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Final Salary or Defined Benefit Pension Transfer Claims

British Telecom Pension Transfer Claims

Quick Guide

  • It is rarely advisable to transfer out of a secure final salary or defined benefit pension.
  • Many British Telecom workers have lost thousands after being encouraged by financial advisers to transfer out of their BT Pension Scheme.
  • TLW Solicitors can claim any compensation owed for negligent advice on a no win no fee basis.

Have you transferred your British Telecom pension (BT pension) final salary pension?

You may be able to claim compensation.

If you or a loved one have transferred out of the British Telecom (BT) 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 BT workers were told by financial advisers to transfer their pension to a private scheme, including Self Invested Personal Pensions (SIPPs) and may have lost out.

As final salary pensions, through the BT Scheme, are a very solid and dependable source of retirement income, there must be a strong reason to transfer this into another private pension.

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

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 BT worker’s widow or if the Independent Financial Adviser has gone out of business, has been taken over or changed its name.

Until we get an up to date valuation of the pension that they would have had, clients sometimes do not realise how much they have lost out, which quite often is a significant amount.

If you feel that you or a loved one weren’t given the right advice, please call us on 0800 169 5925, email or use our callback form and our team will contact you for an initial, no obligation consultation, we can then let you know if we can help.

Time limits apply, so it is important to get advice as soon as you can.

Meet Our Team

Meet Sarah, who heads up our experienced Pension Claims team. Sarah and her colleagues are on hand to help with your claim.

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