Axa Sunlife

TheAircrashBureau80

iris1957,
I can't understand why you've been messed about, many others have had settlements even if they complained, so I can't see why this is happening to you. It may be best to fill in the forms again and let the process take its course. Once you get your settlement all you can do is to put this sorry episode down to experience, and if you do make any future investments be sure to seek good advice from an independent financial advisor.
TAB80

iris1957

i guess i am one of the unlucky ones, forms filled in and sent again fingers crossed this time no hitches

takesyourchances

Good luck with it all this time, I sent my forms off and one week later both funds was paid into my bank a week after they would of received my signed paperwork.

To my surprise again there was around £300 more paid in between the two funds than what was on the surrender values that I signed a posted off.

Then afterwards I received more letters saying there was final bonus's added to the funds.

I am glad to have these finally finished and received in the bank and now moving onto a new direction now.

Best of luck with those Iris.

Best regards.

iris1957

thats great glad you and aircraft got sorted. i think my plan must have been different to you both. did it take 10days in all from when you sent surrender claim, asuming it took a couple of days to get to them? they said 10-14 to me!

takesyourchances

Thanks, it is possible your plan was maybe not a bonuscashbuilder.

It took maybe 3 days to get the paperwork and 1 week from it was returned to them for them to deposit it, so yes around 10 days for the whole process to complete which was faster to be honest than I expected.

Hopefully this time it will complete for you inside a decent timescale.

Best regards.

iris1957

thanks for replyingx

sometimesaver

I've been paying into a bonus cashbuilder since Dec 1999. Started off at £10 now paying £20 a month. Policy due to mature Jan 2015.

After reading some of this thread I phoned today to get a surrender value. To date I've paid in £2780. I was quoted a surrender value of £3370, a gain of £590.

I also asked for a projected value when the policy matures. At 4% it's £4150. So if I keep paying in and the policy makes this target I'll pay a total of £3240 and make £910.

Cash in or keep paying? Anybody got any thoughts on what they would do in my situation?

iris1957

i would advice you to cash it in. you will have paid in another £480 in 2 years anyway not much differentx

iris1957

anyone know about company pension section plan 32, i have been getting regular statements from at first norwich union now its aviva last 3 years or so,its a frozen pension from a biscuit factory i worked in 25 years ago started off with £5,688 now with added bonuses its at £9,588, with another different sum assured of £13.146. i have not paid a penny into this since i left company all those years ago. i read somewhere you can take pension early at 55, but when i asked them they said im sorry but it is not possible for us to ay the full GMP of £1,966 now??? where did that sum come from?? you have not reached the level of pension required?? can anyone make sense of this? help!

bigadaj

For a full explanation post on the pensions board.

A gmp is normally very valuable and means that the pension company has guaranteed a high level of payments. The company did this years ago as it wasn't generous at the time, but with reductions in rate it is far better than what you can get elsewhere.

The insurance company would be very keen to get rid of these, and so will show no flexibility if you decide to change any terms such as retirement date. If you do this then they will just give you the pot to buy an annuity with, possibly getting a third of what you currently have.