Bolton financial claims specialists reclaim £100,000 for ex Armed Forces soldier

Mis-sold pensions are heavily increasing, affecting many peoples' lives in retirement. It is encouraged that whenever you make a decision regarding pensions, you seek support from specialists first - your pension is one of your biggest assets so you want to get the most out of what you have earned.

Get Claims Advice specialises in mis-sold pensions, mis-sold investments and final salary pension transfer claims. Located in Bolton, the firm has recovered £86m in compensation for its clients.

It says that lack of paperwork, lack of education on the pension scheme and being pressured to leave your pension are all symptoms of a mis-sold pension.

One of Get Claims Advice’s clients who was ex Armed Forces was advised to transfer his Armed Forces pension scheme into a personal pension in 1993. He agreed and proceeded to transfer £7,233 from his scheme, with him being assured that it resulted in a better return.

The company advising this failed to emphasise that the scheme it had recommended would have to perform well above an industry standard to match the benefits of his former final salary scheme. Following a lengthy complaint process, the client provided evidence which prompted a review into the policy to see whether a loss occurred due to the advice given.

As a result, the company confirmed that there was a loss of £92,802 and therefore upheld his complaint and an offer of compensation was made.

Another client had no investment experience and a low attitude to risk - another common symptom of being mis-sold a pension.

Get Claims Advice helped this victim of mis-selling when the client had been advised to transfer their personal pension into a SIPP in 2015, transferring £80,447 and making numerous investments that were