Lost pension?

moneyangel22

Hi,

I took out a pension when I first started working when I was 16. A man (broker) came round to where my then boyfriend worked and got them all to sign up to a pension with him. I thought it was a good idea so I got him to visit me at home and I signed up too.
Not long after I was made redundant and he said I could freeze the pension until I got a new job, so I did that, but when I wanted to start making payments again he said too much time had elapsed so I had 'lost' my pension and all contributions!!!
I thought no more of it, being a bit naive at the time, but now I am wondering if he was trying to con me??
Surely they can't do this can they??
I don't have any paperwork and can't remember the guys name!!

Help!

Thanks.

atush

try the pension tracing service

http://www.direct.gov.uk/en/Pensionsandretirementplanning/Companyandpersonalpensions/DG_10027189

moneyangel22

Thank you. I tried tracing it a few years ago but had no luck.
I will try it again though.

dunstonh

I took out a pension when I first started working when I was 16.

more likely 18. It didnt drop below 18 until 2001.

when I wanted to start making payments again he said too much time had elapsed so I had 'lost' my pension and all contributions!!!

Pensions from before 1998 typically were priced where the first couple of years premiums went in charges. So, if you stopped before say year 3 then you got no value.

Surely they can't do this can they??

Yes. (if that was the case)