Marc Gander - The Consumer Survival Handbook


A 220 page introduction to all things consumer related by our own BankFodder.

Includes energy companies, mobile phone providers, retailers, banks, insurance companies,debt collection agencies, reclaim companies, secondhand car sellers, cowboy garages, cowboy builders and all the rest who put their own profits before you.

£6.99



Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

£19.99 + £1.50 (P&P)


+ Reply to Thread
Results 1 to 3 of 3
  1. #1
    Basic Account Holder vizkij Novitiate



    Follow Real_CAG on Twitter
    Cagger since : Dec 2016
    Posts : 13 (0.04 post per day)

    Lightbulb FSCS Decision letter on Pension

    Dear those who have had decision letter or have Knowledge

    The letter said my lost was 80,000 (this is what my pension would be worth)
    however the amount they put as transferred was the amount my new current pension is worth 40,000(this is what they awarded me)
    however at the time of transfer the amount was 19,000 NOT 40,000.

    I am lead to believe that my current pension should not be used as a decision. Only the pension at the time of transfer.

    Were they right to use my current pension figure as the amount transferred when it 19,000. less broker fees

    My current pension is not income guaranteed it an shared investment policy

    They also didn't take in to consideration Life Insuranceicon attached or brokers or life time brokers fee attached to my pension

    Do I need to make a separate claim for life insurances attached to my pension.
    I was lead to believe this should of been included in the calculations

    Any examples of FSCS Decision well be appreciated feel free to change figures and name

    Dear all


    The FSCS used my current pension figure as a lost sum however this was not the amount transferred and the model for this pension is not the same as the pension it was transferred from.


    They did not include my life insurances attached to my pension or life time brokers fees.




    Thanks


  2. #2
    Site Team honeybee13 Authoritative honeybee13 Authoritative honeybee13 Authoritative honeybee13 Authoritative honeybee13 Authoritative honeybee13 Authoritative honeybee13 Authoritative honeybee13 Authoritative honeybee13 Authoritative honeybee13 Authoritative honeybee13 Authoritative honeybee13's Avatar



    Follow Real_CAG on Twitter
    Cagger since : Nov 2009
    Posts : 40,927 (13.93 post per day)

    Default Re: FSCS Decision letter on Pension

    Hello there.

    I've merged your threads, it's best to stick with one.

    Can you type up their calculations please, minus any identifiable information? It could help people to advise you.

    HB


  3. #3
    Basic Account Holder vizkij Novitiate



    Follow Real_CAG on Twitter
    Cagger since : Dec 2016
    Posts : 13 (0.04 post per day)

    Default Re: FSCS Decision letter on Pension

    Notional transfer value of Civil Service

    Pension scheme benefits

    73,995.68 73,995.68

    Valuation of Scottish Widows Pension

    scheme

    38,524.98 35500

    73,995.68 38,524.98 35,500

    Net Lodgements: 35,470.70

    Add Interest Equivalent Sum: 0.00

    Eligible Amount: 35,500

    Less Abatement: 0.00

    Total Compensation Payable: 35,500
    Total Compensation Paid To Date: 0.00

    Total Payment Due: 35,500

    The original amount was 21,000,
    the new amount of 38,000 is what my pension is now.
    Please note I wasn't in the civil service

    This does not include my occupation Life Insuranceicon attached my old pension or life broker fee deductible attached to my current pension.



Reclaim the Right Ltd. - reg.05783665 in the UK reg. office:- 923 Finchley Road London NW11 7PE
We use cookies to personalise content and ads and to provide social media features. We also share information about your use of our site with our advertising and analytics partners. See details