Anyone who has suffered the occurrence of a mis-sold final salary pension could be entitled to up to £150,000 in work pension compensation. How to get compensation of up to £150,000 for a mis-sold pension It often starts with a cold call. The amount of that compensation can vary greatly from case to case depending on your circumstances, but on average we recover £37,000 for successful pension mis-selling claims. For context my final salary pension would have paid me £23,000 annually and the pension I transferred to is going to pay me £6900 annually. A final salary pension offers a guaranteed set income from the date of your retirement to the date you die. Of course, as thatâs an average the amount you are awarded could be less â or considerably more. If any of the above sound familiar, itâs possible that you were mis-sold your pension plan, and if so, itâs your right to take action. For many years, unscrupulous financial advisers have been persuading pension ⦠Here at Legal Expert, we have many years of experience in the industry and we may be able to help you to make a claim for mis sold Shop Direct Pension compensation. Here at Pension Justice, our team of financial experts are highly experienced in pursuing a range of claims, including claims for work pension compensation due to a mis-sold final salary pension. This includes people with health conditions or lifestyles which could have meant they were eligible for an 'enhanced' annuity and have lost out significantly from not shopping around. Compensation for mis-sold annuities Certain people will be entitled to claim for compensation on their mis-sold annuities. The data, first reported in FTAdviser's sister publication the Financial Times, showed pension mis-selling related payouts amounted to more than ⦠Sometimes a final salary pension is known as a work or career average pension which is based upon the average salary you received from your employer throughout your working history. Average compensation claims are currently sitting at around £25,000 for private pensions and at £50,000 for final salary pensions. Those with claims larger than £50,000 ⦠admin Category: Miss sold pensions small If you have mis sold Shop Direct Pension you maybe able to claim compensation if it has affected you financially and claims made could possibly be against the financial or pension advisor that mis-sold the pension. A mis-sold pensions expert will offer impartial advice, and help you to make a claim and receive compensation, if required. Analysis by Pension Claim Consulting managing director, Sarah Stokes, showed that of the 275 complaints made about mis-sold pensions last year, just 40 (14.5 per cent) came from women. If your instincts are telling you that you might be a victim of mis-sold pension, don't hesitate to call Angelus Law. Mis Sold Pension compensation pay-outs where £40m in 2018 and likely to grow substantially over the next decade according to the FSCS. Fewer than one in five pension compensation claims came from women in 2019, analysis of Financial Ombudsman Service (FOS) data has found. This is index-linked to current inflation rates. Experts believe that the total figure for mis-sold pensions will end up being in the region of £10bn. We are experts in claiming compensation for all types of mis-sold pensions including final salary and SIPP claims. Our team works hard everyday to recover money for our customers. 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