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Home / Mis-Sold Pensions / Final Salary Pension Transfer Claims / BAE Systems Final Salary Pension Transfers

BAE Systems Pension Transfer Claims

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You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

BAE Systems Pension Scheme Transfers

BAE Systems are a world-leading producer of innovative areospace hardware, but if you worked there, you already know that.

But did you know that they also have some of the most valuable pension schemes around, including super-rare final salary schemes with a defined benefit.

If you were persuaded to transfer your BAE Systems pension scheme away, then you may have been mis-sold your pension, and could be able to make a claim.

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Why are BAE Systems pension so valuable?

Defined benefits pensions and Final Salary schemes are getting rarer and rarer these days. Both are defined by how much you receive in retirement, rather than by how much you pay into them.

At the top end of the value scale, Final Salary Pensions offer a practically guaranteed income in retirement (not something personal/private pensions always do), often coming with other benefits people might struggle to find in a normal scheme.

In a 2017 publication, the financial watchdogs at the FCA said that less than 50% of the transfers they examined were considered “suitable” for the pension holder, meaning that 1in2 people who transferred their pension may have been mis-sold a final salary pension transfer.

Speak with a specialist claims handler today

If you transferred your UK Military Pension, you may be able to claim. Speak with a specialist for free to discuss your options.

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

Did you transfer your BAE Systems pension?

If you transferred your pension away from BAE Systems and want to know if you can make a claim, you can get in touch with the team at Get Claims Advice Ltd for a FREE Initial assessment.

It’s just a chat over the phone with somebody experienced, who can take a few details about the way in which your transfer happened, to test for signs of mis-selling.

If found, you may be able to make a claim on a No Win – No Fee* basis, leaving all the investigative and paper work to the team of specialists at Get Claims Advice Ltd.

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Can you claim for a mis-sold final salary pension transfer?

If you’ve transferred a BAE Systems Final Salary pension, then you may have lost money in the long run, may have been mis-sold, and may be able to make a claim.

Get Claims Advice Ltd offer a FREE initial assessment to test your case for signs of pension mis-selling, to see if you can make a No Win – No Fee* claim.

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Did you know, we’re specialists in mis-sold pension transfer claims?

If you needed any more reason to choose Get Claims Advice, we’re experienced with Final Salary Claims. Use the button below to see an example of a real life successful claim we have made on behalf of one of our clients

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Ready to start your claim?

Let’s discuss your options with one of our specialists – COMPLETELY FREE!

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

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:

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a Sophisticated investor
INCOME IN RETIREMENT Final Salary & other defined benefits pensions practically guarantee you an income in retirement. Does your new pension do that? Doubtful…
Compensation
INFLATION Defined Benefits pensions tend to keep pace with inflation, meaning no matter what happens to the economy, you’re retirement income is better protected.
High net worth individual
DEATH BENEFITS These types of pensions usually end up with your partner or children if you die early. Many personal pensions give no-such benefits.

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