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is this right?
kennyb
Posts: 4 Newbie
i have recieved a pension statement which was taken out by my old employer. no monies have gone in for several years,it states i have paid in £1,520 the value now is £974.53 is this right. By the way the pension company is AEGON.
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Are you sure it is not 'transfer value'make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
hi, you are indeed right it is "transfer value" but what can i transfer it to.0
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Another pension scheme.I am an Independent Financial AdviserYou should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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It means that if you want to transfer it to another pension, someone has to be paid to do this, which is why there is the difference.
All you have to do is just leave it where it is for the moment till it balances out. And it will, one day, because the pension will grow upwards, best thing to do is just absolutely forget about it for now.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
i have recieved a pension statement which was taken out by my old employer. no monies have gone in for several years,it states i have paid in £1,520 the value now is £974.53 is this right. By the way the pension company is AEGON.
How is it invested and when was it invested.
Investments go up and down. It is possible it is down on its original amount. Or it could be an old plan that had front loaded charges on the regular premium.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 -
thank you for the information, i will just leave it for now and see how it pans out.0
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