Local Authority Pension Transfer Claim

Local Authority Pension Transfer Claim

Local Authority Workplace Salary Pension Claim

Working for one of the UK’s local authorities offers many benefits, including a good salary and a reliable pension. Until recently, most local authorities provided their employees a final salary pension, which keeps up with inflation and ensures you can maintain a good lifestyle in your retirement years.

However, some financial advisers out there recommended that people like you transfer their enviable final salary pension to riskier fixed pensions. If this happened to you, you might be the victim of a missold DB transfer (defined benefit), and you could be eligible for defined pension compensation.

The Financial Conduct Authority (FCA) has raised the alarm over the increasing number of missold salary swap cases they’re seeing. They warn that independent financial advisers are purposely convincing their clients to switch valuable final salary pensions for inferior private schemes. These clients lost money – some even lost everything and are now destitute in their retirement years.

These financial advisers are often paid on a “contingent fee” basis. They only get paid if they convince their clients to switch, and they take a cut of the Cash Equivalent Transfer Value’ (CETV). The client gets duped, and the financial adviser takes off with their hard-earned pension money.

Did this happen to you? If you were missold salary swap products, you could be eligible for defined pension compensation – read ahead.

What is a Local Authority Pension Transfer?

Local authority workers do a wide variety of different jobs, including social worker, caretaker, housing officer, lawyer, gardener, refuse collector, administrator, and accountant. They share one thing in common – they benefit from the local authority’s pension scheme. Until recently, most local authorities offered final salary pensions, also known as defined-benefit pensions.

Final salary pensions are enviable pensions to have. They keep up with the rate of inflation, which means that you don’t have to worry about the rising cost of living, and they have low or no fees. Best of all, they continue to pay out as long as you live.

In contrast, fixed pensions are pegged to the market, which means their value fluctuates. When the money is gone, it’s gone – you might outlive the value of your pension. Even worse, private schemes often invest in risky funds, which means you could lose everything.

Obviously, a final salary pension is the best option for retirees. However, financial advisers talked many people like you into swapping their final salary pensions for a ‘Cash Equivalent Transfer Value’ (CETV). They promised high cash payouts and convinced them that a private pension would suit their needs.
This was terrible advice, and many people lost their retirement funds. Did this happen to you?

Do you qualify for Final Salary Transfer Compensation for your Local Authority Pension?

In almost all cases, pension transfers are the wrong choice, and no trustworthy financial adviser would recommend one. However, if you were missold salary swap products, you could recoup some of your losses with a defined pension claim. Our expert Allegiant team can help you access the final salary transfer compensation 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.