Standard Life Shares (been Told Im A Non-eligable Member!!!).

twobob_2

I have a pension with standard life which I had frozen 3 years ago (I got a job with local government & joined their scheme).

Just recieved my Standard-Life guide to the de-mutulisation. I've been told that as I haven't continually invested in my with profits pension I can't vote and will be getting sweet fa should it happen.

I think this is a little unfair.

Any comments or suggestions?

thelawnet

twobob wrote:

I have a pension with standard life which I had frozen 3 years ago (I got a job with local government & joined their scheme).

Just recieved my Standard-Life guide to the de-mutulisation. I've been told that as I haven't continually invested in my with profits pension I can't vote and will be getting sweet fa should it happen.

I think this is a little unfair.

Any comments or suggestions?

Nothing whatsoever you can do.

Not a thing. Don't waste your time trying.

You will get a discounted share offer in due course which might be worth taking up

EdInvestor

Is this pension an occupational money purchase scheme? If so, the trustee of the pension scheme is the member, not you. He will get the windfall on behalf of the scheme members and may have decided that deferred members like you will not be given a share of the windfall.

If the pension scheme was a "Group Personal Pension" you would be the member, even if you were not currently paying into the scheme, and would receive demutualisation benefits.

cheggers

All I can say is you win some you loose some.