Yorks Leading Personal Injury Lawyers
Helping the people of York and surrounding areas for over 25 years.
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Successful Stories
Mr B from Doncaster, a worker at Brodsworth colliery. He was advised in 1991 to transfer his pit pension of £13,215 to Sun Life Financial of Canada by one of their agents. Eventually, they accepted responsibility for the bad advice and paid compensation of £192,214.
Mr T from Scunthorpe worked for British Steel and was persuaded by a Prudential agent in 1988 to transfer his British Steel Pension of £12,207 to them. Compensation of £92,232.11 paid.
Mr W of Sutton-in-Ashfield was advised in 1989 by an IFA, Bale Insurance to transfer his pit pension of £5,807 to Standard Life. The IFA was no longer in business and therefore the Financial Services Compensation Scheme agreed to deal with the claim and awarded compensation of £48,000.
Mr M from Crewe worked for Rolls Royce and was persuaded by an IFA, Moray Financial Services to transfer his Rolls Royce pension fund of £3,422 to Scottish Equitable. He was awarded £35,047.20 by the Financial Services Compensation Scheme after a successful claim had been made due to the IFA no longer being in operation.
Mr H of Huddersfield was a miner and member of the Mineworkers Pension Scheme. In 1991 he was persuaded by an agent of the Colonial Mutual (now Aviva) to transfer his pit pension of £4,639 to them. Aviva eventually agreed that he had been wrongly advised to transfer his pension and compensation of £84,456 was awarded.
Mr J from Easington was a member of the MPS and in 1993 was persuaded by an agent of Sun Life Financial of Canada to transfer his pit pension of £10,849.24 to them. In the end, they admitted that this was poor advice and paid compensation £77,461.33.
Mr G from Scunthorpe was a Teacher and a member of the Teachers Pensions. An agent of Sun Life Financial of Canada persuaded him to move his teacher’s pension of £12,228 to them. The pension provider accepted liability for the bad advice and compensation awarded of £121,398.
Mr H from Stoke-on-Trent had an Armed Forces pension and in 1990 was persuaded by an agent of Canada Life to transfer his forces pension of £13,553 to them. Canada Life admitted that the pension had been miss-sold and compensation of £94,930 was paid.
Mr R from Swadlingcote worked for Powergen and had a work pension with them. In 1993 he was advised by an IFA, Paul Child Associates to transfer his pension to Royal London. As the IFA was no longer in operation, the claim was successfully pursued through the Financial Services Compensation Scheme who paid compensation of £48,000.
A work pension claim has meant a miner has won £48,000 for bad advice to move his pension in 1991.
Corries pensions claim team have won his claim.
Work Pension Claim – The Facts
Our client, Mr S, was born in 1938. He worked in coal mines from 1960 to 1991 with a seven-year break in between. Mr S had built up 24 years worth of benefits into his Mineworkers Pension Scheme (MPS) when he was made redundant in 1991.
He was given advice by a local Independent Financial Advisor (IFA). Mr S relied on this advice and transferred his MPS pot to a Prudential scheme.
His case was never reviewed nor was he given the chance to put his monies back in the MPS.
Pension Claim – What we did
Corries specialist claims team picked up the case. We considered that Mr S must have lost out. Our advisors made enquiries and established that the local advisor had gone out of business. It was not immediately clear whether he was a registered IFA or not. We had to make various enquiries. Our team found out that the firm had been taken over and the financial services rules applied.
We lodged the claim and in due course the Financial Services Compensation Scheme (FSCS) have agreed to meet the case.
The Claimant has been awarded the maximum figure the FSCS can grant – namely £48,000.
Work Pension Claim – Case Comment
Work pension claims mean many thousands of ex coal miners could be due compensation
Mark B Dawson, one of our Work Pension Claim specialist claims handler commented
“This is yet another sad case of someone receiving very poor advice at the worst of times. When Mr S retired he had built up a good lump sum from 24 years of payments. This could have and should have provided him with a comfortable retirement. He had not only lost out on payments over the years but the benefits that come with that scheme as well.
He is extremely pleased to receive a lump sum. We hope this will help him and his family enjoy a better quality of life for the remainder of his years.
I remain sure that there are many thousands more people like Mr S who have lost out on many thousands of pounds due to poor or mis timed advice. Hopefully people see our adverts and make sure anyone they think might be affected gets in touch. We are always happy to speak to people to see if we can help. Even if we cannot help then they may get some comfort from knowing that they have tried”
If you or someone you know has moved their work pension then get them to call our friendly team. We can give FREE no obligation advice on (0800) 983 7997. We can tell you if is worth looking into a claim. Call us now.
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Yorks Leading Personal Injury Lawyers
Helping the people of York and surrounding areas for over 25 years.
Over £300 Million Recovered In Compensation
£28,000 - Asbestos Claim
Gloria Langton, Thirsk.
“I don’t think I could have coped without you and your professionalism especially on the day of the final inquest which was particularly harrowing for me. Your kindness and patience towards my father, whilst he was ill, was also very much appreciated. I have and will continue to recommend you to friends, colleagues and family for your services."
£11,240 - Road Accident Claim
Mr Cawthon, Copmanthorpe.
“I thank you most sincerely for all the effort you put in on my behalf. I hope your employers are proud of the fact you work so efficiently and to such high standards.”
£19,000 - Pension Claim
Ms Meakin
“I am very happy that this claim is now finally settled and thank you so much for the service you provided. It was exemplary. And you have been most patient with my numerous phone calls.”
£130,000 - Asbestos Claim
June Abbott, York.
“Thank you for handling Peters claim and getting settlement.”
£19,000 - Work Accident Claim
Kevin Ashton, Huntington.
“Thank you for the cheque for £19,000 in settlement of my claim. Fingers crossed there will not be any further accidents; however I would like to thank you for the professional manner in which you dealt with my accident claim. The most important part of a solicitor's job is communication and I must thank you for the way you kept me updated on what was going on.”
Industrial Disease Claim
Ian Lawson.
“Just to update you. The cheque has arrived. Many thanks for all the hard work you put in to bring things to a positive conclusion. It was refreshingly straight forward and easy to work with you during a challenging time for us all. Thanks for your empathy, help and support.”
Asbestos Claim
Sue & Roy.
"I have to say the service provided by you was excellent, being able to keep in contact and have that professional support is not something we often see and from my experience not a service provided by all solicitors. The last 12 months have been difficult but having your support has made the journey easier. Please pass on our thanks to Howard."
Road Accident Claim
Lori & James.
"Thanks to you and your staff for all your work and time you have given our case. Thank you for your service and I would recommend your company to anyone who asked."
Pension Claim
Graeme.
"Thanks again for all your efforts and I am sure you will realise from my reaction how happy my family are with this fantastic outcome. Your service has been fantastic from start to finish"
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Corries Solicitors Ltd
Melroses Yard
Walmgate
York
North Yorkshire
YO1 9XF
About Corries
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Corries Solicitors Ltd, Melroses Yard, Walmgate, York, YO1 9XF. Registered number: 5517012. Corries Solicitors Ltd is authorised and regulated by the Solicitors Regulation Authority under number: 424101.