Teachers Assurance – Complaints
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.