Did you transfer a Jaguar Land Rover Pension?

You may be able to make a claim – contact our team!

You may have been mis-sold. Fill out your contact info below and we’ll be in touch at the best time for you
NO OBLIGATION & COMPLETELY FREE!

JEEP final salary pension
JAGUAR LAND ROVER PENSION SCHEMES

Jaguar Land Rover, which formed back in 2008 when the two famous car brands merged, remains an iconic UK brand, that rewards many of it’s past and present employees with a Defined Benefits pension scheme through the Jaguar Land Rover pensions schemes – a promise of a guaranteed income in retirement, based on their salary.

Not only that, but defined benefits pensions cost nothing for scheme members to run, are protected up to 90% of their value by the PPF. They also often come with valuable Death In Service benefits too, which may pay out as much as 50% to a spouse if the scheme member dies before they retire.

Considered ‘Gold Plated’ pensions, defined benefits pensions should only be transferred in certain fairly rare circumstances, as doing so will almost certainly expose the pension to more risk than would be suitable, and the irrevocable loss of benefits.

But despite these benefits, many people are persuaded to transfer their defined benefits pension, and often, this is down to negligent pension advice.

LEAVING THE JAGUAR LAND ROVER DEFINED BENEFITS PENSION SCHEMES

If you’ve left either the Jaguar defined benefit scheme, or the Land Rover defined benefit scheme, then you may want to review the advice you received to see if it was truly right for you.

The FCA, that makes the rules about transferring from defined benefits pensions such as these, says that financial advisers should start from the assumption that a transfer is the wrong decision, and to PROVE that it isn’t on a case by case basis in order to make the recommendation.

This is because any transfer of a final salary or career average pension is going to expose that retirement fund to risk, usually more than most people should be undertaking considering the relatively safety of the original pension.

Over the past few years, many financial advisers have been quizzed about the pension transfer advice they have been given, and others have had their ability to give advice suspended or taken away.

QUESTIONING YOUR TRANSFER ADVICE

If you transferred your Jaguar Land Rover pension on the advice of a financial adviser, after a free pension review, or after feeling pressured to do so, then you may have been mis-sold.

While many people will have been told they can get more money in retirement by transferring, this may not be the case, as recent studies have shown.

Defined benefits transfers put pensions at risk. Find out if you can make a claim with a FREE initial assessment with the team at Get Claims Advice Ltd.

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 defined benefit claims.

VIEW EXAMPLE

Ready to make a claim?

Think you’ve been mis-sold your pension transfer? Click below to take the first step to making a claim

MAKE A CLAIM

Have a question about pension transfer?

Ask us any question about your situation and we’ll be in touch at the best time for you – COMPLETELY FREE!

  • 1
  • 2

Ask anything about your investment, advisor, or so on...

Your question

And just so we can get back to you...

Number we should get back to you on

Your Name

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:

  • null

    INCOME IN RETIREMENT

    Final Salary & other defined benefits pensions practically guarantee you an income in retirement. Does your new pension do that? Doubtful…

  • null

    INDEX LINKED

    Defined Benefits pensions are index-linked, in order to help them keep pace with inflation. Just one more reason why Defined Benefits are considered to be some of the most valuable pensions around.

  • null

    DEATH IN SERVICE BENEFITS

    These types of pensions usually end up with your partner or children if you die early. Many personal pensions give no-such benefits.

Be the first to hear any updates

Give our Facebook page a like using the button below to stay up to date with all our news regarding investments and advisors!