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Pension losses in five and six figures
Comments
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Give what up?0
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Your trolling for business0
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Excellent. a list of answers to unknown questions. Here is my list
1 - banana
2 - 4
3 - waste of time.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 -
People have been surprised to see compensation for loss of future benefits relating to guaranteed annuity rates hitting £50,000, £75,000 and even £100,000 plus.
If you have been advised to move your Retirement Annuity Contract , S226 or Personal Pension Plan pension pot to another pension, for example a Self Invested Personal Pension or SIPP for short, you should check with the company you took a pension out with in the 80's and 90's, the annuity rates on some policies was in excess of 10% which is more than twice what you can get today.
If you had a policy with Prudential, Scottish Widows, Norwich Union, Equitable, Scottish Amicable, Standard Life, Commercial Union or any life office you should ask them if the plan you were switched or churned out of had any guarantees of basic annuity, annual bonus and/or terminal bonus you may have lost out on a pension for life which would have been at least double what you can get with what is left in the plan you hold today.
Alternatively you can ask for your file to be reviewed by your adviser or you can instruct a lawyer or a claims management company that understands these things.
What is the purpose of this post?0 -
To Troll for business thru PMs I assume. But of course, I could be wrong.0
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Quick evan - you need to run quicker than that.......quicker still or you will miss that ambulance that you are chasing!!!!!!!
Used to be an advisor but no longer!
Still qualified and active in the FS industry!!!0
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