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Tranfer of pension benefits to another pension
I have just contacted prundential with regard requesting an up to date statement of a pensions value. I was told that this pension no longer existed?? and that the value of this pension was transferred to another pension I have with them. I pointed out that I have no documentation to demonstrate what the transfer value…
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Pensions advice needed - not a clue!
Hi all, Sorry if I am repeating questions previously asked on the board - I have been scouring the website to see if I can get anserws to some of my questions but i'm getting very confused with the pensions issue! I currently have a buy-to-let investment which I hope to hold onto until retirement (or sell for a bigger…
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Pension advice: how to get it?
I am 42 years old, my husband 44 yrs and we have (rather late) decided to sort our pensions out. I feel almost embarrassed to go to see someone, as I know we should have done this ages ago. My question is, is there anywhere I can easily see what we would need to accrue in a fund to provide for a comfortable retirement? And…
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Mis-sold??
I have a relative who was advised by an IFA a number of years ago (about 10 I think) to pay in AVCs to top up her pension. The product was sold on the basis that it would provide additional years to her current final salary pension (although she has now just retired). The personal pension was obviously not linked to the…
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Getting money out of pension?
Hi All, My wife has a couple of grand tucked away in a friends provident pension. This was from an old job (since made redundant) - which she kept going as a personal pension. She now has a non-contributory one through her current employer - so she's cancelling the payments on the FP one. She asked FP if she could get the…
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Age discrimination.
We have a load of pension experts on here so I was going to seek some opinion. Following the DTI and DWP joint guidance, on age banding on DC pension schemes do you believe that from December 2006 to date that the age discrimination is addressed should be levelled up in all cases? And also, if pre-December 2006 enhanced…
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SERPS misselling update
FSA delay - further research required Interesting to note that most of this misselling was apparently done by advisors.Judging bythe cost, it might be fatal for some businesses - unless they have already taken steps to offload their liabilities onto the FSCS.:rolleyes:
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What is a dependent in pension terms?
Quote from the Pensions Advisory Service re passing on residual funds in an ASP after you die... "Your residual fund can be; allocated to provide any of your dependants with a pension.." "What is the definition of a dependant ? A dependant is defined as: your wife; any of your children who have not reached age 23 or , if…
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BT Pension Scheme
BT pension Scheme wrote to its' members last month to advise: "We have...reviewed our trustee arrangements and, in line with many other large pension schemes.....(have) appointed a trustee company, BT Pension Scheme Trustees Ltd..to be the trustees of BTPS. Previously, BTPS had been managed by nine individual Trustees."…
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ex service spension disparity
I suggest you and as many of your friends who it affects write to your MP (or Email) them with the following “Service, number, rank on discharge dates of service. Sir I have just been made aware that service personnel who served after 1974 and completed more than two years service are in receipt of a pension for time…
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Pensions...yikes my head is still spinning
Hi, I’ve been reading ‘The Money Diet’ book for about a month on and off, borrowed to me by a friend (see didn’t buy it, saved money there!), I’m in my mid 20s and want to get some disciplines in place before I get older with money. Upon reading the book I found more than usual tips, ideas and suggestions in how to use my…
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Unlocking Pensions
Rather obviously, part of retirement planning involves the question of when one wants to retire. Or whether one wants to retire completely or use a small pension in order to "downsize" to a part-time or less stressful job. Personally, I can't see me doing my present job at age 64 and 11 months. And yet - even though I have…
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More on the ijustice of ex service Pensions
Example My friend 1 died two weeks ago having served 14 years in the army served for 14 years dioschaged in 1972 achieved WOII status no pension My friend 2 died last week served 12 years in the army served for 12 years acheived WOII staus pension received pension of £120 per week. Only one widowreceived an addition to her…
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Confused, you bet
My wife and I are due to retire in 3 years (although I have just stopped work I have enough savings to get thro to 65). Having been sold (and misold) a collection of Phased Retirement plan, personal pensions, FSAVC, stakeholder and SERPS my wife and I should have I value of around £500,000 between us. (Split approx £150000…
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in UK for a few years - worth getting a pension?
we've lived in the UK for a year or so, and will remain here for another few - up to maybe 5 years. currently my company does not offer a pension, but they're planning to start one soon. is it worth me joining the plan? even if the company doesn't make any contributions? (i'm sure they will) if they decide not to offer a…
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Norwich Union Pension - Fund Selection
I posted a question re my Norwich Union (Provident Mutual) pension fund a little while ago and, with your good advice, wrote to NU and got further information on the fund. Now I need some thoughts on what to do next. Current fund value is £26,679.96 with all 1884.311 units invested in the Managed Fund which is medium…
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Should I sign up for this pension?
Hello, I am starting my first job and the company has a pension scheme where, if I pay 6% of my salary, they will match it. I know nothing about pensions but this sounds like a good deal to me - should I sign up? :confused: I hope someone can advise. Thanks. :smiley: ps. They also do free BUPA healthcare worth £480 but I…
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HELP - Nursing home. It costs almost £2,500 each month!
:confused: Can anyone give me any help here? My elderly mother-in-law has dementia and is in a nursing home. She has now used up her savings and has had to sell her house to continue paying for her care in the care home. Not so many years ago, she would have been admitted to a mental health hospital or council run home, at…
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Best way to gain income for Pensioners?
Hi My parents have a property valued at about £160,000. They have looked into the possibility into freeing money from their house, is this a good idea or not and who offer the best deals, what are the pros and cons and is there a better way for them to get a cash lump sum? Any advice would be helpful Adam
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Accessing cash free lump sum
Hi everyone I am a new poster so please be gentle with me!!. My question is what is the best way to access my lump sum from my self employed retirement plan(section 620 of the income & corporation taxes act 1988)?It is only a small plan,£10,000 transfer value with NPI and i have not contributed to this poorly performing…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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Most recent: Buying National Insurance Years Back for your pension by Muttleythefrog
2 April at 8:55PM
