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BAE Systems Pension Transfer Claims

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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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.

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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.

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

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:

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