Pension Compensation

coyrls

misuel1955 wrote: »

Because the NHS Pension scheme meant that employees were opted out of SERPS (I think) they would not qualify for the full state pension as the NI contributions were reduced. Is this what the company advertising in the Daily Mail are offering...compensation because the state pension is reduced

No it is not. They are offering to get compensation for people who opted out of their employer's pension scheme. As explained above they would be unlikely to succeed, however a claim for a loss caused by contracting out of SERPS as a condition of joining the NHS pension scheme would have zero chance of success. As I said in my first post, your “loss” is a figment of your imagination.

dunstonh

misuel1955 wrote: »

Because the NHS Pension scheme meant that employees were opted out of SERPS (I think) they would not qualify for the full state pension as the NI contributions were reduced. Is this what the company advertising in the Daily Mail are offering...compensation because the state pension is reduced

You had no choice but to be contracted out with the NHS scheme. Plus, its not a retail scheme under advice. So, you cant be mis-sold it. Contracting out with defined benefit schemes was normal and is very different to contracting out with a personal pension.

My earlier post tells you what they appear to be focusing on. However, I repeat the warnings given as the pension review carried out in the 90s put this issue to bed nearly 20 years ago. It is only a few rare cases nowadays. Claims companies focusing on niche or rare issues tend to have upfront charges. Or initially free but then come back after you employ them saying things like "our solicitors have found areas of concern but to pursue it further they will need a case fee of £495...". That is where they make their money.