Scottish Friendly CL PRA Personal Retirement

parent13

Can any one help.  Just got my annual statement which I have not paid into for a very long time and totally do not understand it.   Details are:  SFGBMgdPensAcc  holding 2651.098 price 680.6  value 18043.38.  What does this mean?
Then switch out payer  fund CLGBMgdPensAcc value -19244.32 price 725.9 quantity of units -2651.098
Switch payer  SFGBMgdPensAcc value 19244.32 price 725.9 quantity of units 2651.098

I havent got a clue what this all means.  If any one can help that would be great.

Albermarle

 Details are:  SFGBMgdPensAcc  holding 2651.098 price 680.6  value 18043.38. 
No of units ( holding) 2651.098 - price per 680.6 pence - Total £18043.38
Then switch out payer  fund CLGBMgdPensAcc value -19244.32 price 725.9 quantity of units -2651.098
No of units - 2651.98 - price 725.9 p - Total £1924.32 
Switch payer  SFGBMgdPensAcc value 19244.32 price 725.9 quantity of units 2651.098
Same as above
I am just guessing but looks like during the year , there was a switch of funds , probably for some internal technical reason as all the prices and values are excatly the same.

The Top/lower value is probably the final value for the year . Most pension type funds have gone down recently due to Covid 19 crisis.

parent13

Sorry still confused.  What is the pension I am going to get?

[Deleted User]

parent13 said:

Sorry still confused.  What is the pension I am going to get?

There is no "pension" there is a an amount like a building society account. Looks like you have £20k in that pot. You take it out as income, and the pot goes down, but may go up depending on your investment choices.
Without knowing the scheme details - this is just a guess.

Albermarle

If you are over 50 , you can have a free telephone consultation with this government organisation. Maybe a good idea
https://www.pensionwise.gov.uk/en