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NHS Pension Claims

Despite the fact that the NHS pension scheme has continually provided highly attractive benefits through the years, many health workers have been persuaded to leave this occupational scheme and transfer their fund somewhere else. Of course, every case is different, but transferring out of any defined benefit final salary pension scheme, with its built-in guarantees, can result in a significant loss in final pension benefits.

Currently, there are three separate NHS pension schemes in existence – The 1995 and 2008 schemes plus the new scheme in 2015. The latter, which was effective from April that year, is less generous than the previous NHS final salary pension schemes. It can be considered more of a promise to pay than creating a physical fund value that could then be transferred elsewhere in future. Again, from April 2015, it has not been possible to transfer out any pension under either of the earlier schemes.

Sadly, we are aware of nurses having moved away from the profession for a period of time and being advised to transfer away their NHS pension on the basis that the scheme was in some way poor or non-performing. Even re-joining the scheme at a later point may have seen irreparable damage in terms of lost benefits and guarantees.

Especially back in the late 1980s and 1990s, it is also unfortunately the case that some NHS workers were told to contract out of SERPS (the top up portion on National Insurance contributions) and exit their pension scheme completely. Others, in turn, who could have joined the NHS pension scheme, were given financial advice not to and instead, contract out and remain in a private pension. Often, the reason given for either course of action being a potential saving in National Insurance contributions.

The Financial Services Act 1986 became law on 29 April 1988 meaning that poor pension advice from that point in time can potentially be challenged, albeit that in some cases it may have taken place many years ago.

If you think that you may have suffered a loss as a result of poor pension advice, Beat the Banks are here to help. Our free pension check can establish whether moving away has left you out of pocket. To find out more call 01382 200474 or text Pension to 87007

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  • 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!”

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