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

Vauxhall Workplace Salary Pension Claim

Vauxhall Motors offered their employees a handsome pension package. Until recently, many Vauxhall employees benefited from desirable defined benefit pensions, including final salary pensions.

Did a financial adviser convince you to swap your valuable final salary pension for an inferior fixed scheme? If so, you are likely the victim of a missold salary swap. The Financial Conduct Authority (FCA) has issued warnings to Vauxhall pension holders, advising them to be wary of misleading and negligent advice from independent financial advisers.

Independent financial advisers, many of whom only received commissions on a ‘contingent fee’ basis, failed to consider their clients’ unique needs. Instead, they recommended missold DB transfer products that they knew were not a good fit, causing them to lose their valuable retirement savings. They put their own incomes above their clients’ best interests. Does this sound familiar?

If so, you are a victim of a missold salary swap – and we can help. Allegiant can help you file a defined pension claim and get the defined pension compensation you deserve.

What is a Vauxhall Pension Transfer?

If you worked for Vauxhall Motors, you might have been enrolled in a final salary pension. Though rarely offered today, final salary pensions are extremely desirable pensions that payout at the rate of your final salary for the rest of your life. On the other hand, fixed pensions are finite – when the money runs out, it’s gone forever.

They continue to keep up with the rate of inflation, so you’ll never be priced out of your standard of living. They don’t charge fees or come with any associated admin costs, unlike fixed private pensions. There are very few reasons why anyone would benefit from a final salary pension transfer, but that hasn’t stopped independent financial advisers from suggesting them to unsuitable clients.

Final salary pensions can be traded in for a ‘Cash Equivalent Transfer Value’ (CETV). Advisers suggested their clients use this CETV to invest in private fixed pensions, but not before helping themselves to hefty commissions. Victims of missold salary swaps are left with inferior pensions that are often worth significant less than final salary schemes. You could end up penniless in your retirement years – but now you can make a salary swap claim.

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

Pension transfers are unsuitable for almost all clients. Unless you have a terminal illness, you are likely the victim of a missold salary swap. You can now make a defined pension claim – if successful, you could receive defined pension compensation.

If you had a Vauxhall pension and a financial adviser suggested you transfer, you now have legal recourse and can recoup some of what you lost. Our expert Allegiant team has a lot of experience helping people like you get the compensation that you deserve.

To have your prospects assessed by our specialist team, simply fill in our online form.

Apply Now

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Progress

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

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What type of pension are you concerned about

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

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Have you ever been bankrupt, entered into an IVA or DRO?* This does not include debt management plans

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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.