CALL TODAY - 0114 266 4216

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.

Robert Pemberton
Antony Stroud
Excellent company, would definitely use again, they never gave up
Junior Geener
always kept you informed has to what was going on .I'd recommend pension claim to anybody
Ian Gaynor
A thoroughly positive result and experience. In all honesty I didn't have much hope of any success following a truly dodgy pension investment. I spent years angry at myself then decided to let these guys have a go on my behalf. It took hardy any effort on my part and they kept me fully informed, then out of the blue I got a call saying they have won all my pension back plus more and within days it hit my account. Thrilled with their effort and professionalism. I dealt with a few different staff and all were informative, polite and helpful. I great end to a terrible situation. 100% genuine review and I cannot recommend them enough. Thank you.
Grace Anderson
Pension Claim Consulting were a Godsend. I was told about them by a friend who had also invested in a pension. They kept me informed on the progress of my claim with regular updates and answered my queries with patience and professionalism. There percentage for on behalf was also lower than expected. I can't thank them enough
adrian buck
Keith Wilkins
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
Mark Holmes
Excellent service. Great result.
michael dixon
I was approached by Pension Claim Consulting after the company that was handle ing my SIPP had been investigated by the Financial Ombudsmen and informed me i had a case, with this information given to me i agreed to let them represent me in trying to reclaim my investment. All through the process i was informed of every step and on a regular basis even though it took many months the outcome was successful and i was reimbursed fully. This is a fantastic company to work with and dedicated staff who know their business. Many Thanks. Mike Dixon.
Roderick Turnbull
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.