Final salary pensions like your NHS scheme are often seen as ‘gold plated’ pension deals.
This is because final salary pensions give you a guaranteed income when you come to retire, which often rises with inflation each year and pays attractive death benefits (such as a pension to your surviving spouse).
These kind of deals are really expensive to replicate if you have a defined contribution pension, which sees you save into a ‘pot’ which is invested and then you decide how to take an income from it.
A recent freedom of information request by the Health Service Journal found that almost a quarter of a million NHS staff (245,561) opted out of the NHS pension scheme in the past three years.
While there are some circumstances in which an NHS Pension transfer might be considered suitable, many transfers will have been unsuitable and unfortunately, this negligent advice may have left pension holder worse off.
We can look into the circumstances that lead to your NHS Pension Transfer free of charge for you, you will only pay a fee if we are successful in helping you win compensation.