Chit Chat
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08 Feb 15
10:02
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Date Joined:
25 Dec 05
law firms clambering all over the [ in my eyes] scandlous miss selling of convincing people to leave the government 2nd state pension and move into serps
if pensions are still a murky world today imagine turning the clock back 25 yrs ago and companies such as norwich union,austraila life,pearl etc were bombarding firms during dinner breaks and aggresively selling these policies with the backing of the government,and getting people to sign up there and then
i was one and the difference now between people who stayed in and those who came out is stagggering,80 to £100 on average wages,with pensions index linked and massive charges been payed in the past you,d need a pot of 150 grand plus in serps to compete with the government payouts this was never remotely possible,
the mistakes were even admitted with the government and firms begging people to leave the schemes before finaly , automaticaly putting people back into the government 2nd state pension,
seems an open goal to claims firms to me,but maybe the system was that complicated even they dont really understand what was happening,
does anyone else involved have any thoughts, ?
if pensions are still a murky world today imagine turning the clock back 25 yrs ago and companies such as norwich union,austraila life,pearl etc were bombarding firms during dinner breaks and aggresively selling these policies with the backing of the government,and getting people to sign up there and then
i was one and the difference now between people who stayed in and those who came out is stagggering,80 to £100 on average wages,with pensions index linked and massive charges been payed in the past you,d need a pot of 150 grand plus in serps to compete with the government payouts this was never remotely possible,
the mistakes were even admitted with the government and firms begging people to leave the schemes before finaly , automaticaly putting people back into the government 2nd state pension,
seems an open goal to claims firms to me,but maybe the system was that complicated even they dont really understand what was happening,
does anyone else involved have any thoughts, ?
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a friend of mine and his dad got conned with that a few years ago, luckily he was in the NUM and they sorted it all out for him so he wasn't out of pocket
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is this a wind up? - in case it isn't, pension providers had to complete a pension review to redress people who had been mis-sold personal pensions, when they would have been better off staying in their occupational schemes. The deadline for completion was 30 June 2002
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first ive heard of it and as all people in serps were 1st advised to contract back in and then automaticaly contracted back in,it would suggest we were all badly advised
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