Standard Life Company Pension?

mae

I have a pension with Standard life through my company and have been told I can't vote for the demutualisation as its a group pension but I should be eligible for a pay out if thats the way it goes. Does this sound correct and also how do I find out how many shares I have?
Anybody know?

EdInvestor

If it's an occupational pension, the trustee of the scheme is the member and he will vote and get the windfall. Ask him what he's going to do with the money.

If it's a group personal pension, you should be the member who gets the voting papers and the windfall directly. Have you ever received AGM voting paper in the past? If you haven't, it probably means it's an occupational scheme, as above.

mae

Thanks for the reply I'm not sure but from my paperwork it looks like its a group pension and I must be a memeber because I've got a membership number? I haven't received voting papers though?

dunstonh

From my memory,with pensions if the policy number starts with a K then you are classed as owning the policy. If it starts with another letter, then you are not the owner.

EdInvestor

Ask your company to explain the position in more detail.

bob_a_builder

I'm in a Standard Life scheme too, a Group Personal Pension Plan, where I choose which funds to invest in (Mine starts with a K) , got large envelope with loads of bumpf, but no voting papers.
I think you have to be in the "With Profits" fund (What profits ?) to qualify for voting rights and hence the windfall

So currently not expecting any windfall - happy to be proved wrong though

Edit: Ah I see this has already been clarified in the thread "Standard life: windfall who would get this? "
Nothing for me then, as per bl**dy usual

dunstonh

Nothing for me then, as per bl**dy usual

You have probably gained more by not being in with profits and being in the unit linked funds. That makes you luckier than those getting DM payouts