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Many years ago a friend paid into a private pension for a couple of years until times were hard and he couldn't afford it any more. Every year the pension seemed to be worth less and less, and the transfer amount always made it a waste of time moving it.

 

After about 25 years he took the pension as a triviality payment, but now wonders if there may have been some unfair charges which could be worth claiming back.

 

What are the rules on what they could charge?

 

The company was originally Target but over the years this changed several times, finally ending up as Abbey Life.


 

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Alliance & Leicester Moneyclaim issued 20/1/07 £225.50 full settlement received 29 January 2007

Smile £1,075.50 + interest Email request for payment 24/5/06 received £1,000.50 14/7/06 + £20 30/7/06

Yorkshire Bank Moneyclaim issued 21/6/06 £4,489.39 full settlement received 26 January 2007

:p

 

Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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