Did you work for a high-street brand or supermarket? Did you move your pension?
Sometimes when you move businesses, you could be tempted to move your company pension into a private scheme.
But did you know…?
- People who transfer final salary pensions up to 10 years before they retire may lose as much as 50% of their total pension value?*
- Defined benefits pensions like these come with valuable benefits that may be impossible to replace with a personal pension?
- That less than 50% of the pension transfer advice reviewed by the FCA was found to be suitable for the individual?*
Did you also know, that if you transferred a defined benefits pension from a brand like John Lewis, Tescos, or Sainsbury’s then you may be able to make a claim?