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cashing a personal pension
Hi, Does anyone know if it would be possible to get my savings out of two pension plans I have and invest in something more secure?
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Pensions - FSCS compensation
Martin describes the rules relating to FSCS compensation re pensions as follows: "- important to understand, we're talking about ‘saving’ not ‘investing’; if you put money in stocks and shares, funds that invest in them, and pension funds, then you’ve got a “risk based” investment NOT savings, and a different level of…
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Any Pension Fund Experts - advise pleae!
I've got a pension with HSBC and have split money in funds as follows with the hit I have taken in the last couple of weeks. I made a return of about 13% in the first year (nice!) but this years been a disater (obviously not just for me!) The % down figures are on what I originally put in 20 months ago so I've lost about a…
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Anyone experienced pension miss selling?
hi, first post please go easy! In 2005 I was invited by my local Halifax branch for a "financial review", i expected to be shown how to save money and tidy up my finances which basically were in a mess, it was the begining of the slow spiral down many of us have experienced. Anyways at this review I was basically bombarded…
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Worried for my future
Hi, Sorry if this is in the wrong section, maybe the administrator could move it if he feels there is a more suited section for my thread. I am a 45 year old male. I used to pay into a pension about 10 years ago but had to stop because I couldnt afford it as my ex wife had built up a lot of debt. We finally divorced 6…
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cashing pensions in....
I was talking to my mum at the weekend and she has successfully claimed back an old pension she stopped paying to years ago. She said she got the advice from here. Is it possible to do this? I paid into a Standard Life one about 4 years ago for a year but then started a new one with a different company without…
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early retirement query
Dear All, The trustees of my deferred occupational pension scheme have given their permission for me to take early retirement (due to ill health). I left the company due to ill health in March 1988 having worked there 6 years and have been unable to work since. The benefits would not be enhanced and the factor by which it…
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Pension Commission
I have agreed with my IFA to pay a fee and the commission due to be re-invested. Does the IFA /me have to claim the commission specifically to make sure the insurance company dows pay it into the fund. I'd ask my IFA directly, but question has only just occurred to me and IFA is on holiday, thanks
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S&S ISA v Cash ISA for Retirement Savings
At the start of the year, I suggested to someone that saving for their retirement in Cash ISAs was probably not a good idea because for such a long-term investment as a pension, using cash ISAs would mean the person's savings would be eroded by Inflation. I suggested instead that they should use an S&S ISA and invest in a…
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Early Retirement (teachers pension scheme) Help Please
Hi I am just after some information if possible...I am writing on behalf of my mother who is 57.5yrs old. She is currently on paid leave due to ill-health and is going through the process of occupational health. At present it is unclear whether ill-health retirement will be awarded until further investigation is carried…
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Whats the Best Plan of action?
Currently I have money in a variety of investments for the long term. My question begins with, where do you feel is the most secure place to have your money in these turbulent financial times. I currently have investments in CD's as well as IRA and some stock. Each one has different things I like but would like to know…
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65 in oct.....need state pension advice
The Dept of Works and Pensions are requiring me to furnish them with my birth certificate. They say it must be original and wont accept a copy! I was born outside the UK. There is no prospect of being able to obtain a replacement. I do have an original, which I am reluctant to part with, in case it is lost in the post.…
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CS Pension To A SIPP?
I've looked on this forum and on the Civil Service Pension site (the site has loads of blank pages at the moment) and I cannot find the answer to my query. Is it possible to transfer a Civil Service Pension (I was on the Premium Scheme) to a SIPP? I realise many people would advice against it, but I am just exploring…
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Funds
Is there a table which rates and recommends best performing FUNDs.
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Pay Pension contributions or pay off debt?
Hi all, I am after a bit of general advice on my pension situation, but also some debt advice too. Both are linked hence the reason it's posted here. I am 33 and as yet have no pension plan whatsoever - I started a company pension years ago, but withdrew all the funds shortly before it was to be tied up. So now I have no…
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Clarification needed
My wife will be 60 next July. We have receievd a pension forecast from HM Rev. that she will 26% of the standard basis State Pension. However all of my friends assure me that she will receive more than this, probably in excess of £50 pw based on my stste pension. Is this true?
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Equitable Pensions 0 Foriegn Bank Savers 9
So you invested in a too good to be true foreign bank high interest rate Icesave account and they went belly up........so the uk government will pay you all the money you had saved.....so you dont lose a penny................BUT.....if you saved with a uk bank/financial organisation known as Equitable Life, fully watched…
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Should I or shouldn't I?
I'm 55, and after several years of hell induced by family health issues (almost lost my 19 year old son to leukaemia, then did lose my wonderful wife to a brain tumour) I now wish to step back from my well-paid but frustrating job in local government, and leave afetr Christmas. My current salary is around £38k. I have…
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Need urgent advice about pension lump sum
Hi Earlier in the week i posted on here about my dads pension. Basically he had a pension that he paid into for 3 years, this pension then got frozen and he has now been offered to take it as a lump sum. The letter received from the pension company states: The sum entitled to is £8116.16 25% is tax free, The net payment…
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Take the 25% tax free lump sum?
AS I understand it a 25% tax free lump sum can be taken from a company pension fund in exchange for a reduced pension. What are the arguments for and against this practice?
