If you or a loved one have transferred out of the Transport for London Pension Fund, then you may be entitled to compensation.
Moving from a final salary, also known as a defined benefit or company pension scheme is not usually a good idea. However, some Transport for London workers have been advised by Independent Financial Advisers (IFAs) to transfer their pension into private schemes, including Self Invested Personal Pensions (SIPPs). In turn, they may have lost out by no longer having a guaranteed retirement income.
As final salary pensions are very solid and dependable, there must be a strong reason to transfer from this into another private pension, including SIPPs.
TLW Solicitors specialise in helping clients who have been given negligent final salary pension advice and have been mis-sold a pension transfer. Whilst some of these transfers may have been made many years ago, you may still be able to claim compensation if you are a Transport for London worker’s widow 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 retirement 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 are concerned that you or a loved one were not given the right advice about transferring out of a Transport for London pension, please call us on 0800 169 5925,email or use our online form and our team will contact you for an initial, no-obligation consultation.
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.
