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Every year!
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Rommagic
- Posts: 1380
- Joined: 10 Sep 2007, 16:52
Every year!
We get a update on how much our pension is worth.Why no statement this year?.
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Patrick Clifton
- Posts: 430
- Joined: 16 May 2010, 12:37
- Gender: Male
- Location: Greendale
Re: Every year!
Depends which one you are on about perhaps, but I had one, ummm, maybe a month-ish ago and it said I would have another update in October.Rommagic wrote:We get a update on how much our pension is worth.Why no statement this year?.
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TrueBlueTerrier
- FORUM ADMINISTRATOR
- Posts: 72288
- Joined: 30 Dec 2006, 10:29
- Gender: Male
- Location: On my couch
Re: Every year!
Last year it come out July or August I am sure it'll be the same this year.Rommagic wrote:We get a update on how much our pension is worth.Why no statement this year?.
Personalised benefits illustrations are not released in April at the end of the financial year but that date is when the fund gets audited and reported on. Then they work out the individual illustrations and at the same time check to make sure what they are saying is both legal and correct. With such a large Pension Fund this takes time and even the end of August would not be unheard of.
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If you like a news story I posted please click the link to show support
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kewell
- Posts: 27
- Joined: 10 Mar 2010, 00:55
- Gender: Male
Re: Every year!
anyone know if i am able to transfer my rm pension to another pension provider,and if so,am i likely to incur a transfer fee. thks
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Lounge Lizard
- EX ROYAL MAIL
- Posts: 9458
- Joined: 06 Aug 2007, 21:54
Re: Every year!
You're optimistic expecting to live long enough to draw a pension. 
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Sick Postie
- Posts: 91
- Joined: 12 Jul 2007, 20:51
- Gender: Female
- Location: Ulster
Re: Every year!
I believe you can move your pension but you will lose money from it, so it really needs to be quite a size for it to be worthwhile maybe about 50k to make it worth the effort.
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RobertT
- EX ROYAL MAIL
- Posts: 6548
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: Every year!
You can transfer but it's generally not a very good idea to do so especially if it's into a personal/stakeholder pension.kewell wrote:anyone know if i am able to transfer my rm pension to another pension provider,and if so,am i likely to incur a transfer fee. thks
Links to all RM pension related websites are here
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seaniesson
- Posts: 8
- Joined: 02 May 2008, 13:20
Re: Every year!
Might be an idea to speak to an independent financial advisor before you 'jump ship'. Even in its present form its quite a good scheme compared to a lot out there. More info though can be found at http://www.royalmailpensionplan.co.uk/1/home" onclick="window.open(this.href);return false; about your options for a transfer if you decide to do it.kewell wrote:anyone know if i am able to transfer my rm pension to another pension provider,and if so,am i likely to incur a transfer fee. thks
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Lounge Lizard
- EX ROYAL MAIL
- Posts: 9458
- Joined: 06 Aug 2007, 21:54
Re: Every year!
Ane remember independent financial advisors are only expressing their informed opinions.seaniesson wrote:Might be an idea to speak to an independent financial advisor before you 'jump ship'. Even in its present form its quite a good scheme compared to a lot out there. More info though can be found at http://www.royalmailpensionplan.co.uk/1/home" onclick="window.open(this.href);return false; about your options for a transfer if you decide to do it.kewell wrote:anyone know if i am able to transfer my rm pension to another pension provider,and if so,am i likely to incur a transfer fee. thks
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belle smith
- Posts: 1557
- Joined: 26 Aug 2008, 17:41
- Gender: Male
- Location: scotland
Re: Every year!
I agree with Nick....sorry Robert.RobertT wrote:You can transfer but it's generally not a very good idea to do so especially if it's into a personal/stakeholder pension.kewell wrote:anyone know if i am able to transfer my rm pension to another pension provider,and if so,am i likely to incur a transfer fee. thks