Customer Pension Stories

Michael Houston worked for McCain Foods who provided him with a Final Salary Pension Scheme. He was visited at his home by an Independent Financial Adviser (IFA) and was persuaded to transfer his company pension into a SIPP with Pointon York.

Andrea Gough was advised to transfer several pensions to Clerical Medical, including an occupational pension scheme from a previous employer. Andrea lost all the guaranteed benefits associated with the occupational pension scheme, including a pension for life based on her final salary.

Mr Hakes was advised to transfer his NHS pension into a Self Invested Personal Pension (SIPP), thereby losing all the accrued and future benefits he would have enjoyed under this scheme.

DenisProbert worked for over 35 years for his employer that offered an occupational pension scheme. In 1995, an Allied Dunbar (now Zurich) representative advised him to put extra money into a Free Standing Additional Voluntary Contribution (FSAVC) when he could have paid AVC’s into his existing occupational scheme.

Darren Byworth got in touch with us after seeing our details on the internet. He was advised to transfer his private pension into a SIPP with Greyfriars Asset Management. The pension was then invested into high risk funds leading to significant losses to his retirement fund.

Gail Baldwin was advised by Blue Infinitas Ltd to transfer her personal pension with Sun Life of Canada into a SIPP. Most of her money was invested in unregulated products which resulted in significant losses.

Kelvin Lewis was a member of his employers’ occupational defined benefit pension scheme. He was advised by Black Horse Life to take out a Free Standing Additional Voluntary Contribution (FSAVC) pension.

Alan Bamford was a member of his employers occupation defined benefit pension scheme for many years. He was mis-sold a Free Standing Additional Voluntary Contributions (FSAVC) pension by Midland Life. The adviser did not take into account the benefits of a similar scheme available to Mr Bamford from his employer that would have provided enhanced benefits to him on retirement.

Mark worked for West Yorkshire Passenger Transport Executive and was a member of the Local Government Pension Scheme. He was 48 and wanted to put extra money towards his retirement planning so he could be financially comfortable when he stopped working at age 60.