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Refused to sign equalisation forms ?????

Hi my wife is trying to transfer a small pension amount into her new company pension scheme and botht the old and new partys have refused to sign the equalisation forms so it can not be transfered.

Any idea why this is and is there anything we can do about it.

Comments

  • dunstonh
    dunstonh Posts: 118,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The taking on of GMP liability (I assume there is GMP here) is too great and they are correctly refusing to sign the forms.

    This often happens on non-advised cases and is a warning that there is a good chance that leaving the pension where it is is the best option. Not transferring it. (rough guide only)
    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.
  • OK thanks. I was trying to transfer one of the 2 small ones my wife has. There is a clause that if she leaves her present company within 2 years of starting the pension then they will claw back all their contributions unless a previous pension has been transfered in.
  • dunstonh
    dunstonh Posts: 118,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    She could pay the old scheme into a personal pension/stakeholder.
    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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