Certificate Of Preserved Pension Rights

xylophone

I wouldn't expect a deferred benefit statement to show the GMP.

Contracted Out Schemes should have produced a Statement of Preserved Benefits on leaving the Scheme.

This would have shown pre 88 GMP, post 88 GMP and excess at date of leaving.

For example, take this poster:

https://forums.moneysavingexpert.com/discussion/3610501

When I left the company I was given a statement of Preserved Pension and that included a quoted figure of GMP and I joined before April 1988 and left after April 1997.

However, looking at the additional information provided by the OP of this thread, I am now wondering whether Darchem employees, although their company was a subsidiary of William Blair, had a separate pension scheme.

I am also wondering whether this scheme could have been wound up and passed to an insurance company.

I have been looking at an ombudsman decision in respect of another scheme. (R.H. Symonds Ltd), quoted below:

Mrs Symonds’ husband, Mr J Symonds, was a member of the scheme, which was arranged on a final salary basis. He was also a director of the sponsoring employer and a trustee of the scheme.
4. During 1995, the trustees decided to wind up the scheme. They appointed Aspen plc, a firm of actuaries and pension consultants, to advise them. On 1 October 1996, the trustees issued an announcement to members, stating the scheme was to be wound up. Mr Symonds received a copy of the announcement. This stated:
“At Normal Retirement Date, you will have the option of exchanging part of your pension for a tax free cash sum. Also, you will have the option of giving up part of your pension for a dependent payable only if the dependent survives you.”
.....................

On 4 April 1997, the trustees signed the following resolution:
“R H Symonds Limited and Associated Companies Staff Pension and Life Assurance Scheme.
We, Richard Henry Symonds, Michael Rosslyn Symonds and John Jeremy Symonds, being the trustees of the above named scheme hereby notify the following:-
(1) That the above named Scheme be wound up in accordance with the Trust Deed and Rules governing the Scheme.
(2) That there are no surplus moneys in the Trustees’ Bank Account.
(3) That the Friends Provident Life Office be requested to take over the payment of pensions as a direct obligation.”

See post 2.

Another possibility is that the Darchem Trustees bought back into SERPS?

The Op's husband has obtained a new state pension statement that shows he has a substantial "protected payment".

https://forums.moneysavingexpert.com/discussion/comment/72004136#Comment_72004136

but my husband's forecast says £218...

Cat_House

Hi Xylophone,

I did wonder if that might have something to do with his higher state pension forecast. We did not understand how it could be so high.

Is there a way of finding out for sure if this is case? Then we won't have to go chasing pensions anymore.

And if that indeed is the outcome, it is good to see how much the £130 a year has grown.. ��

greenglide

HMRC will know what has happened as they keep all the pension contributions records before people reach pension age.

The people you want used to be "NICO" or "Class 1 Caseworkers " based at Longbenton newcastle. They will be able to find out where the SERPS came from and whether he was bought back into the state scheme.

I dont believe that DWP have direct access to this information.

xylophone

HMRC will know what has happened as they keep all the pension contributions records before people reach pension age.

See post 19.