Have you moved funds out of a mineworkers’ pension scheme?couple discussing mineworkers' pension scheme

If so, you could be entitled to compensation. Final salary pension transfers are seldom a good idea. They come with too many guaranteed benefits to give up – particularly those supplied by the British Coal and the mining industry – and so switching to a different product is rarely worth the risk.

That’s why we’re here to help. If you think you have been wrongly advised to transfer your miners’ pension scheme, contact the team of experts at Money and Me Claims and start your claim today.

 

Why was the transfer a bad decision?

Miners’ pensions – such as the Mineworkers’ Pension Scheme and the British Coal Staff Superannuation Scheme – offer a generous and reliable source of income during retirement.

These schemes all have a government guarantee. This guarantee ensures that members always receive the benefits they have earned, and those benefits rise annually in line with inflation. Even if the schemes face tough financial conditions, members are still paid their yearly income. There’s no risk. And if investments generate high returns, members are awarded bonus pensions.

As a result, it is usually a bad decision to transfer out of a mineworkers’ pension. Yet over the years, lots of coal miners have been wrongly advised – by well-known and trusted firms – to do so.

Start your miners’ pension claim today

If this sounds familiar – and you believe you have been misadvised regarding a miners’ final salary transfer – don’t worry. There are several routes you can take to try to mitigate your losses.

For example, you can claim for free directly to the Financial Ombudsman Service (FOS), the Pensions Ombudsman (TPO), or the Financial Service Compensation Scheme (FSCS). If you have it, you can claim on your personal insurance for financial mis-selling. Alternatively, if you would like a little specialist help on the matter, you can seek the help of a claims management company.

Here at Money and Me Claims, we have unrivalled knowledge of this particular type of mis-sold pension and have worked on countless successful mineworkers’ pension claims in the past. Not only can we advise on your eligibility to make a claim, we can also take care of the entire claims process on your behalf. We’re on your side and, crucially, all work will be done on a no win, no fee basis. We only charge if you win compensation (25% + VAT) or if you decide to cancel after the 14-day cooling-off period for any work we have carried out on your behalf.

So, what do you have to lose? To find out more – and take the first step towards your potential compensation – either give us a call on 01236 607952 or send an email to info@moneyandme.co.uuk and we’ll get back to you as soon as possible.

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