Have I been mis-sold an Annuity?

Have I been mis-sold an Annuity?

Advice to transfer your pension plan which included Guaranteed Annuity Rates (GARs)

Many early Personal Pension products and Retirement Annuity Contracts had Guaranteed Annuity Rates built in to the contract, with actual rates (lifetime income) specified in the contract terms.

Over the intervening years, (largely due to increasing life expectancy) Annuity Rates have fallen significantly and those available under new pensions may provide lower lifetime incomes.

If you have been advised either by an Insurer or an IFA to transfer your pension, including Guaranteed Annuity Rates you may be entitled to compensation for being mis-sold a pension transfer.