25/11/2025
For many people, transferring out of a defined benefit (DB) pension scheme felt like a sensible choice at the time. You may have trusted the adviser who recommended it, believed it offered more flexibility, or simply didn’t realise the long-term loss it could create.
Years later, thousands are discovering that the advice they received was unsuitable, and that they may be entitled to significant compensation.
At Claim My Loss, we speak to people every day who are only now realising that the decision they made years ago wasn’t in their best financial interests. The reassuring news? It is very often not too late to make a pension transfer claim.
One of the biggest barriers we see is loyalty and fear. Many people dedicate years, sometimes decades to the same organisation. Understandably, they worry that bringing a claim means taking action against their former employer.
But this is not how pension transfer claims work.
In many cases, the claim is against the intermediary or adviser who encouraged you to leave your defined benefit scheme, not the employer or the scheme itself.
This distinction matters, because DB schemes are often referred to as gold standard pensions. Transferring out of them is rarely in someone’s best interest, and advisers have a legal and regulatory duty to ensure the advice they give protects your long-term financial wellbeing.
When that duty is breached, they are the ones responsible, not your former company.
Claim My Loss have successfully supported claims from people across a wide range of industries and pension schemes. Many of these claims were upheld by the Financial Services Compensation Scheme (FSCS) because the advisers involved are no longer trading.
Our latest successful pension transfer claims range in value from £16,000 to £85,000. These aren’t small sums, they represent life-changing compensation for people who trusted their adviser and were let down.
If you’re unsure, or if you think too much time has passed, it’s worth getting in touch. You may still be eligible. See link in bio for details.
