Did you transfer your British Coal pension?
Considering a claim for a British Coal pension transfer? Start here for a free, no-obligation chat to explore your compensation options.
We’ll have a specialist call you back for a no obligation chat about your financial claim
Final salary pensions are a scheme provided by businesses, which takes a portion of your final salary or an average of your salary, based on the length of time you were at the company, offering you a guaranteed income.
Despite British Coals collapse in the 1990’s, many people still benefit from the scheme they set up for their employees. That being said, there were some who were advised and mis-sold on transferring their final salary pension, in favor of other alternatives, that they may not have been fully informed of. Do you suspect that you were mis-sold a final salary pension transfer by your financial advisor? If so the below information may be helpful.
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We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.
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British Coal final salary pension transfer claims
Have you had advice to transfer your final salary pension and are now unsure of your situation? Some of the reasons highlighted below have given Spencer Churchill Claims Advice cause for concern, and you may be eligible to claim:
- The representative did not perform due diligence in regards to your existing pension plan.
- You were not made aware of any transfer fees.
- You were not made aware of the risks involved with transferring
- You were guaranteed performance-based returns.
- You were enticed to take a tax-free lump sum
- Your income has decreased over time
- You have not been clearly informed that the amount ultimately received may be less than initially stipulated.
If any of the above apply to you, or you have any further concerns, you may be eligible to make a mis-sold pension transfer claim.
Make a mis-sold pension claim
Fill in the form below and one of our team will be in touch for a free, friendly, no-obligation chat to assess your situation.
We’ll go through your options, your rights to making a claim and discuss how we can move forward. And don’t worry, this a free assessment and we don’t take any up-front costs.
Who are British Coal?
Originally formed in 1946, British Coal was primarily involved in the extraction and purification of coal deposits found throughout the United Kingdom. As the population was more reliant on this type of fuel at the time, British Coal was a large firm, but, as of 26th January 1997, the company formally ceased all operations. However, many ex-miners may still have been mis-sold final salary schemes in the past.
Can you claim for British Coal mis-selling compensation?
If you had a mis-sold final salary pension transfer from British Coal, by being advised to transfer away from the scheme by a financial advisor, and you feel like they have not conducted the necessary research, or were contacted by a third-party urging/advising you to transfer your final salary pension away from British Coal. Then you could be eligible to make a claim.
British Coal Complaints
You can speak to one of the specialist consultants at Spencer Churchill Claims Advice, who will be happy to take you through our free, no-obligation consultation, so we can discuss your options.
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.
Have you been a victim of financial mis-selling?
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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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
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