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Home / Mis-Sold Pensions / Final Salary Pension Transfer Claims / Transport For London TFL pension fund

Transfer claims for moving from the Transport For London TFL pension fund

Moving your pension could have been a mistake…

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.

SHOULD PEOPLE HAVE MOVED FROM THE TFL PENSION FUND?

Many people may have been persuaded to move away from the Transport For London pension fund, despite the many valuable benefits that it offered.

In some cases, this will have been a suitable decision, although these situation are rare (often because of a shortened life expectancy, with no dependents or spouse).

This is because TfL Pensions, like many other defined benefits pensions, are considered to be some of the safest around!

WHY ARE DEFINED BENEFITS PENSIONS CONSIDERED GOOD?

Good is often an understatement when it comes to final salary or career average pensions.

Defined Benefits schemes like these promise a guaranteed income in retirement – not something to be shrugged off when it comes to retirement planning. All the risks sits with the trustees at TfL, and pensions like these offer peace of mind in the form of death benefits: paying out a proportion of the pension to a spouse should the scheme member die before drawing on it.

WHY DO PEOPLE TRANSFER?

While a handful of people may receive advice to transfer their Transport For London defined benefit pension that really is in their best interests, many people are persuaded to transfer such pensions for the wrong reasons.

Many marketing companies and financial advisers (who often stand to earn huge fees and commissions by persuading people to transfer) will often promise more money in retirement if people transfer, often to selected pension schemes and investments.

Sadly, it is not unheard of for people to wipe out their pension by transferring.

CAN YOU CLAIM FOR A MIS-SOLD PENSION TRANSFER?

If you transferred your pension away from Transport for London, then you may have given up more benefits than was suitable for you, and may have taken negligent financial advice you can make a claim for.

To find out, contact the team of case handlers at Get Claims Advice for a FREE Initial assessment to see if you can make a claim on a No Win – No Fee* basis.

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 Final Salary Claims.

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Ready to make a claim?

Think you’ve been mis-sold your British Steel 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:

Speak with a Claims Handler
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
INFLATION Defined Benefits pensions tend to keep pace with inflation, meaning no matter what happens to the economy, you’re retirement income is better protected.
High net worth individual
DEATH 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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