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Ex employer has offered 100% incentive to leave company scheme
My other half worked for a company for 2-3 yrs and had a non contributory pension scheme and accrued a pension fund of close to £10k in the time. The employer is now offering her a transfer value of £20k to leave the scheme (plus £1k cash). We'll probably take up the offer but wondering what the options are for…
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Transfer out of NHS pension scheme - compensation?
Was speaking to my mum at lunchtime. She's 57 and a nurse. In the eighties (not sure exactly when), she was advised to transfer out of the NHS superannuation scheme, which she did, and now has a pension with Scottish Widows. But of course has missed out on any employers contributions (and final salary benefits) since the…
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UK Pensions Now In Surplus !!!!one!!eleven!!
As you can probably tell from the title of this thread, I'm not entirely convinced by this. http://www.themoneypages.com/story.asp?storycode=21274&newstype=N I'm having difficultly seeing how this actually translates into "no more pension problems" which is what the article clearly appears to be trying to infer....
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help pls
Hello all My name is Jim I am 27 years old married with 2 small children both under 2, I have a £150 k mortgage and the odd bit of spare cash after paying off the important things and a few minor luxuries (max £200 month). Apart from the mortgage I have no other debts and have 4K in ISAs I have no pension and therefore no…
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Stakeholder - compared to SIPP
Hello I like to take control of my finances and have a number of pensions and investments including ISA, Cash, SIPP and closed Employees final salary pension etc. My wife is self employed and not at all interested in the finer details of investments, any recommendations from myself are treated with suspicion, and rightly…
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Group Flexible Retirement Plan
I work or a company that setup a group personal pension for all employees, the company pay 5% of my salary and I match it, I along with all the other employees have received a letter informing us that the company has setup a new standard life group flexible retirement plan., we have the option to join, but we have no…
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group personal pensions
Can somebody clarify, where an employer arranges a group personal pension, where the contract is essentially still between the provider and the employee, does the employee have an influence over the type of investments made with those funds, as the employee would if they had arranged it themselves?
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Austrian need help ...
Hi all! I am from Austria and work at a University. Our univsersity offers a pension scheme, which I pay contributions to since I started work. My partner works here now for about a year and we realised now that he does not pay any pension. His firm does not provide a pension sheme and he also does not pay towards state…
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What would you do if...
You are single with no dependants You are 40 years old You own a house with no mortgage You have no debts You receive an income from savings/rent which provides a comfortable living You don't spend the income you receive from your job This is the position I am in, what would you do ? Would you continue to work, take time…
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so how do I find a good IFA?
I need a little advice. I understand that I must have an Independant Financial Advisor for my pension company to deal with, the question is where do you find a truly independant advisor who is not simply going to try to sell you somthing from the company that pays them the higest rate of commision? I know I'm just an old…
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pension rights re divorce
if this has aleady been asked sorry. when ex & i divorced i was awarded 50% of his pension up2 the date we split up.i have, on the advice of independant advisor left it where it is (paperwork still being sorted) if i was in future to remarry would this forfiet my right to this pension
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what can I do with this pension?
I have a pension with the Prudential from years back, carried over from Scottish Amicable can`t get any sense from the Pru, only a nice man in god knows where.:confused: My problem is that its worth only about £12.5k when it matures in July on my 60th. I would like to take it in cash as I`m been out of work for 2 years [ I…
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Dads pension query
Dad is 73 and gets state pension plus a small amount from an old employers pension scheme. Has had a letter stating that this ension scheme is in trouble and giving him three options. He is interested in taking offered lump sum of circa £7K. What would the tax implications be? Will this be taxed at source and then claimed…
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future plans re: SERPS and Personal Pensions
Hi, Just read something that caught my eye regarding future plans about SERPS and Personal Pensions. http://www.h-l.co.uk/news_and_expert_views/expert_views/articles/680/rq/article.hl Specifically, the last sentence says "S2P is going to be restructured over the next few years, and the option to contract out via a personal…
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Please help with my retirement strategy!
Hi I have a couple of questions, and would be grateful for a response to any of them. First of all, DH is 38 (I am 30) and he is the sole wage earner in the family. 1. DH has a Scottish Life Talisman PP with a value of £6100. It is in "paid up" status and has been closed for 5 years. We cannot add any more money to the…
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Will the stock market stay high for my SERPS
I opted out of SERPS for a number of years from the 80's to late 90's with HSBC as the provider. Over recent years the fund (balanced option) has performed pretty well and now stands at £32k. My dilemma, with some 3 years (my current plan) and possibly 8 years (@65) from retirement, do I switch to a more cautious option.…
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ill health pension entitlement
I worked for royal mail for 17 years and was made redundent in 2000 my pension was frozen, now i was told i had leukemia IN 2001 and i have the type that is not curable and now due to ill health i can no longer work can i get A full pension from royal mail pension fund even thou i dont work for them IAM 51 YEARS OLD.
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Pension Advice Please
I have a SIPP with Alliance Trust made up of investments in a number of Global Growth Investment Trusts quoted on the LSE. I am 50 next year and therefore have the option to take 25% as a tax free lump sum and buy an annuity with the balance. I may take the annuity option next year or postpone it until a few years time. I…
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Pensions: the rubbish funds
Billions lost in old dog funds Got your money in any of these? Time to move it on... #Zurich is running one of the largest under-performers, comprising the old high-charging Allied Dunbar funds, managing £12.8bn. Its 140,000 investors, with average holdings of £91,700, have earned only 86% of the growth in the All Share…
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Women's state pension: are you missing out?
Women who have low state pensions and spent years at home looking after children may be missing out becsause they have not received Home Responsibilities Credits. http://business.scotsman.com/index.cfm?id=781212007
