Sun Alliance Personal Pension Plan 1986

camberwellbeauty

Hi I am new to this forum. I write on behalf of my disabled husband who will be 65 in June 2015. He took out a 'PPP (With Profits) For the Self-Employed'in 1986 (Benefit Date 14 June 2010) with Sun Alliance. In October 2000 he was advised by Inland Revenue that he was unable to continue paying into this policy as he had had to retire early due to permanent ill-health (multiple Sclerosis). He then wrote to SA asking for available options. He also informed them at that time of our permanent move to Ireland and therefore would not be a UK taxpayer, although he does still receive contr-based ESA, formerly Incapacity Benefit. The original Guaranteed Basic Sum was £3862 and Guaranteed Rate of Annuity at Benefit Date £92.50 for each £1000 of Policy Proceeds available. His premium was £10 p.month until 2010. He decided on a lump sum (£329.97) and an annuity of £103.56 pa which he continues to receive. We have had numerous letters from RSA, Phoenix and Canada Life over the years, and quite honestly, have no idea if this old policy and his so-called benefit from it, was correctly dealt with? I have recently seen websites saying that personal pension policies may have offered a waiver of contribution insurance tickbox, in case of illness. I have no idea if he ticked this. Please can anyone advise if we have any redress.

dunstonh

We have had numerous letters from RSA, Phoenix and Canada Life over the years, and quite honestly, have no idea if this old policy and his so-called benefit from it, was correctly dealt with?

In what way do you think it hasnt been correctly dealt with?

I have recently seen websites saying that personal pension policies may have offered a waiver of contribution insurance tickbox, in case of illness. I have no idea if he ticked this.

This was offered on personal pensions but not typically section 226 retirement contracts. If it was an option, then it would have been selected at point of sale (1986). Not later.

Please can anyone advise if we have any redress.

It was bought two years before regulation and nothing you say suggests any wrongdoing.

camberwellbeauty

Thank you for your comments. It seems I have been worrying unnecessarily based on what you say. I am grateful for your knowledge.