Good to know: You do not need to use a claims management company to make your complaint to your pension provider or intermediary. If your complaint is not successful you can refer it to the Financial Ombudsman Service or the Pension Ombudsman yourself for free if the firm is still trading. For eligible failed firms, you can refer a claim to the Financial Services Compensation Scheme for free.
Andy understands financial services regulations and the technical arguments required to make a successful claim.
In his career he has successfully dealt with an array of claims such as pension transfers and switches, SIPP and endowment claims.
Andy was part of the “Pension Review” and Customer Liaison Departments for Royal Sun Alliance. Unhappy with how consumers were being treated, he realigned himself and has been representing consumers since 2004, ensuring fair and equitable treatment for consumers.
Contact AndyDo you have a Jaguar Land Rover pension? Jaguar Land Rover, formed in 2008 when the two companies merged, rewarded their employees with a final salary pension. However, unscrupulous financial advisers convinced people like you to transfer their final salary pension for inferior private schemes. Did this happen to you?
If you or someone you love was convinced to switch pension schemes away from a Jaguar Land Rover pension, you might have been missold salary swap products. You could be entitled to defined benefit transfer compensation.
The Financial Conduct Authority (FCA) recently issued a warning regarding missold DB transfer products. They have received many complaints about independent financial advisers giving negligent and erroneous advice. This misleading advice has caused many Jaguar Land Rover pension holders to lose their future retirement income
If you are the victim of a missed sold DB transfer, you might be entitled to defined pension compensation. Our expert team can help.
Jaguar Land Rover rewarded their employees with a highly desirable pension package. Rarely made available today, employees often benefited from a final salary pension plan. Final salary pensions (also known as defined benefit pensions) are highly sought-after because they payout for the rest of your life, no matter how long you live. Even better, they keep pace with the rate of inflation. When the cost of living increases, your monthly payments also increase.
Sadly, many Jaguar Land Rover employees received negligent advice to transfer their desirable final salary pension to an inferior private plan. Independent financial advisers paid on a contingent fee basis, stood to gain when they convinced their clients to make the switch. They advised pension holders to trade in their final salary pension for a Cash Equivalent Transfer Value (CETV). After taking large commissions from this lump-sum cash payment, they advised clients to invest the rest in private pensions.
But these private pension schemes are limited – when the pot runs out, it runs out, which could leave you destitute in your golden years. Since they’re tied to the market, these risky pension plans can dwindle to zero overnight. You’ll also be charged high annual fees and commissions.
Final salary pension transfers are only beneficial in very rare cases; most reputable advisers will tell you to avoid them at all costs.
If your financial adviser recommended a final salary pension transfer, you are likely the victim of a missold salary swap. Thankfully, you can now make a final salary transfer claim. If successful, you could be awarded final salary transfer compensation that will help you recoup your losses and recover from this negligent advice.
The team here at Allegiant is ready to help you make your defined benefit transfer claim. To have your prospects assessed by our specialist team, simply fill in our online form.
In this article, Allegiant’s Pensions & Investments Manager, Andy Ramsay, explores the fundamental differences between between the Court and Ombudsman routes for resolving pension & investment claims. The article highlights key differences in:-
Andy further explores out-dated preconceptions about Claims Management Companies. This short summary is essential reading for anyone planning on making a pension or investment claim with the assistance of a CMC or law firm.
Click to ReadYou may have heard of the Financial Services Compensation Scheme (FSCS), but do you fully understand its vital role within the UK’s financial services sector? In this short piece, we look at:-
This article will be of particular interest to anyone with a potential compensation claim against a financial service provider that has collapsed.
Click to ReadThe Financial Conduct Authority (FCA) has identified ‘serious and ongoing failings’ by both Individual Financial Advisers (IFAs) and Self-Invested Personal Pension Providers. Typically, mis-selling is related to the “wrong” type of investor being given poor or misleading advice as to what investments were relatively safe and right for them. In this summary, we look at What a SIPP is, and how they have been mis-sold, together with the FCA’s review into sector malpractice.
Click to Read
Pre complaint investigation and analysis. No paperwork? Don't Worry! We could still help.
Once we've assessed claim prospects, we make a pension complaint to the Ombudsman or FSCS, where appropriate
Pension complaint response received. We'll carefully analyse the response and advise you on how to proceed.
If appropriate resolution cannot be reached with a live firm, and we disagree with their stance, we will refer the claim to Ombudsman on your instruction.
Allegiant always aligns great value with exceptional service. This winning formula has seen us emerge as one of the UK’s pre-eminent Claims Management Companies in recent years. See why Allegiant is a great choice below. *All information correct as at 28 August 2021.
How our fees work in practice:
• Compensation is £1,000, the fee is £150 plus VAT £30. This means the amount payable to us is £180 leaving you with the benefit of £820.
• Compensation is £3,000, the fee is £450 plus VAT £90. This means the amount payable to us is £540 leaving you with the benefit of £2,460.
• Compensation is £10,000, the fee is £1,500 plus VAT £300. This means that the amount payable to us is £1,800 leaving you with the benefit of £8,200.
NB. It is possible that our fee may become payable before you have access to your pension or investment which may result in you having to pay our fee from your own funds.
You can cancel for free at any time within 14-days without giving any reason and without incurring any liability. You can communicate your cancellation by telephone, post, email or online.
You can cancel this agreement at any time after the 14-day cancellation period. However, if a complaint submitted by us is successful, the Success Fee will apply in the usual way.
You can cancel by post: Allegiant Finance Services Limited, Freepost RTYU–XUTZ–YKJC, 400 Chadwick House, Warrington Road, Birchwood Park, Warrington, WA3 6AE; (b) by email: helpdesk@allegiant-finance.co.uk; (c) by telephone: 0345 544 1563; or (d) online at https://allegiant.co.uk/legal/cancellation.
Our small, dedicated pensions team provide a personal touch
We’ll treat your claim as strictly confidential. Your personal information is safe with us.
We’ve serviced over 100,000 clients across all service lines since our inception in 2010.
Our fees compare favourably to competitors. We actively encourage you to shop around.
We could still help if you don’t have all your paperwork or details. Our team are experienced in helping locate paperwork where possible.
Our online application system and claim audit surveys enable us to offer an efficient and convenient claims journey.
Good to know: You do not need to use a claims management company to make your complaint to your pension provider or intermediary. If your complaint is not successful you can refer it to the Financial Ombudsman Service or the Pension Ombudsman yourself for free if the firm is still trading. For eligible failed firms, you can refer a claim to the Financial Services Compensation Scheme for free.
