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Changing Pension over to ISIPP
Comments
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He has not contacted Standard Life to find out exactly why the pension he has with standard life is decreasing in value. It could be because he is no longer paying into this pension fund.
It wont be because he is not paying in.
In the last three years, values have really only fallen between Oct and Dec 2018. Is it the values or the synthetic pension projections he is looking at? Projections have been falling for years as they have moved from being over-generous to understating and including inflation which they never did previously.
Projections are not a value but lots of people mistake what they are.As for any risk warnings, none were provided by the officer he has been in contact with. I'm beginning to wonder if the person he was dealing was actually from James Hay.
There are many scams out there which spoof a real company.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.0
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