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Many people may have been persuaded to move away from the Transport For London pension fund, despite the many valuable benefits that it offered.
In some cases, this will have been a suitable decision, although these situation are rare (often because of a shortened life expectancy, with no dependents or spouse).
This is because TfL Pensions, like many other defined benefits pensions, are considered to be some of the safest around!
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.
Can you claim for a mis-sold Pension Transfer?
If you transferred your pension away from Transport for London, then you may have given up more benefits than was suitable for you, and may have taken negligent financial advice you can make a claim for.
To find out, contact the team of case handlers at Spencer Churchill Claims Advice for a FREE Initial assessment to see if you can make a claim on a no upfront cost basis.
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!
Why are Defined Benefits Pensions considered good?
Good is often an understatement when it comes to final salary or career average pensions.
Defined Benefits schemes like these promise a guaranteed income in retirement – not something to be shrugged off when it comes to retirement planning. All the risks sits with the trustees at TfL, and pensions like these offer peace of mind in the form of death benefits: paying out a proportion of the pension to a spouse should the scheme member die before drawing on it.
Why do people transfer?
While a handful of people may receive advice to transfer their Transport For London defined benefit pension that really is in their best interests, many people are persuaded to transfer such pensions for the wrong reasons.
Many marketing companies and financial advisers (who often stand to earn huge fees and commissions by persuading people to transfer) will often promise more money in retirement if people transfer, often to selected pension schemes and investments.
Sadly, it is not unheard of for people to wipe out their pension by transferring.
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.
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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?
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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