We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Who has my pension for a month?
Comments
-
It is indeed standard practice. As to who benefits from holding your money....could actually be you, depending on how the markets fluctuate between deduction from your pay and being credited to your pension. If you're investing in units which have dropped in price during that time, you'll be credited with more!2poortoretire said:My workplace pension is debited from my salary ever month on the 28th but I have noticed it does not appear in my Scottish Widows pension scheme for another 4 weeks , normally a few days before my next payday. Scottish widows insist this is “Industry practice “ to credit the investment a month in arrears ! Is this correct ? Who is then benefiting from holding my money for 4 weeks ( not me )?
Has anyone else had this issue?Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards