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.

Frequently Asked Questions

Pension mis-selling occurs when a financial adviser provides unsuitable advice to transfer or invest your pension into schemes that are inappropriate for your financial situation or risk appetite. This could include high-risk investments or inappropriate pension transfers, such as moving a defined benefit pension into a riskier scheme.

You may have been mis-sold a pension if:
– You were advised to move your pension into high-risk investments without understanding the risks.
– You were not informed of exit fees or charges when transferring your pension.
– You were advised to transfer out of a defined benefit pension, which led to financial losses.
If these situations sound familiar, you could be entitled to make a claim for compensation.

Compensation depends on the extent of your losses. Typically, it includes financial losses due to bad advice or mismanagement, including lost returns, exit fees, and fees paid for services that were not delivered. We assess your case and help you understand the potential amount of compensation.

There are time-barring restrictions for pension mis-selling claims, usually six years from when the advice was given, or three years from when you realised the pension was mis-sold. It’s important to act quickly to ensure your claim is within the legal timeframe.

The process involves:
– A free consultation to assess your case.
– Gathering of all necessary evidence, such as contracts and statements.
– Submission of your claim to the Financial Services Compensation Scheme (FSCS) or other relevant bodies.
We handle the entire process for you and keep you informed throughout.

Our services are provided on a no-win-no-fee basis, meaning you will only pay if we successfully recover compensation on your behalf. There are no upfront costs or hidden fees.

Yes. If Barton Hatcher Ingram Financial Management Limited is no longer trading, you can still make a claim through the Financial Services Compensation Scheme (FSCS), which handles claims for firms that have gone into liquidation.

The time it takes to process a pension mis-selling claim can vary based on the complexity of the case and the involvement of other parties. On average, claims can take several months to a year to resolve, but we will work diligently to handle your case as efficiently as possible.

News & Updates about Tobacco Pension Funds

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