Teachers Assurance was an insurance company that targeted Teachers and, in particular, they sold them pensions.
You may have been mis-sold a FSAVC* by Teachers Assurance if you can answer “Yes” to any of the following statements:
- I was not informed that I could purchase added years in my occupational scheme.
- I thought that Teachers Assurance was part of my Occupational Pension Scheme
- Teachers Assurance told me that their FSAVC was better than adding to my Occupational Scheme
Even the Prudential, which offered the In-House AVC Scheme for teachers, mis-sold FSAVC schemes, as highlighted in the article in the Guardian here.
Despite the fact that Teachers Assurance has now been sold to LV, you can still make a claim for mis-sold pensions if you were employed as a teacher and in a final salary pension scheme.
Even if you have stopped making contributions or have retired, you may still make a claim if you were sold a FSAVC.
*The difference between a FSAVC and an AVC is that the premiums for the FSAVC are paid out of your bank account, whereas an AVC is deducted from your salary.
Get Help With Your Complaint Today & Contact X-Claims
X-Claims has a proven track record in successfully winning maximum compensation for their clients and work on a no win no-fee basis with no up-front fees. You can only make a claim once, so using a professionally qualified regulated firm can be invaluable. If you are unhappy in any way and are dissatisfied with your financial product then please get in touch with us.
You do not need to use a claims management company to make a claim
You can do this yourself for free, and if your claim is unsuccessful you can pursue it yourself with the Financial Ombudsman Service.
If your product provider or your financial advisor is no longer in business, you may be able to use the Financial Services Compensation Scheme (subject to their Rules).
X-Claims Limited is authorised and regulated by the Financial Conduct Authority – FRN: 829746
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