MIS-SOLD FINAL SALARY PENSION?
• There are approximately £10 billion worth of mis-sold pensions in the UK.
• Have you transferred your Final Salary Pension to A Personal Pension?
• In a recent study by the FCA (Financial Conduct Authority), less than 50% of final salary transfers were said to be suitable and approximately 1700 firms are currently under investigation
What Is a Mis-sold Final Salary Pension and How Does a Claim Work?
A mis-sold final salary pension involves an individual transferring from a defined benefit pension to a new pension product. If you recently transferred a defined benefit pension, there’s a chance you were mis-sold, which means retirement plans could be at risk.
Final salary pensions – also known as defined benefit pensions – can offer outstanding benefits, including a guaranteed income for life in retirement. However, many should be wary of advisors that tell them to transfer.
- A final salary pension transfer claim gives you the chance to get compensation for the mis-selling of the transfer.
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