Have you transferred out of The Greater Manchester Pension Fund?

The Greater Manchester Pensions Fund is managed by Tameside Metropolitan Borough Council and provides workers with a defined benefit pension. There are many institutions, universities, and local authority councils within Greater Manchester that offer the scheme to their employees. Depending on the exact date an individual joined one of these organisations, their pension may have been based on their average career salary or their final salary. Both are valuable and rare.

In fact, these are some of the safest types of pensions out there, given that they are protected by as much as 90% by the Pension Protection Fund. They provide workers with a guaranteed source of income when they come to retire, great death benefits, and best of all, no fees.

Even though these pensions are very desirable, lots of individuals are promised that they can make even more money for their future retirement by transferring their funds into a private pension instead. Doing this is actually very serious and can lead to life changing outcomes, such as being made much worse off and facing financial ruin. In those cases where workers were given poor or even negligent financial advice then they may be entitled to seek compensation. We can help you to determine if this is the case.

To do so, call us today and speak with one of our experts. They will be able to advice if you are entitled to compensation and how best to proceed. This service is completely free of charge and there is no obligation to proceed your claim for compensation with us. We keep our fees low buy not purchasing data from third parties or running call centres, and they only need to be paid once you have received all of your financial redress and are happy with our service.

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Some of our clients did not know that they have taken bad advice or that an adviser was at fault until they spoke to us.

 

Contact us and get a FREE ASSESSMENT.