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Trying to take pension pot, 55+

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Comments

  • Marcon
    Marcon Posts: 15,806 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    t18con said:
    That's in process now

    Good. If a member ever needed help and support from their trustees, you do now. 
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • t18con
    t18con Posts: 6 Forumite
    Part of the Furniture First Post Combo Breaker
    Right, next development.

    Wtw, through the trustee, have offered 1/3 of the pension 'pot' as a good will gesture, although i can't touch the other 2/3s. The other 2/3s comes in just above their 30k limit,  so I still require FCA approved advice to take the remaining 'pot'.
    I've a complaint with ombudsman, is there anything else? 
  • Cobbler_tone
    Cobbler_tone Posts: 1,548 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    t18con said:
    Right, next development.

    Wtw, through the trustee, have offered 1/3 of the pension 'pot' as a good will gesture, although i can't touch the other 2/3s. The other 2/3s comes in just above their 30k limit,  so I still require FCA approved advice to take the remaining 'pot'.
    I've a complaint with ombudsman, is there anything else? 
    I guess a third as opposed to a quarter is a concession. 
  • Tommyjw
    Tommyjw Posts: 237 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    edited 16 December 2024 at 7:38PM
    t18con said:
    Right, next development.

    Wtw, through the trustee, have offered 1/3 of the pension 'pot' as a good will gesture, although i can't touch the other 2/3s. The other 2/3s comes in just above their 30k limit,  so I still require FCA approved advice to take the remaining 'pot'.
    I've a complaint with ombudsman, is there anything else? 
    Whats the 1/3rd?  A seperate AVC pot? ... because if not i havent a clue what theyd be offering as you cant just split up and pay parts of a DB pension. 

    They are following the regulations applicable to pension schemes, there';s nothing else to do and going tothe Ombudsman is unfortunately just a waste of everyones time. 
  • xylophone
    xylophone Posts: 45,931 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Right, next development.

    I am puzzled.

    Was there a GMP issue?

    https://forums.moneysavingexpert.com/discussion/comment/81104832/#Comment_81104832

    Are they offering a sum net of amount to cover widow's  GMP?

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