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Home / Mis-Sold Pensions / Final Salary Pension Transfer Claims / Was your transfer from the Strathclyde pension fund the right decision?

Did negligent pension advice cause your transfer from the Strathclyde pension fund pension scheme?

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.

BACKGROUND TO THE STRATHCLYDE PENSION FUND

The Strathclyde pension fund is a Scottish defined benefits retirement scheme, for which many Scottish-based employers are signed up for, including many local councils and many other public institutions.

Depending on when scheme members joined the Strathclyde pension fund, some may be entitled to rare and extremely valuable ‘Final Salary’ pensions, which promise a guaranteed income in retirement based on the salary they finish their career on.

WHY ARE FINAL SALARY PENSIONS VALUABLE?

Not just valuable, but pretty rare these days! Many final salary pension schemes are now closed to new members because they promise so much to scheme members.

While private pensions are often not guaranteed and expose the retirement fund to a comparatively large amount of risk, final salary schemes are guaranteed to pay out right through retirement. Index linked, they also come with many benefits such as death-in-service benefits that may pay out to a spouse if the scheme members dies before drawing on it.

Transferring a final salary pension away from a scheme like the Strathclyde pension fund is rarely considered to be a good idea if the financial adviser is following the rules, set out by the FCA, which say that there are only certain circumstances where such a move would be suitable.

WHAT IF YOU TRANSFERRED A STRATHCLYDE FINAL SALARY PENSION?

If you were persuaded by a financial adviser that a final salary pension transfer was the right decision for you, then you may have been mis-sold.

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

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.

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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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Have a question about pension transfers?

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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