Equitable Life With-Profits Personal Pension

arbster

I have tried to make sense of the relatively old posts about the goings-on at the Equitable Life, but I am still confused about the pros and cons of transferring out With-Profits policies.

I have a small (c. £24k) pot in a With-Profits personal pension that I've not contributed to since 1999. I was considering whether to transfer it into my current company pension as it would give me more control and enable me to include it in the overall re-balancing of my portfolio.

Can anyone advise on the key considerations in the Equitable With-Profits debate right now, please?

xylophone

http://www.equitable.co.uk/ifa/the-equitable-personal-pension-plan/

might be worth a look.

arbster

xylophone wrote: »

http://www.equitable.co.uk/ifa/the-equitable-personal-pension-plan/

might be worth a look.

Thanks - looks like I'll need to delve deeper into my policy documentation to work out whether I have a GIR worth retaining. I think...

Pincher

BBC Watchdog had a few seconds on this subject, lots of people who haven't claimed. They gave this number:


UK policyholders: 0300 0200 150


See also:


https://www.gov.uk/equitable-life-payment-scheme#closure-of-the-scheme-to-new-claims




Eligible policies

You are eligible for the Equitable Life Payment Scheme if you hold, or have held, one or more of these policies:

• Equitable Life Conventional With-Profits (CWP) policy bought between 1 September 1992 and 31 December 2000 inclusive
• Equitable Life Accumulating With-Profits (AWP) policy (both individual and group scheme policies) that either started between 1 September 1992 and 31 December 2000 inclusive, or had at least 1 premium paid into it between 1 January 1993 and 31 December 2000 inclusive
• Equitable Life WPA (With-Profits annuity) policy bought between 1 September 1992 and 31 December 2000 inclusive