Did you transfer a Local Authority pension?
Many people who worked for their local council were awarded valuable Defined Benefits pensions, but some were later persuaded to transfer. Did you know…?
- People who transfer final salary pensions up to 10 years before they retire may lose as much as 50% of their total pension value?*
- Defined benefits pensions like these come with valuable benefits that may be impossible to replace with a personal pension?
- That less than 50% of the pension transfer advice reviewed by the FCA was found to be suitable for the individual*
Did you also know, that if you transferred a local council of government defined benefits pension then you may be able to make a claim?