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 solicitors 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
If you believe you have been mis-sold your final salary pension transfer or received bad financial advice to transfer out of your final salary pension, then our team of helpful solicitors can help to assess your claim and help you to claim back the compensation you deserve. Regulated by the SRA (Solicitors Regulation Authority), Gordon Hoffman offers a No Win-No Fee service, meaning if there is no claim or the claim is unsuccessful, you pay nothing.
We are an SRA (Solicitors Regulation Authority) regulated company, offering a No Win - No Fee Service. One of our helpful advisors is ready to help you claim back your money!
Gordon Hoffman Limited is Authorised and regulated by the Solicitors Regulation Authority SRA Number 835136. Gordon Hoffman Limited is registered in England and Wales company number 13696365. The Registered office is Units C & D Jubilee Park, Hanson Close, Middleton, M24 2UH.
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