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Home / Mis-Sold Pensions / Final Salary Pension Transfer Claims / Nestle UK Pension Fund Transfers

Did you transfer a Nestle UK defined benefit 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!

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.

NESTLE UK PENSION SCHEMES

While Nestle’s DB Core and DB CorePlus pensions are now closed to new members, they were both Career Average pensions – a type of Defined Benefits pension scheme that means that those that retire on the scheme are promised a guaranteed income in retirement.

That’s a promise to pay scheme members NOT to come to work one day – sound good?

Pensions like these are pretty rare these days, especially in the private sector, as they are generally expensive for employers to run due to the high promises.

Even though scheme members don’t have to pay annual upkeep charges to keep the scheme going, they are protected up to 90% by the Pension Protection Fund too, making defined benefits schemes like the Nestle UK pension fund some the safest around.

TRANSFERS AWAY FROM THE NESTLE UK PENSION FUND

Despite the huge plus-points awarded to defined benefits schemes like these, some people still transfer away from Career Average pensions.

Some of them may have good reason to; in certain (thankfully rare) situations, it may be beneficial to transfer, such as long-term sickness, a shortened life expectancy, or not having a spouse or dependants to worry about.

But many people may have been persuaded to transfer away from Nestle’s pension scheme for the wrong reasons, or given unrealistic or inflated ideas about how much money they can generate by transferring.

Some of the advice people have received may have been negligent, not following the FCA’s rules and regulations in order to ensure the suitability of a pension transfer, ensuring it is truly in a person’s best interests.

CAN YOU MAKE A CLAIM?

If you transferred your UK Nestle defined benefits pension, then you may have been mis-sold.

Defined benefits pension transfers are rarely considered to be suitable, and it could be that you have exposed your pension to risks you weren’t expecting, and lost benefits you were not fully aware of.

To find out if you can make a claim for a mis-sold pension transfer, contact the team at Get Claims Advice for a free initial assessment.

Speak with a Claims Handler

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!

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:

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
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.
High net worth individual
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.

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Can you make a claim?

We’ve recovered £million for our clients. Fill out your contact info below and we’ll be in touch at the best time for you

NO OBLIGATION & 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.

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