Were you advised to move your Glaxo Wellcome (GSK) Pension Fund? If you did, you may have been mis-advised and suffered substantial “hidden losses” running into tens or even hundreds of thousands of pounds.
Beat the Banks continue to deal with many victims from Montrose and the surrounding area who were referred by their local financial adviser to Kenny Simpson of the Independent Benefit Consultancy (the IBC) in Glasgow to move their Glaxo and other workplace pension schemes to the Prudential.
It wasn’t fully explained to victims the huge benefits and guarantees they were giving up by moving, instead they were hooked by the promise of a big tax-free cash payment and a pension pot to call their own. Mr Simpson completely failed to explain clearly to pension holders the massive downsides in transferring.
In times of falling stock markets, it’s particularly brutal news for victims who are now seeing their fund sink in value. But that’s not even the half of it – fund and adviser fees running into thousands each year continually take huge chunks out of their pension, while raging inflation decimates the true spending power of their pot.
Remaining in the Glaxo final salary scheme would have meant absolutely no charges and a risk free and substantially inflation proofed pension for the rest of their days. That’s where the “hidden losses” come in for those mis-advised to move.
If you moved your pension from the Glaxo defined benefit scheme we will check, absolutely for free and with no obligation, the advice you were given. Claiming has no effect on your existing pension, a successful claim simply adds to your retirement savings. It couldn’t be easier, you get in touch with Beat the Banks and we do the rest. It really is that simple.
So even if you think you were given sound advice to transfer your workplace pension, how do you know? That’s why we make it simple. Call our team on 01382 200474 or complete our on-line enquiry form and we’ll be in touch as soon as possible AND remember, that between Beat the Banks and our trusted partners, do all the hard work on your behalf, PLUS claiming has absolutely no effect on your current pension arrangements.
So, what have you got to lose?
