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tonyapple | 15:58 Thu 02nd Feb 2006 | How it Works
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can anybody give me the name of a company that is GENUINE and will help with my claim against a pension company. I heard that they are mainly rip off artists.
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There really is no such thing as a free lunch.


What happens is this - they don;t charge you a 'fee', what they do is take out an insurance policy, which you pay for, and which covers them if they loose the case - so they can't actually loose. If they loose, the policy pays their fees, if they win, yoiu pay it, so they cannot loose, but you can.


Far better - find a reputable solicitor and pay for a consultation and find out if your case is viable. If your solicitor thinks you can win, go for it, and take the risk, if not, at least you have limited losses.


I wouldn't risk the 'no win no fee' boys - two of them have jumped in with claims against me as passengers on a bus that wrote my car off. My solicitor just laughed, and said she'll see them in court - except they won't go, they'll cut and run, and use the policies to get their fees.

Go to an independant financial advisor ( I am one) and get them to handle your claim. In a lot of cases no feee will be charged as if your pension is "broken" i.e high charges/low performance they will transfer your transfer value to a better, lower charged pension and will earn commission from the receiving company for this. If this isnt possible or the case is complex the advisor will charge a fee based on an hourly rate. The no-win, no-fee bunch are all cowboys. If you want more info, mail me.

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