IFA and training specialist Professional Briefing is offering a no-win, no-fee service to tens of thousands of female part-timer workers wrongly deprived of pension benefits by their employers.
The move follows the House of Lords' ruling in February which agreed with the European Court of Justice on the case of Preston v Wolverhampton which had ruled that pension claims for part-time workers could be backdated to 1976.
Professional Briefing managing director Keith Popplewell believes the case could open up a potential new income stream for IFAs stemming back to 1990, when the European Court of Justice ruled the exclusion of part-time staff from pension schemes discriminated against women.
He says the House of Lords' ruling means there is no excuse for pension schemes to delay a flood of legitimate claims for tens of thousands of cases.
Popplewell's firm is charging £250 per part-time claimant to act on their behalf in negotiations with their firms to secure backdated pension rights to their date of joining the employer or 1976, whichever is earlier. He will return the fee if the claim is unsuccessful.
He is urging IFAs to follow his lead and offer service on the same basis.
“There is some valuable bulk fee-based business to be done here. Certain trade unions have gathered together over 60,000 claimants, most of which should now prove successful,” says Popplewell.