Have you ever had a Pension Transfer with GE Life And Pensions?
You could be owed £1,000s in compensation if GE Life And Pensions mis-sold your Pension Transfer.
Many customers were advised by GE Life And Pensions to transfer their pension benefits from a work based pension to a private pension. In most cases these pensions would not provide any additional benefits, GE Life And Pensions did not tell their consumers that transferring their pension would typically result in a loss of benefits such as a final salary scheme or matching contributions.
Some providers such as GE Life And Pensions promoted that the pension they offered would out perform the workplace pension, this would not be the case with a riskier stock based pension and the advice given to millions of clients has been condemned by the regulator of GE Life And Pensions.
Were you mis-told by GE Life And Pensions about Transferring your pension?
You may have been mis-sold your Pension Transfer by GE Life And Pensions if any of the following statements are relevant to you:
- I was encouraged or mis-told by GE Life And Pensions to transfer my workplace pension regardless of it not being in my best interest.
- I was not told or given information by GE Life And Pensions about how my new pension plan would perform and work compared to my workplace pension plan.
- When I changed jobs my new employer encouraged/informed me to transfer to a personal pension or suggested that I should as they did not provide a pension scheme.
- I was not informed or advised by GE Life And Pensions that by opting out of my company pension scheme I would lose the guaranteed benefits that were associated with my company pension scheme.
- I was not informed or informed byGE Life And Pensions that by opting out of my company pension scheme that I would lose my employer contributions that would have been paid into my company pension scheme.
- I felt pressured by GE Life And Pensions into transferring my pension even though it posed a higher risk.
If any of the above reasons for complaint are relevant, you could be entitled to:
- A full refund of the benefits you had lost when you transferred the pension to GE Life And Pensions
- Statutory 8% interest in line with guidance issued by the Financial Ombudsman