Virgin Money's new pension terms
I have just received a letter from Virgin Money about shutting my stakeholder pension and transferring the funds to their new personal pension.
In the new terms, they talk about which court they could sue you in depending on where you live, and that they can close your pension if staff say you've been abusive or threatening to them.
No-one should be disrespectful to pension staff, but I have never come across such confrontational terms for a pension - certainly not from the traditional providers. I can't help comparing it to the Coutts vs Farage issue that was on the news not long ago. It seems amateurish and unprofessional to me.
I guess the obvious riposte is that I should transfer out of Virgin Money then.
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