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.

0345 544 1563

NHS (National Health Service) Workplace Salary Pension Claim

Were you employed by the NHS, or do you work there currently? If so, you likely have a desirable NHS pension – unless an adviser suggested that you switch your pension. If you switched your NHS pension to a private pension scheme, you might have been missold DB transfer products. Your adviser may not have given you accurate advice – but you have options to gain salary swap compensation.

The Financial Conduct Authority (FCA) is concerned about the number of independent financial advisers who advised NHS pension holders to make a risky switch. They didn’t consider the suitability of these missold salary swap products for individual clients. In some shocking cases, independent financial advisers received compensation on a “contingent fee” basis. They only earned income if they convinced their clients to make the switch.

If you received negligent advice from a financial adviser, you likely lost your future financial security, not to mention a lot of money. Some people have lost upwards of hundreds of thousands of pounds.

Thankfully, you do have legal recourse. You may qualify to make a final salary transfer claim, and our expert Allegiant team can help you with the process. If successful, you could receive defined benefit compensation to recoup some of your losses.

What is an NHS Pension Transfer Claim?

NHS workers often receive a valuable final salary pension. This type of pension, also known as a Defined Benefit pension) pays out for the rest of a person’s life. Final salary pensions keep up with inflation, which means you will always be taken care of financially. It’s no wonder so many people want these pensions – and why they have substantial financial value. It’s extremely rare for a pension transfer to be an intelligent choice for anyone with a final salary pension.

Even though they know this, many unscrupulous advisers suggest that you make the switch to a fixed pension with a private scheme. Missold salary swaps are more common than ever. Advisers take a hard-sell approach, convincing people like you to trade in their final salary pensions for a ‘Cash Equivalent Transfer Value’ (CETV). They can then use the CETV for a private pension to draw upon later. However, these private pensions are limited, and when the money is gone, it’s gone. You could end up destitute later in life, struggling to make ends meet.

Do you qualify for Final Salary Transfer Compensation for your NHS Pension?

Imagine working for the NHS and accruing a valuable pension, only to end up short on income in your retirement years. If your financial adviser suggested that you trade in your valuable NHS pension for a fixed pension or CETV, you could make a final salary transfer claim. If successful, you could receive final salary transfer compensation to recoup your lost pension funds.

Thankfully, the FCA has made missold DB transfer funds available for people like you, and we can help. Start by filling in our online form and our specialist team will assess your Defined Pension Claim.

Apply Now

Start Your Claim Now

Progress

Are you concerned that you are a victim of pension mis-selling?

Roughly how much do you estimate you have lost due to poor advice?

What type of pension are you concerned about

SIPP Provider

Select Your Workplace

Does your claim relate to an automatic transfer of your existing government pension into the 2015 arrangement?

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Andy Ramsay

Pensions & Investments Claim Manager

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 Andy

Insights from Our Pensions Team

Expert Insight: The Importance of Choosing the Right Pathway for Your Claim: CMCs and Law Firms Compared.

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:-

  • costs consequences and funding arrangements
  •  the differing basis of assessment that a Court will deploy when compared to an Ombudsman
  •  the potential need for claimants to attend a hearing in Court

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 Read

Learn With Allegiant: The Financial Services Compensation Scheme (FSCS) In A Nutshell

You 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:-

  • The type of claims FSCS covers (and those it doesn’t).
  • How and when it can help
  • The FSCS claims process

This article will be of particular interest to anyone with a potential compensation claim against a financial service provider that has collapsed.

Click to Read

Learn With Allegiant: What is a SIPP?

The 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

Our Mis-sold Pensions Claim Procedure

  • Step 1

    Pre complaint investigation and analysis. No paperwork? Don't Worry! We could still help.

  • Step 2

    Once we've assessed claim prospects, we make a pension complaint to the Ombudsman or FSCS, where appropriate

  • Step 3

    Pension complaint response received. We'll carefully analyse the response and advise you on how to proceed.

  • Step 4

    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.

Why Pay More? How Our Fees Compare.

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.

Company Name
Advertised Fees
Example fee - £10,000 win
Additional Cost Compared to Alllegiant
Source
38% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£3,800
£304
https://www.consumersavingsnetwork.co.uk/investment-claim-terms-conditions/
48% No Win No Fee inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£4,800
£864
https://goodwinbarrett.co.uk/terms-and-conditions-mis-sold-pension
25% Plus VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£2,500
N/A
https://allegiant.co.ukcompliance/terms-of-engagement/pic/
38% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£3,800
£304
https://www.consumersavingsnetwork.co.uk/investment-claim-terms-conditions/
48% No Win No Fee inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£4,800
£864
https://goodwinbarrett.co.uk/terms-and-conditions-mis-sold-pension

Our Fees - What You Need To Know

Worked Fee Example

How our fees work in practice:

• Compensation is £1,000, the fee is £250 plus VAT £50. This means the amount payable to us is £300 leaving you with the benefit of £700.
• Compensation is £3,000, the fee is £750 plus VAT £150. This means the amount payable to us is £900 leaving you with the benefit of £2,100.
• Compensation is £10,000, the fee is £2,500 plus VAT £500. This means that the amount payable to us is £3,000 leaving you with the benefit of £7,000.

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.

Cancellation Rights (Pension Claims)

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.uklegal/cancellation.

Looking for Claim Representation? Why Allegiant is a Great Choice for Pension Claims Assistance

Human

Our small, dedicated pensions team provide a personal touch

Trustworthy

We’ll treat your claim as strictly confidential. Your personal information is safe with us.

Longstanding

We’ve serviced over 100,000 clients across all service lines since our inception in 2010.

Fair Fees

Our fees compare favourably to competitors. We actively encourage you to shop around.

No Paperwork? Don't Worry!

We could still help if you don’t have all your paperwork or details. Our team are experienced in helping locate paperwork where possible.

Technologically Driven

Our online application system and claim audit surveys enable us to offer an efficient and convenient claims journey.

Claiming for Free Yourself

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.