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Transfer of Prudential annuity pension to Rothesay
sally2wright
Posts: 1 Newbie
My father has been drawing his prudential annuity pension for 14 years. Now prudential is in the process of transferring its annuity pensions to rothesay. Can my father withdraw his full pension if he opposes the transfer to rothesay?.
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Comments
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There is no full pension, he bought an annuity with the money from it.
This has been in front of two courts - the first stopped it then the appeal overrode the initial decision0 -
Can my father withdraw his full pension if he opposes the transfer to rothesay?.
There is no pension. He sold the pension to buy a lifetime annuity. It doesn't matter that he opposes it.
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 -
No - but why is he worried? His annuity is exactly as it was before and will continue to be paid as before.sally2wright said:My father has been drawing his prudential annuity pension for 14 years. Now prudential is in the process of transferring its annuity pensions to rothesay. Can my father withdraw his full pension if he opposes the transfer to rothesay?.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
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