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Annuities Conversion
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sidalan
Posts: 3 Newbie
I have a small annuity with STANDARD LIFE and wish to convert it to a cash sum, the amount involved is less than £9000. STANDARD LIFE will not entertain it saying its not their policy. Following the recent pension changes do I have a right to ask for my money? I am already a pensioner in receipt of a good pension from the Navy and from my previous employer plus state pension,serps and Graduated Pension. The amount I get from STANDARD LIFE is miniscule and I could make better use of the Capital,can I demand it?
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Comments
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If it is a compulsary purchase annuity then you cant change it. Once in place, its there for life.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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