Final salary pensions are great, they are a scheme provided by businesses, which takes a portion of your final salary or an average of your salary, based on the length of time you were at the company, offering you a guaranteed income which grows in-line with inflation, with no investment risk, which you begin to receive from when you enter retirement.
Unfortunately, there are some that have sought financial advice and have been persuaded or pressured into transferring their guaranteed income, for a lump sum and investment in services that pose some inherent risk, without being made aware of the impact it can make on them in the long-term.
Can You Make a Mis-sold Ford Final Salary pension Claim?
Have you had advice to transfer your final salary pension and are now unsure of your situation? Some of the reasons highlighted below have given Spencer Churchill Claims Advice cause for concern, and you may be eligible to claim:
The representative did not perform due diligence in regards to your existing pension plan.
You were not made aware of any transfer fees.
You were not made aware of the risks involved with transferring
You were guaranteed performance-based returns.
You were enticed to take a tax-free lump sum
Your income has decreased over time
You have not been clearly informed that the amount ultimately received may be less than initially stipulated.
If any of the above apply to you, or you have any further concerns, you may be eligible to make a claim.
Make A Mis-Sold Pension Claim
Fill in the form below and one of our team will be in touch for a free, friendly, no-obligation chat to assess your situation.
We’ll go through your options, your rights to making a mis-sold pension claim and discuss how we can move forward. And don’t worry, this a free assessment and we don’t take any up-front costs.
Who are Ford?
Ford is one of the most recognised brands in the world. Founded in 1903 as Ford Motor Company, this firm currently employs more than 190,000 workers.
According to figures compiled in 2019, Ford enjoyed an annual revenue stream of $155.9 billion dollars..
If you had a mis-sold final salary pension transfer, by being advised to transfer away from the scheme provided by Ford by a financial advisor, and you feel like they have not conducted the necessary research, or were contacted by a third-party urging/advising you to transfer your final salary pension away from Ford. Then you could be eligible to make a claim.
You can speak to one of specialist consultants at Spencer Churchill Claims Advice, who will be happy to take you through our free, no-obligation consultation, so we can discuss your options.