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Financial Advisers Involved
The advice to transfer was given by a range of Independent Financial Advisers, including agents from some well-known and trusted brands such as:
- Abbey Life
- Aegon UK
- Allied Dunbar
- Aviva
- Co-Operative
- Friends Provident
- Legal & General
- Lloyds TSB
- Norwich Union
- Pearl Assurance
- Prudential
- Scottish Amicable
- Scottish Widows
- Standard Life
- Sun Life
- Zurich
If you or a loved one have transferred out of the British Coal pension scheme, then you may be entitled to compensation. Moving from a final salary, also known as a defined benefit scheme is rarely a good idea, however many coal miners were told by financial advisers to transfer their pension to a private scheme and may have lost out.
As final salary pensions, through the Mineworkers Pension Scheme and British Coal Staff Superannuation Scheme, are a very solid and dependable source of retirement income, there must be a strong reason to transfer this into a riskier private pension.
Get in touch
TLW Solicitors specialise in helping clients who have been given negligent final salary pension advice. Whilst some of these transfers were made many years ago, you may still be able to claim compensation if you are a miner’s widow or if the Independent Financial Adviser has gone out of business, has been taken over or changed its name. If you feel that you or a loved one wasn’t given the right advice, please contact our team for an initial consultation, we can then let you know if we can help.
