Despite concerns about the dwindling value of NHS pensions, as they are a final salary pension, a form of Defined Benefit pension, they are generally much more favourable than most private pension schemes available on the open market.
Defined benefit pensions provide guaranteed pension income from retirement up until death. For this reason, even on the advice of an Independent Financial Adviser, it is rarely appropriate to transfer an NHS pension into a private scheme such as a Self-Invested Personal Pension (SIPP).
If you or a loved one have worked in the NHS, as a:
And they have transferred out of the NHS Pension Scheme following negligent financial advice, reducing the value of your pension pot, then you may be entitled to claim compensation.
TLW Solicitors specialise in helping clients who have been given negligent final salary pension advice. Whilst some of these transfers were made many years ago, you may still be able to claim compensation if you are an NHS employee’s widow/er or if the Independent Financial Adviser has gone out of business, has been taken over, or changed its name.
Until we get an up-to-date valuation of the pension that they would have had, clients sometimes do not realise how much they have lost out, which quite often is a significant amount.
If you think that you or a loved one weren’t given the right pension advice, please call us on 0800 169 5925, email or use our callback form and our team will contact you for an initial, no obligation consultation, we can then let you know if we can help.
Time limits apply, so it is important to get advice as soon as you can.
Meet Sarah, who heads up our experienced Pension Claims team.
Sarah and her colleagues are on hand to help with your claim.
