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Wound up pension?



However, I've also found this in The Gazette from 2004 which seems to relate to their company pension:
Notice is hereby given, pursuant to section 27 of the Trustee Act 1925, that the Trustees are winding-up the above Plans. Any current or former employee of the undermentioned employers who believes that he or she was a Member of one or more of the Plans but who has not already received or is in the process of transferring his or her benefits out of the Plans, who has not been contacted by either Aon Limited, or the Trustees is requested to write to xxxxx, to make a claim for benefits, setting out the particulars of their claim.
Before 4 October 2004, claimants should provide their full name, address, date of birth and details of when they worked for one or more of the Companies referred to above. If any person believes they have a claim against or an interest in the Plans, they are requested to write setting out particulars of their claim before 4 October 2004. The Trustees will then consider all claims received. After 4 October 2004, the Trustees will take steps, (in accordance with applicable legislation and rules), to secure benefits for any remaining beneficiaries having regard only to the claims and interest of which they have prior notice and will not be liable to any person for a claim for which they do not then have notice.
Should we now assume that we've missed the boat and any pension that she might have had is now lost (if indeed it existed in the first place!)?
Comments
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Plasticman said:My wife (vaguely!) thinks that she might have had a pension during a two year period when she worked for a company in the 1990s. The company was taken over multiple times but I've found details through the Gov.UK pension tracing site.
However, I've also found this in The Gazette from 2004 which seems to relate to their company pension:Notice is hereby given, pursuant to section 27 of the Trustee Act 1925, that the Trustees are winding-up the above Plans. Any current or former employee of the undermentioned employers who believes that he or she was a Member of one or more of the Plans but who has not already received or is in the process of transferring his or her benefits out of the Plans, who has not been contacted by either Aon Limited, or the Trustees is requested to write to xxxxx, to make a claim for benefits, setting out the particulars of their claim.
Before 4 October 2004, claimants should provide their full name, address, date of birth and details of when they worked for one or more of the Companies referred to above. If any person believes they have a claim against or an interest in the Plans, they are requested to write setting out particulars of their claim before 4 October 2004. The Trustees will then consider all claims received. After 4 October 2004, the Trustees will take steps, (in accordance with applicable legislation and rules), to secure benefits for any remaining beneficiaries having regard only to the claims and interest of which they have prior notice and will not be liable to any person for a claim for which they do not then have notice.
Should we now assume that we've missed the boat and any pension that she might have had is now lost (if indeed it existed in the first place!)?
Having said that, it's worth a look at https://forums.moneysavingexpert.com/discussion/6267734/is-there-a-really-detailed-online-method-to-check-nics/p1 and making a SAR for the years in question (my post of 15 May 2021 relates and gives the details of what to do). If she was in a contracted out scheme - which is quite likely, given this was in the 1990s - the results might be instructive.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!3 -
Plasticman said:My wife (vaguely!) thinks that she might have had a pension during a two year period when she worked for a company in the 1990s. The company was taken over multiple times but I've found details through the Gov.UK pension tracing site.
However, I've also found this in The Gazette from 2004 which seems to relate to their company pension:Notice is hereby given, pursuant to section 27 of the Trustee Act 1925, that the Trustees are winding-up the above Plans. Any current or former employee of the undermentioned employers who believes that he or she was a Member of one or more of the Plans but who has not already received or is in the process of transferring his or her benefits out of the Plans, who has not been contacted by either Aon Limited, or the Trustees is requested to write to xxxxx, to make a claim for benefits, setting out the particulars of their claim.
Before 4 October 2004, claimants should provide their full name, address, date of birth and details of when they worked for one or more of the Companies referred to above. If any person believes they have a claim against or an interest in the Plans, they are requested to write setting out particulars of their claim before 4 October 2004. The Trustees will then consider all claims received. After 4 October 2004, the Trustees will take steps, (in accordance with applicable legislation and rules), to secure benefits for any remaining beneficiaries having regard only to the claims and interest of which they have prior notice and will not be liable to any person for a claim for which they do not then have notice.
Should we now assume that we've missed the boat and any pension that she might have had is now lost (if indeed it existed in the first place!)?
I'm insurance not pensions but pension schemes transfer their liabilities to insurance companies when they wind up most the time.
Others, like the above, are more likely to know if a pension existed or not but when I worked with an annuity provider one scheme that was winding up asked us to quote to take on the remaining 50 or so members they had... the average age was 105, average payment about £10/year and none had ever gone into payment. Clearly the odds are most of them are already deceased and a claim will probably never happen but they had to transfer them and when we take them on we have to attempt to trace them and payout if any are found.
If it did exist, and they lost contact with her, doesnt mean it was written off. If it did exist but they had lost the record of it existing is when the problem sets in.1 -
Marcon said:Plasticman said:My wife (vaguely!) thinks that she might have had a pension during a two year period when she worked for a company in the 1990s. The company was taken over multiple times but I've found details through the Gov.UK pension tracing site.
However, I've also found this in The Gazette from 2004 which seems to relate to their company pension:Notice is hereby given, pursuant to section 27 of the Trustee Act 1925, that the Trustees are winding-up the above Plans. Any current or former employee of the undermentioned employers who believes that he or she was a Member of one or more of the Plans but who has not already received or is in the process of transferring his or her benefits out of the Plans, who has not been contacted by either Aon Limited, or the Trustees is requested to write to xxxxx, to make a claim for benefits, setting out the particulars of their claim.
Before 4 October 2004, claimants should provide their full name, address, date of birth and details of when they worked for one or more of the Companies referred to above. If any person believes they have a claim against or an interest in the Plans, they are requested to write setting out particulars of their claim before 4 October 2004. The Trustees will then consider all claims received. After 4 October 2004, the Trustees will take steps, (in accordance with applicable legislation and rules), to secure benefits for any remaining beneficiaries having regard only to the claims and interest of which they have prior notice and will not be liable to any person for a claim for which they do not then have notice.
Should we now assume that we've missed the boat and any pension that she might have had is now lost (if indeed it existed in the first place!)?
Having said that, it's worth a look at https://forums.moneysavingexpert.com/discussion/6267734/is-there-a-really-detailed-online-method-to-check-nics/p1 and making a SAR for the years in question (my post of 15 May 2021 relates and gives the details of what to do). If she was in a contracted out scheme - which is quite likely, given this was in the 1990s - the results might be instructive.0 -
Did your wife get any communications from the scheme in or around 2004? There may have been something even if it was only "The scheme has been wound up and we gave all the money to XYZ Insurers. If you want anything then contact them."
Not getting anything could just mean they did not have the right address for her.0 -
DRS1 said:Did your wife get any communications from the scheme in or around 2004? There may have been something even if it was only "The scheme has been wound up and we gave all the money to XYZ Insurers. If you want anything then contact them."
Not getting anything could just mean they did not have the right address for her.0 -
Plasticman said:DRS1 said:Did your wife get any communications from the scheme in or around 2004? There may have been something even if it was only "The scheme has been wound up and we gave all the money to XYZ Insurers. If you want anything then contact them."
Not getting anything could just mean they did not have the right address for her.1 -
Plasticman said:DRS1 said:Did your wife get any communications from the scheme in or around 2004? There may have been something even if it was only "The scheme has been wound up and we gave all the money to XYZ Insurers. If you want anything then contact them."
Not getting anything could just mean they did not have the right address for her.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 -
What happens with some schemes that are winding up or changing significantly is that the administrators will check their known membership list against easily available information. One will be registered deaths (thankfully not applicable to your wife!) and the other is credit agencies such as Experian.
Now I don't know how easy an Experian check would have been in 2004. I was doing them around 2010 for a scheme and they didn't always get a result. Systems are much better now so even if your wife has moved repeatedly and changed her name several times Experian could very likely find her. (this is how some debt agencies track people down for old debts). But if she has changed her name and moved she may have evaded their search in 2004.
Do check though because while it's likely to be a small amount of pension if it exists, it's her pension and she's a right to claim it. During the 1990s it was likely to be a defined benefit scheme and so as long as she was in it for at least 2 years she would have deferred membership in some form.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts 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 and not the official line of MoneySavingExpert.
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Brie said:What happens with some schemes that are winding up or changing significantly is that the administrators will check their known membership list against easily available information. One will be registered deaths (thankfully not applicable to your wife!) and the other is credit agencies such as Experian.
Now I don't know how easy an Experian check would have been in 2004. I was doing them around 2010 for a scheme and they didn't always get a result. Systems are much better now so even if your wife has moved repeatedly and changed her name several times Experian could very likely find her. (this is how some debt agencies track people down for old debts). But if she has changed her name and moved she may have evaded their search in 2004.
Do check though because while it's likely to be a small amount of pension if it exists, it's her pension and she's a right to claim it. During the 1990s it was likely to be a defined benefit scheme and so as long as she was in it for at least 2 years she would have deferred membership in some form.0
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