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Showing results for tags 'annuity'.
I have just joined the Community here for your thoughts and we thank you in anticipation of any help you may give. We had a questionnaire from Abbey Life regarding enhanced annuity. They state on the bottom of the letter with the enclosed questionnaire - 'Abbey Life did not offer enhanced annuities, but one may have been available to you from another provider if you were eligible, and therefore you may be due compensation.' So we wrote to them saying we consider we may have been entitled to an enhanced annuity via an Independent Financial Adviser. (They do say this question
Can anyone help? I am very lucky in that whilst browsing the news recently I saw about 2015 pension changes and that from next April (I will be 58) I can take any pension as a lump sum and not buy an annuity unless I want to. I had forgotten all about some pensions I started in the 1970's and have had a good dig around and am very happy that I have a 'forgotten'; pension pot of over £90,000 in two RAC's. I do not need to generate an income for my old age as I have some property investments which provide an adequate living. My questions are Will I be a
Does anyone have points of reference for failed pension schemes they could nudge me in the direction of please? No urgency (I'm 46 so it'll probably all change before I get there) For a little background, I paid into a scheme for 20 years to a total of something iro 60k, my employer ( I thought) was matching same but apparently took a few years off here and there and paid nothing into the scheme during its final 4 years. I received a notice from the trustees and L&G who now manage the fund about 4 years ago advising it was only able to sustain those already in retirement or
George Osbourne during his Budget speech mentioned that people from now on will be able to take all their pension in cash or put into other investments etc of their choosing. They will have to pay tax on the amount they take from their pension pot. My question is can existing pensioners who entered into an annuity pension in the last five years as at that time annuity plans were about the best things on offer to be able to receive a monthly income, go back to their Pension providers and be able to cancel their annuity pensions and opt for the cash instead