Annuity fund increases after quotation

Alanxxx123

Hi, I recently triggered my pension after receiving a quotation and deciding on a 25% lump sum and a monthly annuuty pension.
This procedure is currently ongoing, transferring funds from my account to my agent, I've not yet received any money or date when this will happen.
However, the funds value has increased by approximately 10k in a matter of weeks, will my lump sum and monthly pension increase to take this into account or will I just receive what was in my quotation?

Thanks AG

dunstonh

However, the funds value has increased by approximately 10k in a matter of weeks, will my lump sum and monthly pension increase to take this into account or will I just receive what was in my quotation?

Yes.    The value at the point of closure is what you get.    Its strange that it is taking weeks.  Normally Open Market options, or transfers, only take days.  Annuity quotes are normally only guaranteed for 14 days.  After which, you get the annuity rate as it is at the point the money arrives.  And annuity rates have started to fall in the last week.