Section 32 problems gmp and aviva

towag

Lekkguy wrote: »

Yippee!,the letter has arrived was dated only 2 days ago.:j

In a way you owe a deal of thanks to Anthony Harris for paving the way to you getting you're pension now....Otherwise you would've waited till your 65th and nothing before it!! ....:)
PersistancePaysOff....?

Lekkguy

Yes indeed Mr A Harris is a wonderful person,full respect for what he has done.

towag

Lekkguy wrote: »

Yes indeed Mr A Harris is a wonderful person,full respect for what he has done.

Why not send him a thank you email...?
antnorm@yahoo.com

Lekkguy

Reading through the pages in the letter and it says from age 65 my GMP is guaranteed for only 2 years?,nothing about that in my policy.Will contact Aviva on Monday and clarify.

waterstar

Lekkguy wrote: »

Reading through the pages in the letter and it says from age 65 my GMP is guaranteed for only 2 years?,nothing about that in my policy.Will contact Aviva on Monday and clarify.

if language such as a "two year guarantee period" is used it is referring to the period, from the commencement of the annuity, that , if you die the annuity continues to be paid until the end of the guarantee period

see

http://www.aviva.co.uk/annuities/pension-annuity/what-are-the-options.html


" Guaranteed period. Aviva offers a minimum one year guarantee period as standard, however you can choose a longer guarantee period of up to 30 years. If you die after 90 days but within your guarantee period, we will continue to make annuity payments to your estate or dependants until the end of that period. However, this does not apply if your annuity was purchased for you by the trustees of a defined benefit pension scheme. "

Lekkguy

Lekkguy wrote: »

Reading through the pages in the letter and it says from age 65 my GMP is guaranteed for only 2 years?,nothing about that in my policy.Will contact Aviva on Monday and clarify.

Just re read the paperwork I presume the guarantee they are referring to is if I die within 2 years of my 65 birthday they will continue to pay the pension up to April 2021 which would be my 67 birthday.

Lekkguy

waterstar wrote: »

if language such as a "two year guarantee period" is used it is referring to the period after your death, from the commencement of the annuity, that the annuity continues to be paid

see

http://www.aviva.co.uk/annuities/pension-annuity/what-are-the-options.html


" Guaranteed period. Aviva offers a minimum one year guarantee period as standard, however you can choose a longer guarantee period of up to 30 years. If you die after 90 days but within your guarantee period, we will continue to make annuity payments to your estate or dependants until the end of that period. However, this does not apply if your annuity was purchased for you by the trustees of a defined benefit pension scheme. "

Thanks for that ,you are confirming what I just posted!.

towag

Lekkguy wrote: »

Reading through the pages in the letter and it says from age 65 my GMP is guaranteed for only 2 years?,nothing about that in my policy.Will contact Aviva on Monday and clarify.

Does it have any guarantees other than the GMP?...... Any EPR? I think you said 3% from SPA or was it from your benefit date of 62?
According to my last Illustration and Quote from Norwich Union, the GMP WILL escalate at 5% from July 2014 onwards

Lekkguy

Aviva have confirmed my EPR is 0% because my pension is pre April1988 as has been mentioned in previous posts.So basically EPR wise I am screwed.

towag

Lekkguy wrote: »

Aviva have confirmed my EPR is 0% because my pension is pre April1988 as has been mentioned in previous posts.So basically EPR wise I am screwed.

No you're not... If it states that you have an EPR that is to be paid, then it should be paid regardless of Aviva's interpretations. If there is nothing in your policy that states or even indicates that the State is liable for anything then Aviva are more than likely liable for it. .... That is why they renege on what they can get away with if you let them... They've been found wrong before, so they can be found wrong again...Your policy is set in stone so to speak... If you listen to all the "experts" on here then quite honestly you are screwed. Its your policy which you agreed and signed with Norwich Union... If you aren't satisfied with Aviva's conclusion, then complain as I am doing so.... I know I have my back dated pension to come, now all there is left to do is sort out the EPR. If I can do it, so can you, or are you one of those people that let others do the complaining?
:cool:
Read this it might help.... https://www.gov.uk/government/publications/state-pension-fact-sheets/contracting-out-and-why-we-may-have-included-a-contracted-out-pension-equivalent-cope-amount-when-you-used-the-online-service