Beat The Banks

Members of a local authority pension fund have lost six-figure sums after accepting costly mis-advice recommending the transferring away of final salary pensions. Originally held with the Tayside Pension Fund, these inflation-proofed pensions come with benefits and guarantees that are lost imme

Mike Begg, managing director of Beat the Banks, discusses the lack of quality advice when it comes to pension transfers. It’s now an established fact that thousands upon thousands of pension holders have been mis-advised to transfer their final salary pensions elsewhere.