If you have been advised to transfer out of a workplace pension scheme, at any time since the 1980s, you may be entitled to thousands of pounds in compensation.
In the last 30 years, many people have been advised to transfer out of an employer or former employer’s pension scheme. In some cases, the financial adviser did not explain the risk that the new pension would give a significantly lower retirement income than the guaranteed, inflation-protected benefits from the workplace scheme.
Compensation amounts for workplace pension transfers are often tens of thousands of pounds, as they aim to replace all lost income, past and future.
Even if your pension was transferred in the 1980s or 1990s, you may be entitled to compensation. In any case, Marland Thomas Solicitors can let you know – for FREE!
Don’t worry if you don’t have the paperwork from when your pension was transferred – in many cases we can get the details for you.