Work Pension Claim Compensation Success
Corries Pension team have won a large work pension compensation claim for a Client who gave up her work pension following a career break.
Our client, Mrs D ( now 57), had worked for the University of London. She took a career break and during this time and was approached by an Independent Financial Adviser (IFA) via the Royal Bank of Scotland. She was persuaded to leave her university work pension and set up a freestanding AVC. The return on this pension is not as good as her existing pension scheme.
Our client saw our advert and took our advice. RBS had set up the pension through Scottish Widows. They had never reviewed the pension as they were not required to do so under Pension regulations.
Claims handler Mark B Dawson picks up the story.
“I knew that this meant that we had a strong case against the IFA. We started the claim through RBS and they held an internal investigation. I had to constantly keep this under review and lodged a formal complaint. In due course RBS asked various questions about income and they accepted that our client had been mis-sold her pension. They conceded that she was due compensation.
I secured her compensation of £46, 856.21.
Claims handler Mark B Dawson added;
“My client is over the moon with her settlement. She never expected such a sum.
This was a tough case. We had to be very determined. It is often the case with large financial companies that they give misleading responses. They are very reluctant to pay these cases unless they are forced to do so.
Mrs D’s case is one of many people who have taken a career break or change and been given poor advice. It is not only claims for people with decades of payments into schemes who can lose out.
If you think you have had bad work pension advice then get your case handled by someone with expertise and a willingness to fight it.
Have you or someone know had bad pension advice? Then do not delay – telephone our pensions team on Freephone 0800 988 7997.