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End of fixed term annuity query
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maggy50
Posts: 783 Forumite
A 15 year fixed term annuity was taken 1995 a small GMP was taken .
Should the pension provider have notified the holder of the annuity in 2010 when they were at retirement age 65 ?
I am asking this for a relative of mine who is as clued up as me rergarding pensions.
Should the pension provider have notified the holder of the annuity in 2010 when they were at retirement age 65 ?
I am asking this for a relative of mine who is as clued up as me rergarding pensions.
Light travels faster than sound.
This is why some people seem as bright until you hear them.
This is why some people seem as bright until you hear them.
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Comments
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https://www.moneyadviceservice.org.uk/en/articles/fixed-term-annuities
Do you mean that the policy matured in 2010? Did the annuitant not notice that payments had ceased?
What does the policy schedule say about what was to happen at maturity?0 -
The payment has not stopped in 2010 and still being paid albeit small sums.
I will! Have a read of the paperwork that he just unearthed I did I only have a cursory look . The provider has always been updated about any changes address etc.Light travels faster than sound.
This is why some people seem as bright until you hear them.0
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