We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Finding a specialist Pensions Actuary
jewellery10
Posts: 43 Forumite
I need help in finding a specialist pensions actuary who may possibly assist me in checking a pensions mis-selling guarantee offer from Pearl Assurance.
The background is that my husband died as a result of a Road Traffic Accident in October 2009. He had been mis-sold a private pension by the Pearl, but I was aware that he had a "guarantee" from the Pearl that his pension would be guaranteed to be equal (or better) than his occupational pension scheme that he would have joined if the Pearl had not mis-sold the private pension.
The service I have had from the Pearl has been awful; and here I am 3 years later and I'm still trying to understand the methods and calculations the Pearl has used to make up the offer(s) I have received.
Every time I query a calculation, the numbers change, and also the guarantee is made up of an annuity then the mis-selling compensation on top. The annuity quote varys due to the economic climate at the time.
I need to find a financial expert who can help me understand the numbers. I have complained to the Financial Ombudsman, who have agreed that the service I have received from the Pearl has been lacking and they have awarded me a nominal compensation amount. However, even they will not commit themselves to confirm if the calculations being made by the Pearl are "correct" or not.
Where can I go to get the expert advice I need? I'm at the end of my tether.
Any guidance appreciated.
The background is that my husband died as a result of a Road Traffic Accident in October 2009. He had been mis-sold a private pension by the Pearl, but I was aware that he had a "guarantee" from the Pearl that his pension would be guaranteed to be equal (or better) than his occupational pension scheme that he would have joined if the Pearl had not mis-sold the private pension.
The service I have had from the Pearl has been awful; and here I am 3 years later and I'm still trying to understand the methods and calculations the Pearl has used to make up the offer(s) I have received.
Every time I query a calculation, the numbers change, and also the guarantee is made up of an annuity then the mis-selling compensation on top. The annuity quote varys due to the economic climate at the time.
I need to find a financial expert who can help me understand the numbers. I have complained to the Financial Ombudsman, who have agreed that the service I have received from the Pearl has been lacking and they have awarded me a nominal compensation amount. However, even they will not commit themselves to confirm if the calculations being made by the Pearl are "correct" or not.
Where can I go to get the expert advice I need? I'm at the end of my tether.
Any guidance appreciated.
0
Comments
-
http://www.pensionsadvisoryservice.org.uk/
May be able to help with your complaint or at least point you in the right direction0 -
A firm like OAC will have the specialists available to help you:
http://oacplc.com/expertwitness/
But be aware that that actuaries are highly qualified professionals and their hourly charge out rates will be high. The cost of appointing them to do the numbers on your behalf could be worth more than any revised payout you receive.
(P.S. I don't and never have worked for OAC.)0 -
You can also search the whole of the actuarial profession here
http://www.actuaries.org.uk/research-and-resources/find-actuarial-firmWarning ..... I'm a peri-menopausal axe-wielding maniac
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards