Concerned about pension transfer advice?
Expert solicitors with experience in pension transfer claims
Our team have recently been featured in a number of publications, including Professional Adviser and New Model Adviser, following their instruction by a group of steelworks seeking to reclaim their pensions after the liquidation of Active Wealth.
Our pension transfer specialists will provide you with all the expert legal advice you need with a no obligation, no win no fee service. To discuss your pension transfer claim with us, please
One of our solicitors will call you as soon as possible. We understand this is a stressful time and will ensure that your situation is assessed as quickly as possible so that you can be advised of your options going forward.
You’ll have choices about our fees:
- we can agree that you pay nothing upfront and only pay us if you get compensation (no win no fee); or
- you can pay an upfront fixed fee.
How to spot poor advice and what to do about it
The financial services sector regulator, the FCA, has long been concerned about the potential detriment to consumers caused by transferring their pensions from Defined Benefit (final salary) pensions provided by their employers, to personal pensions. In a final salary pension scheme, the employer carries the risk of ensuring that the investments in the pension pot grow sufficiently to pay the worker an income when he has retired. In a personal pension (whether invested via a self-invested personal pension (SIPP) or a money purchase scheme), the worker carries that risk and, if the investment does not grow sufficiently, then he will have a smaller pot to fund his retirement.
This has been recently highlighted in the press where many British Steel worker’s pensions were transferred into self-invested personal pensions and, from there, into potentially inappropriate investments. Philippa Hann and a team of specialist financial services litigators from Clarke Willmott act for a number of these workers and would be delighted to speak to any others who are concerned that they may have been mis-sold a transfer of their TATA or British Steel Pension.