Abbey Pension. Is it lost now?

Curious_Moose

fuzzgun19 wrote: »

It may have been linked to a mortgage hubby had with his ex.

Do you think this has something to do with it?

From memory, personal pension mortgages were simply personal pensions where 25% of the fund would be taken as tax free cash which would be used to pay the mortgage.

I don't think that this would alter any of the questions that would need to be asked. Except possibly add:

5) Have any benefits (pension or tax free cash) ever been paid out from the plan.

fuzzgun19

Thanks Curious Moose.

I will draft a letter to them asking the questions you have suggested, and see what happens. Keep you posted.

dunstonh

Legacy personal pensions usually lapsed with no value if you stopped paying them in the first two years. After that, you would expect a value to be on there even if it very small.

EdInvestor

The reason they lapse is because the high charges (which are front-end loaded) eat away the value.