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Final Salary Pension Transfer Scandal: How One War Veteran Rescued His Retirement

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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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Manufacturing Final Salary Pension

Did you transfer a final salary pension thinking you would get more in retirement?

Allan (58) was persuaded by a financial adviser to transfer his pensions back in 2013 – a move that included transferring a valuable and hard-earned Armed Forces pension. But Allan’s adviser did not make him fully aware of the benefits he would be losing by transferring, or that he would be risking his retirement. The advice Allan received caused him to lose thousands, putting his future retirement plans in doubt.

Spencer Churchill Claims Advice has recovered over £Millions* on behalf of its clients from mis-sold pensions, and each claim started with a free, no obligation chat to help figure out whether they were mis-sold. If you transferred a final salary or other type of defined benefits pension you may be losing money, even if the new pension appears to be growing for now.

Book your free chat today and we will be in touch at the most convenient time for you.

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Final Salary Pension Transfer Scandal

Thousands still unaware

Allan isn’t alone either, with thousands yet to realise they have taken bad advice and may have lost money. Hard-working people with valuable final salary pensions have been targeted for years, and persuaded to make transfers that often lose them money in the end. Most people don’t realise the potential loss they may have suffered when they transferred, as their new pension statements don’t show what’s been given up. The UK regulator is stamping out the bad practices, but what about the thousands of people that may still be out there?

Pension rescued

Allan rescued his retirement with Spencer Churchill Claims Advice – specialists in pension mis-selling – who made his claim, which was awarded tens of thousands in compensation. He now enjoys regular holidays abroad.

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.
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Have you been a victim of financial mis-selling?

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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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