DEFINED BENEFIT PENSION TRANSFER CLAIMS

Many people within these Defined Benefit pensions have been advised to transfer out despite the clear advantages that these schemes provide. Often this mis-selling begins with a phone call out of the blue. The person on the other end of the line will tell you about a fantastic, once in a lifetime opportunity. Not only will the supposed returns sound attractive but these firms will often promise to guarantee those returns for the first couple of years. Investors may also be invited to attend seminars, where they are convinced that they are dealing with experts who understand these investments and are being presented with a legitimate opportunity, or even invited abroad to visit building sites.

If you are concerned about bad advice to transfer your Defined Benefit pension scheme, then it may be possible to pursue a compensation claim against the advisors. You should contact Birch Law as soon as possible. We will be able to handle the whole claims process for you and will be available to advise on the available routes for compensation.

Time is of the essence when it comes to raising these complaints as there are strict time limits in place. Generally speaking, you have six years to claim from the date of your pension transfer. However, if you are outside this period, it may still be possible to make a complaint if it is less than three years since you knew or could reasonably have known that you had cause for complaint.

We have set out below a non-exhaustive list of defined benefit schemes that we have come across. They include Coal Miners Pensions; P&O Ferries Pensions; British Steel Pensions; Railway Workers Pensions; British Telecom Pensions; NHS Pensions; Dock Worker Pensions; Local Authority Pensions; Civil Service Pensions; Teachers Pensions; Armed Forces Pensions; Emergency Services Pensions; Rolls Royce Pensions; Jaguar Land Rover Pensions; Transport for London Pensions; Barclays Bank Pensions.