Ex Footy Legs
Well-known member
This is a shout out to the pensions expert on here ??? I’ve forgot; is it weegord ?
I’ve just received a cheque out of the blue! from a company scheme I was in back in 1998 (Just over £1000) whereby the pension company (well known one) has sent me a letter saying sorry about keeping my funds with this cheque and some interest.
Having calculated the interest I have concluded they’re offering 2.3% per year for 21 years.
Id like some guidance on whether they are obliged to offer a pension low % market rate as a minimum of 5% rather than the current offer ?
Or whether, if I challenged this then the pension ombudsman would award me more interest?
thanks
I’ve just received a cheque out of the blue! from a company scheme I was in back in 1998 (Just over £1000) whereby the pension company (well known one) has sent me a letter saying sorry about keeping my funds with this cheque and some interest.
Having calculated the interest I have concluded they’re offering 2.3% per year for 21 years.
Id like some guidance on whether they are obliged to offer a pension low % market rate as a minimum of 5% rather than the current offer ?
Or whether, if I challenged this then the pension ombudsman would award me more interest?
thanks
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