Veteran Wins £59,973 for Mis-Sold Armed Forces Pension Transfer

A former serviceman has been awarded £59,973 in compensation after being mis-sold an Armed Forces Pension Transfer. The case highlights the risks of Final Salary Transfer Mis-selling, where veterans are wrongly advised to give up valuable guaranteed benefits in favour of riskier private pension schemes.

The Hidden Dangers of Pension Transfer Advice

Many military personnel are targeted by financial advisers encouraging them to transfer out of their secure Armed Forces Pension Transfer schemes. These transfers often leave veterans worse off, with reduced retirement income and higher fees. In this case, the veteran was persuaded to move his pension into an unsuitable investment, only to discover years later that he had lost significant benefits.

Compensation Claims for Mis-Sold Pensions

The Financial Conduct Authority (FCA) has warned about the dangers of pension transfer mis-selling, particularly for military personnel. Victims of Final Salary Transfer Mis-selling may be entitled to compensation if they were given poor advice. The veteran in this case successfully reclaimed nearly £60,000, proving that justice is possible for those affected.

Could You Be Owed Money?

If you or a loved one were advised to transfer out of an Armed Forces Pension Transfer scheme, you may have a claim. Many veterans are unaware that they were mis-sold their pensions and could be owed thousands in compensation.

At People’s Expert, we specialise in helping victims of Final Salary Transfer Mis-selling reclaim what they are owed. Our team of experts can review your case and guide you through the claims process.

Don’t wait—find out if you’re eligible for compensation today. Contact People’s Expert for a free, no-obligation assessment of your pension transfer.