Armed Forces Pension Transfer Claim

Armed Forces Pension Transfer Claim

Armed Forces Workplace Salary Pension Claim

If you had an armed forces pension or military pension and were advised to switch pension schemes, you may have been missold salary swap products. If so, you could be entitled to make a final salary transfer claim.

The Financial Conduct Authority (FCA) has recently expressed concern that many independent financial advisers provided armed forces pension holders with negligent advice. They failed to consider the suitability of the transfer for clients like you. This negligent advice transferred armed forces pension holders to inferior or risker schemes, causing them to lose money.

Worse still, there are concerns that many independent financial advisers were being paid on a “contingent fee” basis – meaning that they only got paid if a switch occurred. This may have led advisers to put their own income before client interests. Did this happen to you?

Were you the victim of a missold DB transfer? Find out if you are entitled to defined pension compensation – read ahead.

What is an Armed Forces Pension Transfer?

If you ever served in a branch of the British Armed Forces, you were awarded a government pension. Veterans of the Airforce, Army, or Navy often receive a slightly better pension than those in civilian careers, owing to the extra level of dedication and the physical sacrifices required. Many ex-armed forces individuals have final salary pensions.

Final salary pensions (also known as Defined Benefit pensions) payout for the rest of your life and keep pace with inflation. Even better, they don’t have any fees or associated costs. On the other hand, private pensions are based on market rates, and they go up and down with the market. They’re also limited – when the money is gone, it’s gone. No matter how long you live, a final salary pension will continue to pay.

You can trade in a final salary pension for a ‘Cash Equivalent Transfer Value’ (CETV) that you can invest into a fixed pension from which you can draw when you reach the age of 55. It’s extremely rare for an armed forces pension transfer to benefit you, and they are often very risky. Most advisers will tell you to avoid a DB transfer.

So, as you can see, final salary pensions are very desirable, and that makes them a target for scams and missold pension products. That’s why many unscrupulous advisers missold DB transfers to clients like you, with no warning of the risks. As a result, veterans lost their valuable pensions, and are now struggling during their retirement years.

Do you qualify for Final Salary Transfer Compensation for your Armed Forces Pension?

In most cases, pension transfers are unsuitable, and your financial adviser was negligent when they recommending this to you. Thankfully, you can make a Defined Pension Claim and recoup some of what you lost.

If you had an armed forces pension and were advised to transfer, you are likely a victim of a Missold Salary Swap. We can help – with a successful final salary transfer claim, we can help reverse the damage and get you the compensation that you deserve.

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

  • A Trusted Name

    A Trusted Name Allegiant Finance Services Ltd is widely regarded as a pioneer in the high cost loan claims management market.

  • Friendly & Experienced Advisors

    Friendly & Experienced Advisors Contactable by email, phone, live chat or post, whichever you prefer.

  • Confidential & Discreet

    Confidential & Discreet We will only correspond with you and keep your details secure. We’ll never sell your data.

  • Proven Track Record

    Proven Track Record We've been claiming high cost loan refunds since 2013

  • Online Application

    Online Application Full online application process. Receive an automated decision on whether we can take on your claim

  • Over £50 million+ Recovered

    Over £50 million+ Recovered We are proud to have recovered £millions on behalf of our customers.

  • 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

    Tell us briefly about the circumstances you want us to investigate



    Full First Name*

    Please enter at least 2 characters.

    Last Name*

    Please enter at least 2 characters.


    Date Of Birth*

    Mobile Number

    Landline Number

    Search for an Address*

    We would like to send you information about our products and services from time to time, but will only do so with your consent. Please let us know which method(s), if any, you consent to:

    If you would like to receive information from our carefully selected partners, please let us know by which method(s)

    I understand that by clicking "Submit", my eligibility will be assessed by automated technology. I understand that I can opt out of this prior to submission by opting out within the Privacy Policy
    • You're in Control: Video, Telephone or Email Consultation
    • No Win, No Fee: Just 18% inclusive of VAT
    • Change Your Mind: Cancel for Free - 14 day Cooling Off period
    • Success Fee applies outside 14 days.
    • Dedicated, Experienced Claims Handler from start to finish.
    • Long Established Claims Management Company
    • We've Recovered Over £50 million for UK consumers.