Welcome to Beat the Banks

Find Us

87 Commercial Street,

Dundee DD1 2AB

The Heat Continues for Firms Involved in Defined Benefit Transfer Advice

During a debate in Parliament on 10 April concerning the subject of the British Steel pension transfer scandal, John Glen, the economic secretary to the Treasury announced that the Financial Conduct Authority (FCA) is making individual assessments into the firms who have been seen to provide a significant amount of defined benefit pension transfer advice. He confirmed the likelihood of the FCA going back and visiting a select group of those holding the biggest amount of this type of business on their books.

In December 2018, the FCA stated that in less than 50% of the cases that it had reviewed, the advice was deemed as suitable and that “any firm active in this market can expect to be involved in our work in 2019.” They went on to add that “we will not hesitate to use our investigatory powers where we identify evidence of serious misconduct which could have caused harm to consumers.”

Unfortunately, poor pension advice is something we see all too often. The FCA position on transferring out of defined benefit final salary pension schemes (occupational pensions) is very clear. It is certainly not something for everyone and opening position should always be that, in the first instance, it should not be recommended. All too often, commission driven transfers have happened in the past and continue to happen. It is also clear that in many cases, pension holders who have transferred out are paying good money in on-going advice fees, but in reality, receiving no annual review.

If you have transferred out from a present or past occupational pension scheme and are unsure as to whether you may have received poor advice, Beat the Banks are here to help. You can either complete our contact form and we will be in touch or, if you prefer, you can give our team a call on 01382 200474. If you live local to Dundee you are also more than welcome to pop into our city centre office with any paperwork that you have.

Contact us today to discuss your financial claim for PPI, Mis Sold Mortgages or Pension Transfers. Our team are here to help you, protecting rights and correcting wrongs.

Sign up to Beat the Banks Newsletter

I have read and agree to the terms & conditions
  • Mrs C, Glasgow

    “From beginning to end, Beat the Banks have been very efficient. I am very pleased with the service from Jenna and the team. I am highly delighted and I have been recommending all of my friends.”

  • Shona, Dundee

    “Huge thank you to the team. After attempting to claim PPI myself and getting absolutely nowhere, I got Beat the Banks involved and ended up getting  £12,000. What a result. Beat the Banks made it so easy and were committed right to the end.”

  • Mr A McQuillian

    “From previous experience of PPI claim companies, I was a bit dubious if anyone could help me but I thought I would try Beat The Banks. To say I am pleased with the service and conclusion to my claim is an understatement. Beat the banks and my claim handler in particular handled all aspects of the claim from Clydesdale Bank with professionalism, courtesy, and efficiency to secure a positive result on my behalf. I would certainly recommend the services of Beat the Banks to anyone who thinks they have PPI claim, especially with the Clydesdale Bank.”

  • Mrs S, Falkirk

    “I was apprehensive about using a company to claim my PPI as I had previously responded to a “cold call” and was pestered with calls. I heard about Beat The Banks on a local radio station and because they were based in Scotland I felt comfortable approaching them. I have had a very positive experience with Beat The Banks. They are not pushy and answer any queries timeously. All the Agents I have spoken to were knowledgeable, polite and friendly. After the initial information gathering conversation, they understood my needs and just got on with my claim. No hassle. Even when it was clear that my claim was of a relatively low value they processed without delay. I would definitely recommend using Beat The Banks …. they put all the other companies out there to shame.”

  • T & A, Dundee

    “Down entirely to Mike’s hard work, we previously had a successful claim with Clydesdale Bank. Mike was convinced we had more loans with PPI and he was relentless in efforts to recover our paperwork from the bank. Finally, after many attempts, enough records were recovered to submit several claims. We have now received much more compensation, covering loans going back many, many years. If it had not been for Mike and the team at Beat the Banks this would never, ever have happened. Literally, all we did was sign our name and bank the cheque.”

  • Mrs S, Falkirk

    “I was apprehensive about using a company to claim my PPI as I had previously responded to a “cold call” and was pestered with calls. I heard about Beat The Banks on a local radio station and because they were based in Scotland I felt comfortable approaching them. I have had a very positive experience with Beat The Banks. They are not pushy and answer any queries timeously. All the Agents I have spoken to were knowledgeable, polite and friendly. After the initial information gathering conversation, they understood my needs and just got on with my claim. No hassle. Even when it was clear that my claim was of a relatively low value they processed without delay. I would definitely recommend using Beat The Banks …. they put all the other companies out there to shame.”

  • Mr & Mrs M, Shetland

    “We really appreciate the doggedness and professionalism of Jenna and the team at Beat the Banks. This is something we’d never have gotten round to doing and we’re so glad we went through the process with professionals as we’ve now had great results. Only positives have come from the experience.”

  • Mrs S, Falkirk

    “Excellent service so helpful, I received a substantial sum back that I had no idea I was due, thank you again to Beat The Banks especially to Gary who was so helpful and efficient in every way.”

  • Dave & Linda , Dundee

    “We had no paperwork but £52,500 reasons to say thank you, we are now living our Spanish dream! Exceptional service.”

  • Mr S, Dingwall

    “Have just found out I have won all my cases with the bank, going back many years and been awarded compensation of just over £15,000!”

Web Design by: Purple Imp