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BAE Systems Pension Transfer Claims

Affected by a BAE Systems pension transfer? Our guide provides clear steps for pursuing compensation.

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BAE Systems are a world-leading producer of innovative areospace hardware, but if you worked there, you already know that.

But did you know that they also have some of the most valuable pension schemes around, including super-rare final salary schemes with a defined benefit.

If you were persuaded to transfer your BAE Systems pension scheme away, then you may have been mis-sold your pension, and could be able to make a claim.

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If you transferred your UK Military Pension, you may be able to claim. Speak with a specialist for free to discuss your options.

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Why Are BAE Systems Pension So Valuable?

Defined benefits pensions and Final Salary schemes are getting rarer and rarer these days. Both are defined by how much you receive in retirement, rather than by how much you pay into them.

At the top end of the value scale, Final Salary Pensions offer a practically guaranteed income in retirement (not something personal/private pensions always do), often coming with other benefits people might struggle to find in a normal scheme.

In a 2017 publication, the financial watchdogs at the FCA said that less than 50% of the transfers they examined were considered “suitable” for the pension holder, meaning that 1in2 people who transferred their pension may have been mis-sold a final salary pension transfer.

Did You Transfer Your BAE Systems Pension?

If you transferred your pension away from BAE Systems and want to know if you can make a claim, you can get in touch with the team at Spencer Churchill Claims Advice for a FREE Initial assessment.

It’s just a chat over the phone with somebody experienced, who can take a few details about the way in which your transfer happened, to test for signs of mis-selling.

If found, you may be able to make a claim with no upfront costs, leaving all the investigative and paper work to the team of specialists at Spencer Churchill Claims Advice.

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Please note: No Win – No Fee*: Successful claims made through Spencer Churchill Claims Advice are subject to the Success Fee, charged as per your terms of business and engagement letter of any monies awarded to the claim. Clients have a 14 day “Cooling-Off” period during which time they may cancel at any time without charge. After this time, cancellation will result in the application of the Cancellation Fee.

*Figures calculated before deduction of Success Fee and taxes

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Can You Claim For A Mis-Sold Final Salary Pension Transfer?

If you’ve transferred a BAE Systems Final Salary pension, then you may have lost money in the long run, may have been mis-sold, and may be able to make a claim.

Spencer Churchill Claims Advice offer a FREE initial assessment to test your case for signs of pension mis-selling, to see if you can make a claim.

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What Makes A Pension Transfer Mis-Sold?

Moving a final salary or other defined benefit pension is rarely advisable, except in certain situations. While moving your pension may earn your adviser big fees and commissions, you may lose more than you hoped:

Do you know how people complained about mis-sold investments and pensions in the last year?

A lot. Over twenty thousand complaints were made about mis-sold pensions and investments in 2020/21, a figure which had doubled since the year before.. It’s no secret how serious this problem is, and it just seems to keep getting worse.

People receive poor financial advice every day. Sometimes they don’t even realise that they’re owed whopping amounts of compensation.
Free Initial Assessment: No-Obligation Chat

Have you been a victim of financial mis-selling?

Answer a few questions and find out if you have good grounds to make a financial compensation claim:

Step 1 of 6

Were you told to invest all, or most, of your savings into a single product?

Reaching out for help is never easy,
especially if you’ve been misled in the past.

But getting in touch with us won’t commit you to anything. We want to toss you a lifeboat and guide you through the choppy waters of the financial ocean, not leave you struggling to stay afloat. Our experts are here to offer advice and support on financial claims. We know what we’re doing and you can trust that if you’ve got questions, we’ve got answers.

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Spencer Churchill Claims Advice featured on:

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Spencer Churchill Claims Advice Will:

  • Speak to you in plain English
  • Provide you with a dedicated claims specialist
  • Pay attention to the small details of your case
  • Keep you up to date with the status of your claim
  • Make sure you understand our charges
  • Do absolutely everything we can to win your claim

Find out how much you could claim today

Ready to take the next step? We’re here with clear, no-pressure advice. Give us a call today to find out if you have a valid claim

Call: 01204929929

Office hours:

Monday: 8:00am–6:00pm
Tuesday: 8:00am–6.00pm
Wednesday: 8:00am–6:00pm
Thursday: 8.00am–6.00pm
Friday: Office Closed

Find out how much you could claim. Fill in the form, and we’ll get back to you with free, no-obligation advice.
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