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My pension lump sum was paid out but not to me
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Blimey. that's dire.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
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One debt remaining. Home improvement loan.1 -
they have now sent me an email saying they will re instate the pension but it looks like the offer of a lump sum was a one time only offer back in 2016 which i have now missed out on ! the sum was paid to another person with same name and date of birth as me they confirmed back then they did not check NI numbers. I feel this is unfair and need to find out what i can do as I should still be entitled to be givn the option for the lump sum surely2
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Have you asked them why a lump sum isn't an option?susssy said:they have now sent me an email saying they will re instate the pension but it looks like the offer of a lump sum was a one time only offer back in 2016 which i have now missed out on ! the sum was paid to another person with same name and date of birth as me they confirmed back then they did not check NI numbers. I feel this is unfair and need to find out what i can do as I should still be entitled to be givn the option for the lump sum surelyGoogling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 -
Why didn't the person who received it query it? I would if something like the lump sum due on my pension wrongly arrived in my account.0
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Pretty obvious really - either they didn't think anything was wrong (either because pensions is such a dark art they genuinely didn't have a clue, and/or they did query it and were assured all was well), or they saw no reason to say anything if there was a chance they could hang on to the unexpected windfall.katejo said:Why didn't the person who received it query it? I would if something like the lump sum due on my pension wrongly arrived in my account.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!2 -
Did you keep the pension fund administrators informed of your up to date address?susssy said:they have now sent me an email saying they will re instate the pension but it looks like the offer of a lump sum was a one time only offer back in 2016 which i have now missed out on ! the sum was paid to another person with same name and date of birth as me they confirmed back then they did not check NI numbers. I feel this is unfair and need to find out what i can do as I should still be entitled to be givn the option for the lump sum surelyI think....0 -
They said the lump sum was a one off offer only at that time and to be honest I wasnt aware if i had a pension with them i was just investigating lost pensions and found this out it was around 41 years ago when i worked there0
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What are they offering you - a monthly income? At least that will be a useful bonus in retirement. Must have some tax free cash available though.susssy said:They said the lump sum was a one off offer only at that time and to be honest I wasnt aware if i had a pension with them i was just investigating lost pensions and found this out it was around 41 years ago when i worked there1 -
When they say they are re-instating the pension, does that include the lost investments since it was incorrectly paid out?1
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That is all they have told me on an email they said they will be back in touch in next few days, I would have took the lump sum and hope I am able to get this0
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