Have you transferred your pension from American Tobacco, Imperial Tobacco, or the British American Tobacco UK Pension Fund (BAT)?
Sometimes referred to as gold-plated pensions, final salary pensions are provided by some tobacco companies like American Tobacco, Imperial Tobacco, and British American Tobacco UK Pension Fund (BAT). This pension is looked at by many as being both rare, and valuable and offers great benefits.
They provide a guaranteed income for when a worker comes to retire as well as death-in-service benefits for any dependants or spouse that the workers have. Moving money out of a final salary pension is something that should not be done without first getting advice from a qualified financial advisor that will carefully work out if it is something that is in the best interest of an individual.
During the last five years, there has been a steady increase in the number of pension transfers from final salary pensions. In fact, between 2016 and 2017, the number of these transfers has more than doubled. There have been many financial advisors that have been found to have given poor or negligent advice causing many workers to be out of pocket come retirement. These financial advisors benefitted from commissions but left their clients in a very risky financial position, many workers regret putting their trust in these individuals. Fortunately, though, we can help you.
Next Steps
Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.
