Did you transfer your BAE Systems pension away?
BAE final salary pension transfer claims explained
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.
If you were persuaded to transfer your BAE Systems pension scheme away, then you may have been mis-sold, and could be able to make a claim.
WHY ARE BAE SYSTEMS PENSIONS 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.
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.
Did you know, we’re specialists in mis-sold pension transfers?
If you needed any more reason to choose Get Claims Advice, we’re experienced with defined benefit claims.
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Think you’ve been mis-sold your pension transfer? Click below to take the first step to making a claim
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