Have you transferred your Dock Worker final salary pension?
If you or a loved one were a British dock worker and transferred out of a final salary pension scheme, then you may be entitled to compensation.
Many dock workers were told by their financial advisers to transfer their risk-free final salary, also known as a defined benefit, pension to a riskier private scheme, including Self Invested Personal Pensions (SIPPs) and may have lost out.
As final salary pensions, through the Former Registered Dock Workers Pension Fund, 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
- Friends Provident
- Legal & General
- Lloyds TSB
- Norwich Union
- Pearl Assurance
- Scottish Amicable
- Scottish Widows
- Standard Life
- Sun Life
Compensation for Negligent Financial Advice
TLW Solicitors specialise in helping clients who have been given negligent final salary pension advice.
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.
Whilst some of these transfers were made many years ago, you may still be able to claim compensation if you are a dock worker’s widow or if the Independent Financial Adviser has gone out of business, has been taken over or changed its name.
TLW Solicitors can help
If you feel that you or a loved one weren’t given the right pension advice, please call us on 0800 169 5925 or use our online 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.
For added TLC, think TLW Solicitors.