Pension Freedom Rules means we locked your pension

woolly_wombat

princeofpounds wrote: »

Does he know what it has been invested in?


Any normal pension fund will be very liquid - they will typically hold a range of funds, most of which (sometimes all) will hold daily liquidity.


In most defined contribution plans, you even pick the funds yourself, or pick one of the default options the pension company provides.


The problem here is not so much that this is a pension, it's that he appears to have given his money to a dodgy company who have put it somewhere totally unsuitable.

e.g. http://www.cathcartgroup.com/investors/ ??

AnotherJoe

woolly_wombat wrote: »

e.g. http://www.cathcartgroup.com/investors/ ??

Cathcart Group | 200 Reserve Boulevard, Suite 200, Charlottesville, VA 22901

A US company? Yet a UK pension regulator looking at them? Seems unlikely.

Both posters here with the problem expect people to have psychic capabilities to know what they are referring to.

woolly_wombat

AnotherJoe wrote: »

Cathcart Group | 200 Reserve Boulevard, Suite 200, Charlottesville, VA 22901

A US company? Yet a UK pension regulator looking at them? Seems unlikely.

Both posters here with the problem expect people to have psychic capabilities to know what they are referring to.

Just shooting in the dark that OP's user name might have some relevance!

AnotherJoe

woolly_wombat wrote: »

Just shooting in the dark that OP's user name might have some relevance!

Agreed, but which one? A google brings up quite a few. There's a UK one as well but that doenst seem to have gone bust on a quick search.