GAR pensions

Terron

I have spoken to Aviva and they say that the GAR does not apply to additional contributions made after 1998.

Using that date I did some googling and found https://www.pensions-ombudsman.org.uk/wp-content/uploads/l00190.doc

That says that Norwich Union said
“…in view of the current low rates of interest in the market place, it has been necessary for Norwich Union, like many other life offices, to review the terms and conditions of our contracts which currently offer a guaranteed annuity rate.
Our Pension Plus contract has been included in this review, and the decisions we have taken for these plans are that:-
· We will continue to meet any existing levels of guarantee, but
[FONT=&quot]we will not accept any future increases or new entrants into existing schemes

It also says that in that case
[/FONT][FONT=&quot]There is nothing within the policy document that guarantees that premiums/contributions can be increased.

My policy document say I may "at any time and from time to time, before the benefit date (...) pay further sums to the Society by way of premium. It seems arguable that they don't have the right to refuse to accept premiums on the same terms, except for the reasons listed in the policy.

Section 4 here is the relevant part.
http://i68.tinypic.com/2qxx8jk.jpg[/FONT]