steve412l
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Posts posted by steve412l
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Hi, wondering if anyone can advise or at least point me to the correct forum....
Has anyone had any dealings with a company called Pension Converters? They offer a loan against private pensions. I am trying to invest some money in my business (self employed), needless to say the banks don't want to know....this seems a good option....are they a reputable company?
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Has anyone had any dealings with a company called Pension converters co.uk? They have offered me a loan against my personal pension. They say they transfer the pension into another pension scheme, which runs until my retirement at 66 (in 13 years time). They loan me 35% of the plan value which is repaid at retirement out of the reinvested fund, also taking their fee of 38%. Any remainder (the other 27%) is paid to me at retirement. My pension at the moment is frozen...I have not paid into it for a number of years...I can't afford to. I need money to invest in my business...the banks won't help so this seems like a good opportunity. Any thoughts/reports?
Steve412l
in Insurance/Assurance Companies (Not Car Insurance)
Posted
Mmmm, maybe you're right. Thanks for that!