Dod101 wrote:In our (very) local newspaper I see today an ad headed 'Scottish Miners Pension Compensation'. No apostrophe but never mind. It goes on to say that 'We are successfully claiming compensation for former Scottish miners who transferred out of the Mineworkers Pension Scheme', and then goes on to say 'Other Workers Affected' and lists Steel Workers, British Rail, BT, Civil Service, Dockers, Armed Forces, NHS, and as a catch all, adds Manufacturing and Services.
I'm sure that they are indeed successfully claiming compensation on behalf of "miners". Their claim would have been more impressive if they had said "
all miners". And that would clearly have been a nonsense because in many cases the advice to transfer out and claim the lump sum would have been perfectly appropriate. (Miners do, after all, have more severe health issues and somewhat shorter lifespans than most people. Come to that, so do Scottish people in general as a demographic.
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Either way, these chancers are going to have a fair bit of work to justify each individual pension claim. Not at all like the PPI claims, where the default assumption is that the policies should never have been allowed in the first place. (Because, IIRC, the PPI policies were protecting against debt contingencies, etc, which had already been covered by existing measures and were thus completely unnecessary.)
and then goes on to say 'Other Workers Affected' and lists Steel Workers, British Rail, BT, Civil Service, Dockers, Armed Forces, NHS, and as a catch all, adds Manufacturing and Services.
I shall be most interested to see whether any pension transfer claims can ever be made in respect of Civil Service, Armed Forces or NHS employees. To the best of my knowledge, none of those groups were ever eligible to transfer their pensions out ,because their retirements are paid for on a current and unfunded basis out of the national budget expenditure.
George Osborne did tinker for a while with the idea of letting the public sector transfer their pensions out, but eventually somebody reminded him that there
was no separate pot of money for each public sector worker. Never had been, never would be! So it would seem that there won't be much there for the compensation cowboys to work on.
BJ