Preserved final salary pension

atush

Actually, intellectually, you would suppose the opposite.

As before, you would be enticed by one of these scammers with Pound (/dollar) signs in your eyes. After all, why else would you give up a no risk to you guaranteed income for life?

but now, everyone should know that at 55 they can access a DC pot. Sure some will want to transfer out of a DB scheme. but those from unfunded public sector schemes will no longer be allowed to, and supposedly there will be information to others not to do so- these do not exist now.

So one could conceivably not expect an increase. In theory. as no one can truly know how stupid people can be?

agarnett

dunstonh wrote:

... as this money is not working for me ...

Which is !!!!!!!!. However, it is similar !!!!!!!! they told one of my clients when they used an example illustration from aviva to show that the plan was dropping in value (the low rate illustration shows a negative for example purposes - the plan was growing in reality).

Another Aviva plan ? Or could it have been any example provider's illustration ? Negative growth in an illustration ? Seems a bit of a negative sell, surely ? How's a sale achieved after a client has been so briefed ? So do such sales sometimes become "I told you so", or might it actually never be negative for long in most months of Sundays seen so far anyway ... er ... ?