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Phoenix life

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Comments

  • ffacoffipawb
    ffacoffipawb Posts: 3,593 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    thebullsback wrote: »
    From Phoenix Life
    Basic Plan Details
    Assured Pension Date -10 Oct. 2015
    Estimated Value of Pension Fund-£29,383.13
    Plan Type- Defined Contribution (Money Purchase)

    Guarantee Annuity Rate and Benefit Available-Here it says to refer to notes below which just states the following "The plan contains a Range of GMAr which apply at retirement for Normal Retirement date
    refer to Policy Document

    Does the Plan have a brand name like Retirement Savings Plan or Retirement Security Plan? Is it a Section 32 policy with GMP?
  • xylophone
    xylophone Posts: 45,909 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Is it a Section 32 policy with GMP?

    Apparently it is a DC (Money Purchase) plan.
    This option uses the GMAr for some but not all of your benefits as defined in your policy.

    What are the benefits of the policy?
    The plan contains a Range of GMAr

    Which means? What is the range?
    refer to Policy Document

    What exactly does it say?
  • thebullsback
    thebullsback Posts: 637 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Emailed phoenix life for Fund Value and rate of any GARs that may apply
    Keep in your thoughts the poor Beasts of burden around the World and curse All who do them harm.
  • dunstonh
    dunstonh Posts: 120,875 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    emailed phoenix.... not expecting a response then ;)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • thebullsback
    thebullsback Posts: 637 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    dunstonh wrote: »
    emailed phoenix.... not expecting a response then ;)

    Are they that bad:cry:
    Keep in your thoughts the poor Beasts of burden around the World and curse All who do them harm.
  • dunstonh
    dunstonh Posts: 120,875 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    thebullsback wrote: »
    Are they that bad:cry:

    No but its best to deal with them as if you are in 1975. Do it in writing.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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