Guaranteed minimum pension or annuity ???

minty777

Aviva_company_representative wrote: »

Hi skronk,

I'm happy to refer to our Pension team here and ask they look in to things for your wife.

If you can ask your wife to contact us at [EMAIL="social@aviva.co.uk"]social@aviva.co.uk[/EMAIL] with the following information, I'll do all I can to help:

• Full name
• Date of birth
• Postcode
• Pension reference number
• Contact number
• Please also mention this thread so we can link the email and the information here together

I hope this helps

Many thanks,

Marv
Aviva Social Media Support

Oh look its the "do nothing" department.

woolly_wombat

Please do let us know how you get on skronk.

Rev_Dave

Hi I have a GMP with Aviva worth just over £80,000. In Sept. last year I was told there was enough in the fund to be able to transfer the money out of the GMP and go with "Partnership who were offering me a £20,000 Lump sum and an annual (Non GMP) pension of £3,300 a year. Aviva were offering £510 P/A but no lump sun. so I applied through my IFA and signed all the papers for transfer. Aviva came back and the market has moved and there is now not enough in the fund to be able to transfer out? How do I get out of this Aviva "trap" Help please???

Rev Dave

dunstonh

Rev_Dave wrote: »

Hi I have a GMP with Aviva worth just over £80,000. In Sept. last year I was told there was enough in the fund to be able to transfer the money out of the GMP and go with "Partnership who were offering me a £20,000 Lump sum and an annual (Non GMP) pension of £3,300 a year. Aviva were offering £510 P/A but no lump sun. so I applied through my IFA and signed all the papers for transfer. Aviva came back and the market has moved and there is now not enough in the fund to be able to transfer out? How do I get out of this Aviva "trap" Help please???

Rev Dave

You can give up the GMP and transfer out but if the GMP is valuable, that may be a costly error. Alternatively, you could wait it out.

DaisyM_3

Rev Dave - is this a section 32 pension? If so you are entitled to receive the gmp stated in your policy at the date stated in your policy, whether or not there's sufficient funds.