, The impact of Mis-sold Armed Forces Pensions – How you can recover, Pension Justice

As a former or current member of the British Armed Forces, your pension is one of the most valuable and generous retirement benefits you can receive. 

But what if you discovered that your military pension was mis-sold, leaving you with a significantly reduced retirement income? This alarming reality has affected thousands of service personnel, leading to a growing demand for compensation in cases of mis sold military pensions.

In this blog post, we’ll guide you through the complex landscape of British Armed Forces pension mis selling, providing you with the tools and knowledge to claim your rightful compensation and protect your future financial security.

By understanding the factors leading to a mis-sold military pension, and following the steps to claim compensation, you can safeguard your valuable military pension benefits. 

We will explore the role of overseas companies in this scandal, the legal recourse available for service personnel transferred to personal pensions, and how to protect yourself from future pension mis selling. Let’s dive in and ensure your financial future is secure.

What is a mis-sold military pension?

Military pension mis selling has become a significant issue for many military personnel, with unregulated salespeople and overseas companies convincing them to transfer their funds into private schemes without fully explaining the risks. 

As a result, hundreds of thousands of pounds per individual have been lost, and an estimated 5,000 military personnel may be affected by this scandal, according to reports. The consequences can be severe, leading to the loss of valuable benefits and reduced retirement income.

The Armed Forces Pension Scheme is one of the most generous pensions available, designed to provide financial security for British Armed Forces personnel and their families. 

It is crucial to understand the factors leading to military pension mis selling and the consequences for those affected in order to claim compensation and protect your financial future.

Common reasons for mis-sold military pensions

The mis selling of military pensions occurred due to several reasons, including:

1.  Advised to transfer to SIPP or private pension

Many veterans were advised to transfer their Ministry of Defence (MOD) pension scheme into a Self-Invested Personal Pension (SIPP) or a private pension scheme. 

This negligent financial advice often hinged on misleading promises of higher returns or greater control over their investments. Unfortunately, the reality didn’t always align with these rosy projections.


, The impact of Mis-sold Armed Forces Pensions – How you can recover, Pension Justice


2. Overseas Companies and their role in military pension mis selling

Overseas companies have played a significant role in military pensions scandal, with some being implicated in such practices. In this section, we’ll discuss the challenges in pursuing claims against overseas companies and the importance of staying vigilant when dealing with foreign entities.

Common overseas schemes

While no specific common overseas schemes related to military pension mis selling could be identified, it’s important to be cautious when dealing with overseas pension schemes that are not registered or regulated in the UK. These schemes may pose a higher risk for mis selling and potential financial losses.

By being aware of the potential dangers associated with unregulated overseas schemes, you can make more informed decisions about your pension investments and protect yourself from potential mis selling.

Challenges in pursuing claims against overseas companies

Pursuing claims against overseas companies can be challenging due to the lack of legal jurisdiction in the UK, which can make it difficult to enforce any legal action. Additionally, language barriers and cultural differences can make communication with the company challenging.

Obtaining evidence from overseas companies may also present difficulties, such as limited access to records, and difficulty in enforcing judgments in foreign jurisdictions. Despite these challenges, it’s important not to be discouraged from seeking compensation if you’ve been a victim of military pension mis selling by an overseas company.


, The impact of Mis-sold Armed Forces Pensions – How you can recover, Pension Justice


Recovering Compensation For Mis-sold Armed Forces Pensions

If you suspect that you have been a victim of mis-sold military pensions, here are the steps you can take to seek redress:

1. Seek Professional Advice

Service personnel who have been transferred to personal pensions may be eligible to make individual claims for compensation if they received inaccurate or misleading financial advice when they took out their pension.

Claims for mis-sold pensions can be made up to six years after the pension was sold.  Although, this time limit can be extended if a person who is mis-sold did not realise that they were mis-sold until much later.

Pension Justice can help you claim compensation in three easy steps:

  • Get a free assessment of your claim
  • Let us handle your paperwork
  • Receive your compensation

2. Document Your Case

Gather all pertinent documents related to your pension, including pension statements, transfer paperwork, and any communication with financial advisers. These documents will serve as crucial evidence to support your claim and strengthen your case.

3. Make a Mis Sold Pension Claim

File a formal complaint with the financial institution or adviser responsible for mis selling your pension. Clearly articulate the details of the potential fraudulent investments and quantify the financial losses you have incurred. This formal claim will set the stage for negotiations and potential compensation.

Pension Justice UK can help you to recover your valuable pension funds today.  Call us on

0800 014 8275


This is what one of our clients had to say: 

“I would advise anyone who feels that they have been given bad advice regarding their pension investments to contact Pension Justice to work on their behalf. From my initial enquiry, until the successful conclusion 8 months’ later, Pension Justice dealt with everything regarding my compensation claim, keeping me informed at every stage. I am very, very pleased with Pension Justice and the first rate service they provided.”



In conclusion, Armed Forces Pensions being transferred to unsuitable schemes is a significant issue that has affected thousands of Armed Forces personnel and their families.

By understanding the factors that lead to this, identifying red flags, and following the steps to claim compensation, you can safeguard your hard-earned pension benefits and secure your financial future. 

It’s crucial to stay informed about pension schemes, seek professional financial advice, and remain vigilant when dealing with overseas companies to protect yourself from potential fraud or advice that would not benefit your pension funds in the long run.

We hope that this blog post has provided you with the tools and knowledge needed to claim compensation for a mis-sold military pension and protect yourself from a pension transfer that could lead to significant losses. 

By taking action and staying informed, you can ensure that your financial future remains secure and that you receive the retirement benefits you deserve. Don’t let mis selling jeopardize your financial security – take action today and protect your future