Mineworker awarded £56,692.67 following mis-selling of Pension

Corries Solicitors Ltd have won a pension claim for a former Mineworker who was mis-sold a pension.

The Background

Mr F from Doncaster transferred his Mineworkers pension in 1989 to Confidential Life (now Sun Life Financial of Canada). He did this when the pit which he worked in closed down.

Our client was persuaded to move his pension when promised he would get a much better return by transferring his deferred pension.

What we did to make the claim

Mr F became aware that he may have lost out when he saw an advert in 2016 placed in a national newspaper by Corries.

After receiving instructions we contacted the Mineworkers Pension Scheme and Sun Life Financial. We found out the date and amount of the transfer and to see if a claim could be made.

Corries were also able to show that Sun Life had not correctly reviewed the pension transfer in line with the Mis-selling of Pension Provisions.

We submitted a formal complaint into the advice to transfer a final salary pension to a money purchase pension.

Sun Life made enquiries and agreed an award to Mr F of a lump sum net of tax of £48,333.34.

Mr F was very pleased with the award and our service.

Corries Pensions Specialist David Lamb commented;

” Our client is one of many thousands of hard working people who paid into a pension hoping it would look after them.

He was badly advised and did not know he had lost out or how much until he saw our advert.

He is very pleased with the result. This will help him enjoy the retirement he deserves.

I am really pleased that our hard work has helped him secure what is rightfully his.

We are as delighted with the result as him.”

If you or a family member may have been affected by a mis sold pension then contact Corries now on 0800 988 7997. Our team of specialist advisors can help you find out if you have a claim.