A Final Salary Pension – also referred to as a defined benefit pension – can come with valuable benefits, mainly the guarantee of an income for life. This type of pension is when your employer looks at your final salary and, based on your last known pay, offers a figure to move across to a new pension product. However, if you were advised to transfer out of a Final Salary Pension scheme or not advised of the risks in doing so, you may have a claim for compensation.
Ultimately by transferring your final salary pension you lose guaranteed benefits, as well as the risk of losing the money in your pension pot, putting your stable retirement at risk!
A final salary pension transfer claim gives you the chance to claim for the amount you have lost plus interest, due to the mis-selling of your transfer. Even if it looks like your pension is growing since you transferred it, you may still have lost money due to the negligent transfer, and the potential loss of your guaranteed income for life.
The Financial Ombudsman reported a 35% increase in Defined Benefit Pension Transfer complaints from October to December 2019 compared to the previous year. Our experts could help you become one of the many people claiming thousands for mis-sold final salary transfers!
Armed Forces Pensions
BAE Systems Pensions
Barclays Pension Scheme
British Airways Pension
British Steel Pension Scheme
BP Pension Scheme
BT Pension Scheme
Electricity Supply Pension Scheme
Greater Manchester Pension Fund
Jaguar Land Rover Pension
Local Authority Pension Scheme
Marks & Spencer’s Pensions
Welsh Water Pension Scheme
British Coal Pension Scheme
Electricity Pension Schemes
Merseyside Pension Fund
Mineworkers Pension Scheme
Nestle Pension Fund
NHS Pension Transfers
Police Pension Schemes
Railway Pensions
Royal Mail / Post Office
Pension Scheme
Strathclyde Pension Fund
Teacher’s Pension
Tobacco Company Pension
Transport for London
Universities Superannuation Scheme
West Midlands Metropolitan Pension
West Yorkshire Pension Fund
We are an FCA (Financial Conduct Authority) regulated company, offering a No Win - No Fee Service, meaning there is no risk involved. One of our helpful advisors is ready to help you claim back your money today!
Reclaim My Money Limited is Authorised and regulated by the Financial Conduct Authority in respect of regulated Claims Management Activity FRN: 934965. Registered under the Data Protection Act 2018, Reference ZA784102. Reclaim My Money Limited is registered in England and Wales company number 12838621. Jactin House, 24 Hood Street, Ancoats, Manchester, M4 6WXYou are under no obligation to make a claim using a Claims Management Company. You can make a complaint to the Service Provider then The Financial Ombudsman Service or Financial Services Compensation Scheme as appropriate, without using our services and without paying a fee. The FSCS compensation limit is £85,000. The FOS can award up to £350,000 In the event of a successful pension or investment claim, Reclaim My Money will take a fee variable to total redress as set out by the FCA (15% - 30% + VAT) See our Terms & Conditions for more information. In the event of cancellation outside of the initial 14 day cooling-off period we reserve the right to charge a fee in line with our terms and conditions.
Reclaim My Money are a claims management company. You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.
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