BT pension transfer claims
We’ll have a specialist call you back for a no-obligation chat about your financial claim
The news in March 2018 that BT was shuttering its Final Salary Pension Scheme (BTPS) was unlikely to be welcome news for pension scheme members, but did you know that leaving any sort of Defined Benefit pension scheme is rarely the right choice?
Defined Benefits and Final Salary pension schemes are rare these days because of how much they cost to operate – indeed, in Jan 2018 it was reported that BTPS potentially had a £14bn deficit.
But regardless of the “culture of fear” that’s been developing around many Final Salary schemes, they are still some of the safest pension schemes around, practically guaranteeing an income in retirement that keeps pace with inflation, and come with numerous benefits not easily replaced.
Let’s rewrite your financial story
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
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.
We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.
Transferring a BT final salary pension
While news of deficits can be concerning, the risk and responsibility of running the BT final salary and DB pension schemes always rested with the trustees, not the pension holders.
If you transferred your pension away from BT, that risk then falls on your own shoulders, and your pension could be at the mercy of the markets. If you took particularly bad financial advice, that level of risk could be too much for you to undertake.
The FCA believes that less than 50% of the transfers from DB schemes were actually suitable for the pension holder, meaning you could have been mis-sold your final salary pension transfer.
Mis-sold pension transfer claims
If you transferred your BT pension away, then it could be worth checking to see if you can make a claim.
Spencer Churchill Claims Advice are specialists in mis-sold pension claims, and are no strangers to claims for final salary pension transfers, always working on a no upfront costs basis for our clients.
Just get in touch for a FREE Initial Assessment to see if you can make a claim.
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
Have a question about pension transfer?
Ask us any question about your situation and we’ll be in touch at the best time for you – COMPLETELY FREE!
Ready to make a claim?
Think you’ve been mis-sold your British Steel pension transfer? Click below to take the first step to making a claim.
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.
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.
Spencer Churchill Claims Advice featured on:
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
How does our claims process work?
With millions of mis-sold pensions reported, it’s worth finding out if you can get your money back. Here’s how our simple process works:
What types of claims do we handle?
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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Thursday: 8.00am–6.00pm
Friday: Office Closed