Ollie Ollerton, former UK special forces soldier, best-selling author, and star of SAS: Who Dares Wins, is working with Keller Lenkner UK (now KP Law) to raise awareness of military pension mis-selling. Together, we are helping former and current service personnel get the compensation they are due.
Commenting on this national scandal, Ollerton, who regularly raises awareness of issues facing servicemen and women said: “Our military community has been infiltrated by fraudsters and crooks trying to get their hands on our valuable pensions.”
Between 2013 and 2015, around 3,600 former service personnel transferred their money out of the MoD pension scheme. Many did this after being targeted by overseas companies and unregulated salespeople who convinced them to move their funds into private schemes. All too often, the risks of transferring a military pension were not fully explained, and numerous former and current service personnel have lost thousands because of transferring their pension.
If you were persuaded to transfer your British Armed Forces pension to a private scheme you might have been mis-sold. In particular, you could be involved if:
Sharing his anger over the targeting of military personnel, Ollerton said:
“There is no better pension than the UK military pension. They are robust, reliable and they stick with inflation. To think that the rug would have been pulled from under my feet and my pension would have been stolen would be absolutely devastating.
“Unfortunately, prior to 2015, service personnel were targeted to transfer their valuable military pensions to unregulated and unsuitable schemes. This has resulted in thousands of veterans losing some or all of their pensions. That’s why I’m working with Keller Lenkner UK to ensure that we get justice for the veterans that are affected.”
Keller Lenkner UK is helping those affected by military pension mis-selling claim compensation for their losses. We believe that those affected could be owed hundreds of thousands of pounds.
Many people still do not know that their pension was affected by this scandal – especially if their current pension pot seems healthy. Our expert fraud and investment mis-selling lawyers can help you find out if your armed forces pension was mis-sold. Crucially, if you were advised by a financial adviser who was regulated in the UK to transfer your military pension to a SIPP or QROPS, this increases the chances of us being able to make a successful claim on your behalf.
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