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Aptia woes

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Comments

  • xylophone
    xylophone Posts: 45,822 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    https://www.dxcpensions.com/archive/gmp.html

    It seems that the equalisation exercise was completed some three years ago.

    It seems rather odd that the problem with your pension should only just have cropped up although I suppose the clerk doing the final check might have noticed a discrepancy which then needed reference to the group leader and then  to the manager and then to.......
  • handful
    handful Posts: 575 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Interesting reading this. I've got a small DB with Aptia due to pay out in 2027 although I'm thinking of taking it earlier. I will bear a probable delay in mind!
  • Pat38493
    Pat38493 Posts: 3,459 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The recent discussions about using the IDRP was my issue.  Once I asked them for the IDRP, they then seemed to move quicker and I got the money soon after, and a copy of the IDRP, after they had already paid me the PCLS!

    This happened around this time last year so I wondered if they were waiting for information about annual inflation or the Occupational Pensions Revaluation order to be published, but that was just a theory.

    However your case might be more complex if the quote has changed significantly enough that they need to get you to fill in the forms again.

    If you are being put under financial distress by not having the lump sum, you should make sure they are aware of that.
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