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Is this legal?
I work for a small company in California with under 15 employees. We have a traditional pension plan. Like many companies times are tough. Rumor has it that the owner, also a member of the pension plan, loaned the company money to make payroll this month. I just received a new copy of the pension plan, hot off the press. A…
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Miners Pension
My dad as just passed away and my mother will receive some of my dads British Coal Pension.Please does anyone know what the rate of his pension will be so i can work out the amount my mother will receive each month,i believe it is 2/3 of my dads pension...is this right. I contacted the Pension Scheme who told me that the…
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spx air treatment holdings plc
A desperate plea to see if anyone knows what has happened to these people. My father was paid a pension by them until feb 2007 when it mysteriously stopped. Unfortunately he did not realise until now because my mum who had dementia had becomme more and more demanding and it is only now that she has died that this has come…
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Pension raiding?
I told my mum yesterday that I had started paying into a stakeholder pension (i'm 40...took me a little while to catch up on the fact that middle age is catching up with me!!!:p ) She looked alarmed and said that she thought our illustrious PM and Chancellor may soon feel the need to do a bit of pension raiding in order to…
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Pension scheme refund?
I have recently been made redundant from Northern Rock (31st December 2008). When I originally joined in 2005 I was entered into the pension scheme. I subsequently filled out a opt out form in August 2007 which was under the two year opt out period. However, when contacting Northern Rock regarding this they have replied…
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What Do I do with my small NU pension
I am 60 in March 2009and am staying at work full-time (and will be until I am 65). I am also taking my State Pension monthly. I have accrued £5,865 through the Norwich Union. I am thinking of taking this money in a lump sum but don't know how to invest or save it. Any suggestions greatfully received.:confused:
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Good IFA - where can I find one - are their websites?
I want to speak to an IFA about my pension options but I'm a bit concerned about getting one that isn't very good. Is it pot luck or is there some website/stats that will point me towards a good one? Thanks
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pension savings!
An independant financial advisor in the Western morning news (local devon newspaper) has suggested in these lean times for savers we put what money we have spare and will not need in the foreseeable future into pensions as we will get 25% tax relief. Sounds a very good idea to me what do the rest of you think, I do realise…
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Is there still a case for cummuting pension
I am near either retirement or redundancy. In the current credit crisis is it still advantageous to convert pension into a tax free lump sum? I would want a "safe" Investment for the lump sum. I calculate that a £100000 lump sum costs £5840pa (after tax) in salary. i.e. that I would have to make more than 5840 pa in…
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Pension outlook poor
I was in a company scheme from 1982 to 1994 until redundancy. I was 28 when I started it and before in SERPS. After 5 mnths without work, I got a temp job for 3 months that lasted 6 years! After 2 years I was considered permanent and could have joined the company scheme there. People were slowly being made redundant there…
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Leaving civil service - what happens to my pension?
Hey all Next month I will be leaving the civil service to work elsewhere. I have had a civil service pension since I joined 5 years ago. I'm 26. What happens to it when I leave? Does it get frozen? Is is transferable? Can I still pay in even though I won't be a civil servant? If it's frozen then how do I go about looking…
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pensions insufficiant funds
what are rules on taking pension pot when less than £15000
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Can you explain cashing in your Pension??
Hi I'm a newbie on this site and i wondered if somebody could explain about 'cashing in your pension'???? I'm 37 and have paid into 3 different pension schemes throughout my working career? one of which was a government pension. Can i get the money back out of these that i have paid out then? Any info would be great.…
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What's happening to the Nortel Networks UK Pension Plan?
Does anyone know what is happening to the Nortel Networks UK Pension Plan, now that the company has filed for bankrupcy protection? (hxxp://www.guardian.co.uk/business/feedarticle/8262950) The UK pensions plan (hxxp://www.nortelpensions.com/documentlibrary/FAQ_Update.htm) is already in deficit, and now the £85m per annum…
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do I need a new IFA?
I have 2 pensions at the moment. 1 with my employer, the LA which I have had for 2 1/2 years and the other with standard life which I have had for approx 6 years. I had a previous LA one before that for a couple of years which I transfered into standard life. I was previously paying in £150 a month into standard life but…
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AVC Query
I'm in the Local Government Pension Scheme and intend retiring in May. I started paying just under half my monthly salary into an AVC run by the LGPS provider in December 2008. The payments go into their Deposit Fund. I know you can pay up to half your annual salary into an AVC in the final year before retirement. As I…
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Should I seek prefessional advice?
I am thinking of retireing next year, age 57 ( female). I will have an NHS pension which I could take early albeit reduced. I have a small -frozen- personal pension with Standard life, about £400 per year at last count. Dont get State pension until age 62. Hubby still working. Most people are under the impression that NHS…
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What to do with my State Pension
I have today received a notice concerning my state pension which suggests that I can decide not to have it paid to me at this time but to allow it to accumulate and then withdraw it as a lump sum at a later date (I am still working and intend to do so for the forseeable future). However it would seem to me to make more…
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OMG my pension made money last year
I don't believe it but I actually made quite abit of money on my pension pot last year! I moved my money into UK gilts and cash (I think in March 2008) and I have made money on the gilts. Is this because the UK interest rate was quite high when I moved my funds into them and it's now low? When should I think about moving…
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Do I take my company pension?
I worked for a company for 2 years who had a non-contributory money purchase pension scheme (first job out of uni). The fund was worth about £3.5k when I left a year ago. My new job has a contributory pension scheme (3% of salary) which the company matches any amount I put in. I didn't join the company scheme as I don't…
