Legal and General - exit penalties

iamesbo

Debt_Free_Chick wrote: »

Although there usually is a "guarantee" of some description at the "maturity date".

Depends on what the policy says.
However if there is no money in the fund how are they going to pay you?

iamesbo

Sapphire wrote: »

I wondered whether anyone could explain the report in today's Guardian about reductions in pension payments.

The report seems to say that investors with with-profit pensions would now be getting less than anticipated once they come to retire.

What is this about? Yet another scam to fleece people?

Any help appreciated.

I think you need to read you policy and see what it says particularly regarding
guaranteees. I expect you can get that information on line.
Do you know the name of the particluar fund?
It might help if you posted it here.
This seems to be the site but one would need to know the details of the fund
to find out more.
http://www.legalandgeneral.com/pensions/