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Corries Solicitors - Personal Injury Specialists
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Pension

Mineworker from Wallyford

Mr W from Wallyford in East Lothian transferred his pension fund of £4,571 in 1990 from the Mineworkers Pension Scheme to Phoenix Life. The pension provider in the end accepted that they he had been badly advised and paid compensation of £55,215.

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British Steel worker from Scunthorpe

Mr J from Scunthorpe worked for British Steel. In 1992 an independent financial adviser, Howard Frapwell Insurance advised him to transfer his British Steel pension of £35,165 to Scottish Widows. As the IFA was no longer in business and was in default, compensation was paid by the Financial Services Compensation Scheme at £48,000.

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New World Cookers Employee from Warrington

Mrs S from Warrington worked for New World (TI Group) and was a member of the pension scheme there. In 1989 she was persuaded by an IFA Grange Financial to transfer her pension of £3,862 to Norwich Union. The IFA had ceased trading and a successful claim was made through the Financial Services Compensation Scheme…

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Mineworker from Barnsley

Mr J of Barnsley worked at Grimethorpe Colliery. In 1991 he was advised by an IFA Goodare Owen & Co who were part of the Sesame Network to transfer his MPS fund of £13,135 to the Prudential. The network responsible for the IFA paid compensation of £109,147.

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Mineworker from Mansfield

Mr K from Mansfield was a miner who was persuaded in 1992 by an agent of Hill Samuel (now Abbey Life) to transfer his pit pension of £7,290 to them. He had been wrongly sold and no previous review of his pension had been carried out. Abbey Life admitted that they had given bad advice…

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Mineworker from Doncaster

Mr B from Doncaster, a worker at Brodsworth colliery. He was advised in 1991 to transfer his pit pension of £13,215 to Sun Life Financial of Canada by one of their agents. Eventually, they accepted responsibility for the bad advice and paid compensation of £192,214.

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British Steel worker from Scunthorpe

Mr T from Scunthorpe worked for British Steel and was persuaded by a Prudential agent in 1988 to transfer his British Steel Pension of £12,207 to them. Compensation of £92,232.11 paid.

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Mineworker from Sutton-in-Ashfield

Mr W of Sutton-in-Ashfield was advised in 1989 by an IFA, Bale Insurance to transfer his pit pension of £5,807 to Standard Life. The IFA was no longer in business and therefore the Financial Services Compensation Scheme agreed to deal with the claim and awarded compensation of £48,000.

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Rolls Royce worker from Crewe

Mr M from Crewe worked for Rolls Royce and was persuaded by an IFA, Moray Financial Services to transfer his Rolls Royce pension fund of £3,422 to Scottish Equitable. He was awarded £35,047.20 by the Financial Services Compensation Scheme after a successful claim had been made due to the IFA no longer being in operation.

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Mineworker from Huddersfield

Mr H of Huddersfield was a miner and member of the Mineworkers Pension Scheme. In 1991 he was persuaded by an agent of the Colonial Mutual (now Aviva) to transfer his pit pension of £4,639 to them. Aviva eventually agreed that he had been wrongly advised to transfer his pension and compensation of £84,456 was…

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