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Teacher’s Pension Transfer Claims

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Giving up or opting out of a Teacher’s pension is not usually a great idea except in certain circumstances, especially if that pension is a rare and valuable Final Salary Pension.

Even if it’s not, many teacher’s pensions are gold-plated Defined Benefits pensions: pensions that are recognised for their desirable qualities such as a more secure income in retirement – one that keeps pace with inflation.

If you were persuaded to transfer your teacher’s pension then you may have received negligent financial advice, and may be able to make a claim for the loss of benefitsmoney and potential risk you have more than likely exposed your retirement fund to.

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Why Would The Advice Be Wrong?

Generally, this comes down to risking what you’ve got for not much gain. While you may have received a temptingly high transfer valuation (the value of your pension if you transferred it), this may still be much less than what your Teacher’s Pension might be worth in retirement if you had left it where it was.

What’s more, is many Teacher’s final salary schemes come with excellent death benefits, such as supplying your spouse with a large share of your pension should you pass away earlier than expected.

Final salary pensions are index-linked too, which means what you’ll get in the future when you come to draw it will be increased inline with inflation, meaning you’ll be getting more bang for your buck by staying in.

Last, but no means least, all the risk and responsibility of running the pension scheme rests on the shoulders of the local councils that fund the schemes, not you.

By transferring to a personal pension, you’re on your own. 

CAN YOU MAKE A CLAIM?

Maybe! If you’ve transferred your final salary pension away and are now having doubts about whether it was the right move, then we want to hear from you.

Our specialist case handlers can run through a FREE Initial Assessment to check for signs of a mis-sold pension.

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!

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Ready To Make A Claim?

Think you’ve been mis-sold your 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.

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:

  • The Herald
  • Southern Daily Echo
  • Manchester Evening News
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Regulated Solicitors Regulation Authority

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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