Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to groundhog7,uspaul666,snowey,Howyoudoin,johnstevens77, for Donating to support the site

Mis-selling claim company

including wills and probate
zico
Lemon Quarter
Posts: 2387
Joined: November 4th, 2016, 12:12 pm
Has thanked: 1241 times
Been thanked: 1216 times

Mis-selling claim company

#576203

Postby zico » March 16th, 2023, 5:06 pm

I've been contacted by a company called Keller Postman who say I'm eligible for compensation because I used a company called Better Retirement(now liquidated) to transfer 2 small final salary schemes into a voluntary pension, using the transfer values provided by the 2 firms I previously worked for.

They take a cut of 25% from the FSA compensation amount. They say compensation is likely to be a 5-figure sum.
Does anyone have experience of this firm, or know anything about this type of process?
Just wondering if it's like 'will tracers' where once you've been notified, you can just contact the FSA yourself.

Thoughts and views welcome.

zico
Lemon Quarter
Posts: 2387
Joined: November 4th, 2016, 12:12 pm
Has thanked: 1241 times
Been thanked: 1216 times

Mis-selling claim company

#576205

Postby zico » March 16th, 2023, 5:10 pm

I'm not sure how to cross-post, but I posted on ' Pension-Practical -Problems' boards before thinking it might be more relevant herr.
More details on my list on that board, but in summary, I've been contacted by Keller-Postman law firm telling me I'm entitled to 5-figure compensation for mis selling of transferring 2 small final salary schemes to money ourchase, and they'll take 25% of my FSA compensation.

Views/thoughts?

Moderator Message:
Threads merged (chas49)

AF62
Lemon Quarter
Posts: 3499
Joined: November 27th, 2016, 8:45 am
Has thanked: 131 times
Been thanked: 1278 times

Re: Mis-selling claim company

#576208

Postby AF62 » March 16th, 2023, 5:25 pm

zico wrote:I've been contacted by…

Views/thoughts?


So ‘ambulance chasers’.

If you actually have a claim then wouldn’t the usual process be to proactively find the firm that will provide the best results, rather than just accept someone that contacts you out of the blue.

chas49
Lemon Quarter
Posts: 2138
Joined: November 4th, 2016, 10:25 am
Has thanked: 238 times
Been thanked: 508 times

Re: Mis-selling claim company

#576215

Postby chas49 » March 16th, 2023, 5:58 pm

1. Did you use Better Retirement?

2. Do Keller Postman say WHY you should be entitled to compensation? Were you mis-sold something?

3. What are KP going to do for their cut, and could you do it yourself?

Alaric
Lemon Half
Posts: 6345
Joined: November 5th, 2016, 9:05 am
Has thanked: 21 times
Been thanked: 1477 times

Re: Mis-selling claim company

#576242

Postby Alaric » March 16th, 2023, 7:39 pm

This may be of relevance

https://www.fscs.org.uk/making-a-claim/ ... ent-group/
You don't need a claims company or a solicitor to make a claim with us, but if you're not good with forms, consider using a friend or family member as a personal representative.

zico
Lemon Quarter
Posts: 2387
Joined: November 4th, 2016, 12:12 pm
Has thanked: 1241 times
Been thanked: 1216 times

Re: Mis-selling claim company

#576258

Postby zico » March 16th, 2023, 10:47 pm

chas49 wrote:1. Did you use Better Retirement?

2. Do Keller Postman say WHY you should be entitled to compensation? Were you mis-sold something?

3. What are KP going to do for their cut, and could you do it yourself?


1. Yes, I used Better Retirement.
2. Keller Postman said that Better Retirement weren't giving strong enough advice against transferring out of final salary pensions.
3. Presumably a standard wording for all similar claims. Maybe I could do it myself.

mc2fool
Lemon Half
Posts: 8852
Joined: November 4th, 2016, 11:24 am
Has thanked: 7 times
Been thanked: 3498 times

Re: Mis-selling claim company

#576266

Postby mc2fool » March 17th, 2023, 2:13 am

zico wrote:I've been contacted by a company called Keller Postman who say I'm eligible for compensation because I used a company called Better Retirement(now liquidated) to transfer 2 small final salary schemes into a voluntary pension, using the transfer values provided by the 2 firms I previously worked for.

They take a cut of 25% from the FSA compensation amount. They say compensation is likely to be a 5-figure sum.
Does anyone have experience of this firm, or know anything about this type of process?
Just wondering if it's like 'will tracers' where once you've been notified, you can just contact the FSA yourself.

Thoughts and views welcome.

I've had BRG ambulance chasers calling me since last March, see viewtopic.php?p=485613#p485613.

After that initial post I had more calls, mostly missed as I tend not to answer if I don't recognise the number, and on looking the number(s) up on who-called-me etc found that they'd been reported as pension ambulance chasers, so assume it was the same bunch. And indeed, after a while my phone was flagging the calls as scams and offered to block the numbers (which changed regularly), which I did. The calls actually stopped a couple of months ago.

I expect that you, like I and the others on the Pensions board that went with BRG, sought them out (if not directly then via SIPPclub) precisely 'cos we wanted an IFA that we were sure would give the OK to a transfer, and indeed when I did it BRG had a (later banned by the FCA) no-transfer-no-fee policy.

As such one side of me thinks it's a bit of a cheek to try for any compensation for mis-selling when the truth is I was an insistent-buyer! And in any case, certainly not via 25%-sucking lampreys ... ;)

Moderator Message:
Thanks for the link to the previous thread from last year! I suggest we keep current discussion on here. I've considered merging the threads but on reflection I think it would be a bit confusing. (chas49)

Alaric
Lemon Half
Posts: 6345
Joined: November 5th, 2016, 9:05 am
Has thanked: 21 times
Been thanked: 1477 times

Re: Mis-selling claim company

#576329

Postby Alaric » March 17th, 2023, 10:14 am

mc2fool wrote:I expect that you, like I and the others on the Pensions board that went with BRG, sought them out (if not directly then via SIPPclub) precisely 'cos we wanted an IFA that we were sure would give the OK to a transfer, and indeed when I did it BRG had a (later banned by the FCA) no-transfer-no-fee policy.


The FCA seem to think that offers of transfer values as compensation for giving up defined benefits are always poor value for money. Perhaps they are, but surely not always. Why then is the shortchanging of leavers from defined benefit schemes not addressed?

mc2fool
Lemon Half
Posts: 8852
Joined: November 4th, 2016, 11:24 am
Has thanked: 7 times
Been thanked: 3498 times

Re: Mis-selling claim company

#691461

Postby mc2fool » October 28th, 2024, 1:01 pm

I've posted on the Pensions board about a letter I have, out of the blue, received from BRG's liquidators, and thought it might be useful to post a link to it here. It's at viewtopic.php?p=691460#p691460

bungeejumper
Lemon Half
Posts: 8559
Joined: November 8th, 2016, 2:30 pm
Has thanked: 3044 times
Been thanked: 4170 times

Re: Mis-selling claim company

#691804

Postby bungeejumper » October 30th, 2024, 7:29 am

Alaric wrote:This may be of relevance

https://www.fscs.org.uk/making-a-claim/ ... ent-group/
You don't need a claims company or a solicitor to make a claim with us, but if you're not good with forms, consider using a friend or family member as a personal representative.

That sounds familiar from my experience with PPI. There was no need for me to use a middleman who would take a cut - the FCA provided a do-it-yourself application form which was perfectly easy to use. And it even did the search for me, to tell me which banks I might have a claim against. I got my money (about £2,250) within a month, if I recall correctly.

BJ


Return to “Legal Issues (Practical)”

Who is online

Users browsing this forum: No registered users and 3 guests