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Scottish Widows revaluation payout
Legacy_user
Posts: 0 Newbie
Two years ago I transferred a Scottish widows pension into my SIPP.
I have just had a letter from SW apologising for past valuation errors, and saying they will be sending me a cheque, representing the under-valuation.
Apparently this will be to me personally, not to the SIPP provider, so in effect I will have cashed in part of my pension.
It's not a large amount, so it's pretty immaterial, but on a point of principle this isn't allowed, is it?
I have just had a letter from SW apologising for past valuation errors, and saying they will be sending me a cheque, representing the under-valuation.
Apparently this will be to me personally, not to the SIPP provider, so in effect I will have cashed in part of my pension.
It's not a large amount, so it's pretty immaterial, but on a point of principle this isn't allowed, is it?
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No one else with a Scottish Widows pension ?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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