Military pension mis-selling affected thousands of veterans, law firm claims

3,600 military personnel 'duped'

Ayesha Venkataraman
clock • 2 min read

Between 2013 and 2015, thousands in the British Armed Forces allegedly fell prey to “military pension mis-selling,” according to law firm Keller Lenkner UK, which is seeking compensation on behalf of those affected.

Military pensioners were given advice by "unregulated salespeople, advisers and overseas companies, persuading them to transfer their valuable military pension into private, unregulated, and unsuitable schemes," claimed the law firm, resulting in the loss of thousands of pounds, with some even losing their entire pension pot. Most of the advice lacked transparency about the risks and potential losses involved in transferring out of the military pension scheme, it added. Keller Lenkner UK's website claimed the company is "one of the most experienced multi-claimant legal firms in England a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Why advisers and clients could benefit from overcoming philanthropy 'reluctance'

Why advisers and clients could benefit from overcoming philanthropy 'reluctance'

‘It is still a financial decision that deserves professional advice’

Sophia Panayi
clock 02 November 2026 • 5 min read
News editor's view: The devil in the Budget detail

News editor's view: The devil in the Budget detail

The news editor's Friday Night Takeaway from 30 October

Isabel Baxter
clock 30 October 2026 • 2 min read
What's spooking financial advisers this Halloween?

What's spooking financial advisers this Halloween?

Experts share what's keeping the profession awake this spooky season

Professional Adviser
clock 30 October 2026 • 4 min read