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Does anyone know how my friend can sell his pension please?
Hi there, please can anyone help me? My friend has been unemployed for a while now as he has had to have a big operation on his knee, he used to pay into a mutual pension wih Scottish Amicable when he used to work for a company 4 years ago. His fund is currently £2010, he rang them to ask was there any way in which he…
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IFA fined 1.1m for annuity/drawdown/transfers misselling
Chase de Vere advisors "may" face disciplinary action.. http://www.citywire.co.uk/adviser/-/news/regulation-training-and-competence/content.aspx?ID=320636&re=4132&ea=156896 5 years ago this IFA company was fine 165,000 for misselling precipice bonds. But still it goes on.... Is it any wonder investors are dubious about…
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BBC Research
I am writing from The BBC and I am currently doing some research into pensions and in particular pension credits. I would really like to speak to anyone who has been receiving benefit payments over the last few years and anyone who has been made aware that they have been receiving the wrong payment. If you would like to…
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"Retire from any significant Earnings"
Hi, I've paid into a Pension and now i'm 50 they said i can have a lum sum put i have to be "Retire from any significant Earnings" does anyone what that means? i've got 1 30 hour job and 2 10 hour jobs. Thanks
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Clueless About Pensions
I have just recently remembered that I had a company pension from my first job which I was basically advised by the salesman to take out as I didn't have a pension (I was 16 or 17 at the time) so I took it out. I stopped paying into the pension when I left the company about 7 years ago and have not made any contributions…
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Defer pension
Hi I will be 60 next month and plan to keep working until I am 65. I have a small pension that I want to defer. I do not pay any money into this pension scheme. They are giving me 2 options - which is the best route to take? 1. We will carry forward the value of any MVR guarantee that you have on this retirement date to…
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Annuity quote
Have to decide on annuity quote on impaired life.:o £1322 level, 10 year guarantee, 50% spouse's pension £919 3% or RPI 10 year guarantee 50% spouse's pension £1203 Level 100% spouse's pension Husband 64, me 58. The level, 100% seems a good deal as it will remain that for however long either one of us live. Since my own…
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Transfer of Royal Navy Pension contributions
I was employed for 4 & a half years by Royal Navy in the early 80s before joining the Police Force. I was not allowed to transfer this as I needed a minimum of 5 yrs. However, is there anyway I can "buy" 6 mths and add it to get it transfered or am I going to have to wait until the age (anyone know what that would be ?)…
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albie steyn
I can save/invest £500 monthly. Currently I dont have a pension/isa or any other form of saving. I am 45 years old and need to save for retirement. Can someone give advice please?
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Help!-Lump sum or bigger pension?
Hello,I require a little help.I am retiring soon,on a Royal Mail final-salary pension,at age 60.Ineed to take out a relatively small lump-sum to pay off a small mortgage and outstanding debt.I am left with the dilemma-to withdraw the maximum sum(to invest elsewhere) or to leave monies in fund.Roughly,£60,000 equates to…
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Please help - First pension and totally clueless!
I've just started a new job, and, having not yet started a pension plan, thought I'd better start one now. I've read the pension section on the main site, but am still really confused, and was wondering if someone would mind giving me a bit of advice? My company offers Stakeholder Scheme with Virgin Money, and,…
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no pension, 42 female - where to start?
Title says it all! I have no pension provision, and am 42 female. i want to start something - anything now - what type of pension should i go for? I dont have loads of cash or any savings at all, I can get bonuses at work sometimes, which i would like to be able to put in as one off payments if that is possible. What type…
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Pension novice poses question
Hi - I'm as green as grass when it comes to pensions and would appreciate some help. I am nearly sixty but have no pension. In the next tax year I will have to pay at 40% although this may not be the case in subsequent years. I understand that if I invest in a pension I can avoid paying as much tax by claiming back a…
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Pension complaint - adjudicator allocated
Hi, About 8 months ago I made a complaint to the financial ombudsman about some financial advice I'd acted upon - basically, taking my civil service finally salary pension scheme and putting it into a private pension. Obviously, on reflection this was a stupid thing to do. I've now been allocated an adjudicator - does this…
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Retirement Investment Account Question
I have a Retirement Investment Account which is worth around £9000. This is not enough to buy a decent pension when I retire so could I claim it as a lum sum? I am 56 years of age and this money would be used to pay off debts which would reduce my outgoings.
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My employer is looking to make pension changes
I've got a few questions that someone may be able to help with. As a bit of background my company is proposing to keep the final salary scheme for present employees but cap pensionable pay rises to rpi +0.5%. The scheme will be closed to new employees, who will be offered a defined contribution scheme instead. Some…
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Pension Transfer Advice
I am looking for some advice about transferring my old pension into my new pension scheme. My previous pension was a final salary scheme with SVSPS, administered by The Pensions Trust. My current pension is also final salary, administered by the employer. Shortly after starting my new job I provided details of my previous…
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Hargreaves Lansdown - portfolio tools - have they improved?
Hi, I notice in one of the sticky threads that H-L doesn't get a very good review for portfolio management esp for shares, but the thread was started in Feb 06! Does anyone have an up-to-date view on that?
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Pension misselling revisited - can we ask for a review?
I know this is rather after the fact. But reviewing my husband's pension arrangements I looked again at the compensation he received for a final salary pension that he was persuaded to move to a personal pension. The compensation wasn't massive. Looking at it now I think that the final salary pension would be worth about…
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Final Salary Pension - National Insurance Contributions
Hi Can someone advise me please. I am about to retire from the police after 30 years service, having paid into the final salary pension scheme. I know that I will be liable to pay 20% tax on my monthly income, but do I also have to pay NI Contributions, and if so, how much. I will be 49 when I retire.