Ollie Ollerton raises awareness of military pensions scandal

Ollie Ollerton – star of popular Channel 4 show SAS: Who Dares Wins and former Special Forces soldier – has teamed up with a leading law firm to raise awareness of the scale of the military pensions mis-selling scandal.

Ollerton, who enjoyed a distinguished military career before turning to TV and becoming a best-selling author and popular public speaker, is raising awareness amidst fears that over 3,500 ex-military personnel have been mis-sold a military pension transfer.

With so many potential victims of pension transfer mis-selling, there could be tens of millions of pounds of compensation due to those who have been mis-sold. While some may have only lost a portion of their pension, some of those affected have likely seen their pension pot reduced to zero.

In a press release announcing the collaboration between the parties, Ollerton said, “There is no better pension than a UK military pension. They are robust, reliable and stick with inflation. The military community has been infiltrated by fraudsters.”

What does pension transfer mis-selling look like?

One of the most significant issues with pension transfer mis-selling is that it’s challenging to know you’ve been mis-sold. Many people never find out they’ve been mis-sold as they never investigate their pension; they just accept they’ve lost cash and reason that investments can go down as well as up.

However, you’ve got nothing to lose by looking into your pension transfer.

Check out the below list of scenarios. Your pension transfer may have been mis-sold if even one of them sounds familiar:

• Your financial advisor didn’t highlight how your existing pension could meet your essential financial needs.
• Your financial advisor recommended, in writing, that you shouldn’t transfer your pension, but hinted you should anyway, didn’t explain the value of your existing pension, or didn’t explain the risks of transferring.
• Your financial advisor didn’t consider or outline how your pension could help you achieve your stated retirement objectives.
• Your financial advisor recommended you transfer to a specific scheme, leaving you paying far higher management fees than expected.
• Your financial advisor recommended you transfer but focused only on the potential for positive investment returns and not on the potential risks.
• The pension you transferred was your largest or only pension pot.
• Your financial advisor recommended you transfer into schemes that pursue unusual investments like storage pods and student accommodation.
• Your financial advisor didn’t outline the benefits you’d lose by transferring your pension.

Fear your pension transfer was mis-sold? Contact Return My Money today!

Don’t wait until you want to draw from your pension to discover if you’ve been mis-sold.

Return My Money offers a free, no-obligation assessment of your pension transfer, meaning you’ve got nothing to lose by getting in touch and asking us to investigate.If you’re concerned your pension transfer – whether it’s a military or another workplace pension – was mis-sold, contact us here.