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Mis-sold Ford Final Salary Pension Claims

Final salary pensions are great, they are a scheme provided by businesses, which takes a portion of your final salary or an average of your salary, based on the length of time you were at the company, offering you a guaranteed income which grows in-line with inflation, with no investment risk, which you begin to receive from when you enter retirement.

Unfortunately, there are some that have sought financial advice and have been persuaded or pressured into transferring their guaranteed income, for a lump sum and investment in services that pose some inherent risk, without being made aware of the impact it can make on them in the long-term.

Do you suspect that you were mis-sold a final salary pensions transfer by your financial advisor? If so the below information may be helpful.

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Can You Make a Mis-sold Ford Final Salary pension Claim?

Have you had advice to transfer your final salary pension and are now unsure of your situation? Some of the reasons highlighted below have given Get Claims Advice cause for concern, and you may be eligible to claim: 

  • The representative did not perform due diligence in regards to your existing pension plan.
  • You were not made aware of any transfer fees.
  • You were not made aware of the risks involved with transferring
  • You were guaranteed performance-based returns.
  • You were enticed to take a tax-free lump sum
  • Your income has decreased over time
  • You have not been clearly informed that the amount ultimately received may be less than initially stipulated.

If any of the above apply to you, or you have any further concerns, you may be eligible to make a claim.

Who are Ford?

Ford is one of the most recognised brands in the world. Founded in 1903 as Ford Motor Company, this firm currently employs more than 190,000 workers.

According to figures compiled in 2019, Ford enjoyed an annual revenue stream of $155.9 billion dollars..

 

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Ford Mis-Sold Pension Compensation

If you had a mis-sold final salary pension transfer, by being advised to transfer away from the scheme provided by Ford by a financial advisor, and you feel like they have not conducted the necessary research, or were contacted by a third-party urging/advising you to transfer your final salary pension away from Ford. Then you could be eligible to make a claim. 

 

Ford Complaints

You can make a claim yourself for free by putting your concerns to the company first. You can also use the services of the Financial Ombudsman Service and the Financial Services Compensation Scheme if it falls in their remit. 

Alternatively, you can speak to one of specialist consultants at Get Claims Advice, who will be happy to take you through our free, no-obligation consultation, so we can discuss your options.

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