the UK with over 178,000 members. The British Coal Staff Superannuation Scheme (BCSSS) ran until 1994.

Targeted to transfer

Mineworkers were another group of public sector workers who were targeted and encouraged to transfer their pensions into private schemes, such as SIPPs.

Whilst these private pension schemes may have the potential to earn more money, they come with less of the guaranteed benefits and more risk and responsibility for the pension holder.

While there are some rare circumstances where a Mineworker’s Pension transfer might be deemed suitable, many transfers will have been unsuitable and down to the negligence of a Financial Adviser. This may have left pension holders worse off.

What can I do if I think I’ve been mis-sold?

If you were advised to transfer from your BCSSS or MPS pension scheme and have concerns about that advice, then you might be wise to get it checked.

We offer a free assessment to establish if mis-selling has occurred and if you may be due compensation. There’s no obligation to use our service.

Rodders Hewitt
2024-03-08
Pension Claim Consulting Ltd ...have for me done a great job ...within the expected time scale ...Couldn't have asked for more
Phil C
2024-02-23
Thank you to all at PCC. My claim was managed brilliantly and was successful. I can highly recommended their services. Thank you once again
Christopher Fraser
2024-02-07
After identifying a concern regarding my pension, I sought advice from Pension Claim Consulting. The response and customer service was swift and amazing. The courtesy and care taken throughout the whole process was phenomenal. The consultant’s communication from start to finish filled me with confidence that PCC do exactly what they state and were on hand whenever required. The level of understanding, empathy for the frustrations, and patience is by far the best I’ve witnessed. I cannot thank PCC enough for their outstanding work ethic and dedication to customers/clients. If you have any concerns at all regarding your pension, then I would highly recommend that you get in touch with them.
Andy Yates
2024-02-06
Fantastic service, so impressed with Pension Claims Consulting. None stop updates throughout and everyone who works there was so helpful and supportive in every way. Thank you so much for getting my pension back.
Robert Manningham
2024-02-05
Pension Claim Consulting Ltd successfully won a case on my behalf following misguided advice I received in relation to my pension. They were most proactive in the process and kept me fully informed every step of the way. I have no hesitation in recommending their services.
Deanamo 84
2024-02-05
Very professional, very thorough and very good at what they do. Always at the end of the phone or email for any questions at anytime throughout the process. I can’t recommend them enough.
Roger King
2024-01-16
Pension Claim Consulting managed to reclaim some of my pension by constantly chasing the company that fraudulently took my money. I though that I had lost everything. I cannot thank them enough on recovering some of my pension back.
Susan Stringer
2023-10-17
Excellent standard of service. The claim was protracted substantially by virtue of opponents trying hard to not accept any responsibility for their actions and not return the pension fund. PCC kept me fully informed throughout the process, obtained an excellent result for me.They also kept chasing the opponent when little action was taking place from them. The staff were always pleasant and helpful to deal with and very encouraging when I felt my claim was doomed to failure. I can not praise highly enough
Paul Wilshaw
2023-10-17
Very professional and informative from the beginning of our 5 year relationship. They talked me through every step of the process with what to expect. I would recommend Pension Claim Consulting to anyone who wants an honest and professional service.
Bill Cass
2023-10-16
Great team and they will get the best outcome they can always kept informed the process took a longtime not because of anything pension claims consulting did purely the pension sip provider playing games i would 110% recommend this company to pursue your claim without doubt best thing i have done they didn't give up on my claim even though I had given up on any good outcome however finally resolved and paid thank you pension claim consulting
Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

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 Services Compensation Scheme, whichever is applicable to your claim.