Do you know anybody who may have transferred out of the Lloyds Bank Defined Benefit Pension scheme in the last 15 years?
They may be due thousand of pounds in compensation or financial redress.
We’ve helped 100s of people get their retirement dreams back on track.
Request a call back
Expert Claim Adviser
We have handled multiple Wincanton PLC claims successfully.
Simple Process
Simple sign-up process and we do all the heavy lifting
UK Solicitors
Regulated by the Solicitors Regulation Authority.
Even if there was a legitimate reason to transfer away, it is highly likely they may still be entitled to make a pension transfer claim.
People may also be eligible for a mis-sold pension claim if they transferred out of any defined pension scheme into one of the below:
- Self-Invested Personal Pension (SIPP)
- Small Self-Administered Scheme (SSAS)
- Qualifying Recognised Overseas Pension Scheme (QROPS)
Why Lloyds Bank or your Financial Adviser may be at fault?
The Trustees and Administrators of the Lloyds Bank Pension Scheme have a statutory responsibility to the members of their pension scheme. Many transfers may have previously been allowed without sufficient scrutiny.
In addition, compensation may be available to individuals who:
- Took early retirement and transferred out of the scheme before they reached pensionable age
- Were transferred to a Qualifying Recognised Overseas Pension Scheme (QROPS) whether they moved abroad or not.
- Are spouses or beneficiaries or have power of attorney of someone who transferred out of the scheme and are since deceased.
- Were given bad advice or were mis-sold pensions by financial advisers when they transferred out of the scheme.
How We Can Help
We will promptly determine whether you received poor advice, and if so, we’ll immediately begin working to provide you with an estimate of the compensation you may be entitled to.
Financial Mis-Selling
Opting for a regulated solicitor ensures adherence to the highest professional standards, giving you peace of mind and the assurance of quality legal guidance.
Representation
We will represent you, diving deep into your case to pinpoint where you may have grounds to seek response.
No win, no fee
Choosing a “no-win, no-fee” approach ensures you won’t face any financial burden, offering both peace of mind and confidence in our commitment.
Free Consultation
Take the first step towards clarity: Ring for a no-obligation chat with one of our experts today.
At Claim My Loss, we’re all about having your back in financial, investment, energy, car finance and pension compensation cases. If we decide to champion your case, rest assured we’ll shoulder the costs and advocate for you without any upfront charges. We’re in this together!
About the Lloyds Bank Pension Scheme
- The Lloyds Bank Pension Scheme is a vital component of the retirement benefits offered to employees of Lloyds Banking Group, one of the UK’s major financial institutions.
- This scheme is predominantly a defined benefit pension plan, which ensures a predetermined amount of pension payment to its members based on their salary history and length of service.
- It aims to provide a stable and secure retirement income to thousands of its members, reflecting Lloyds’ commitment to its workforce’s long-term financial security.
- Over the years, the Lloyds Bank Pension Scheme has been managed with a focus on sustainability and risk mitigation, adapting its investment strategy to meet changing market conditions and regulatory requirements.
- The scheme is notable for its substantial size and influence in the UK pensions landscape, ensuring robust governance and professional management to safeguard the interests of its beneficiaries.
- As a defined benefit pension scheme, it is considered the gold standard of pensions as it guarantees a level of income which increases in line with inflation.
