serps opt in out ?

ard123en

hello

Ive been cheaking all my finances over the past few days

I realised that between 1988 to 92 I was paying serps to royal london

then between 1992- 2001 i was in my companies scheme

but since 2001 to now the money had been going to royal london again

I had not realised this is there a way i can find out if i was dissadvantaged by this

Ive asked royal london for a projection.

Im told the latest general advice is to opt back in ?

im 37 so have about 27 years left before state retirement age

Arden

dunstonh

I had not realised this is there a way i can find out if i was dissadvantaged by this

Not much you can do it you were. What happened is correct. If you chose not to contract back in and did not seek advice from anyone on change of employment, then you have no-one to blame.

Im told the latest general advice is to opt back in ?

It's not actually. There are pros and cons of contracting in and out and it depends on which pros and cons match up with you.

There are now comments being made that bulk contracting in done by some companies could be considered a breach of the TCF rule with the FSA and will financially disadvantage a number of policyholders. It's probably a minority number with some of these companies but still some will be worse off because of their actions.

im 37 so have about 27 years left before state retirement age

The old way of looking at age and income as the two main things to make the decision are no longer enough. Since S2P replaced SERPs, the options to consider have increased.