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company pension and serps.
The_Economist
Posts: 653 Forumite
I am in the company pension and have been for a few years now. Years ago they opted out of serps on everyones behalf. This has raised a couple of questions,
should they have got written consent from us to proceed to opt out.
now we have opted out can we opt back in on an individual bases.
Any help would be great.
should they have got written consent from us to proceed to opt out.
now we have opted out can we opt back in on an individual bases.
Any help would be great.
If i could i would, but i cannot so i wont, but maybe one day i will.
0
Comments
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should they have got written consent from us to proceed to opt out.
No. That decision is made at company level. Not individual.now we have opted out can we opt back in on an individual bases.
Not normally. The scheme is either a COMP or a CIMP (O = out I=in) or a defined benefit scheme contracted in or out (which is different to contracting in/out with a money purchase scheme). You dont get the choice individually.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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