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Pension Penalty ....

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
guyscliffe
Posts: 120
Joined: 13 Nov 2010, 10:27
Gender: Male

Pension Penalty ....

Post by guyscliffe »

Hiya Guys ....
I am on the brink of getting IHR,with lump sum.
However my IFA,has been trying to delve a little deeper into the ins and outs of my pension plan and pot ...
But has been told by Pensions,that either he or myself would have to cough up a fee of £150,to allow him to gain access to my plan ...
Sound familiar?
easter bunny
Posts: 378
Joined: 01 Jul 2007, 20:08

Re: Pension Penalty ....

Post by easter bunny »

guyscliffe wrote:Hiya Guys ....
I am on the brink of getting IHR,with lump sum.
However my IFA,has been trying to delve a little deeper into the ins and outs of my pension plan and pot ...
But has been told by Pensions,that either he or myself would have to cough up a fee of £150,to allow him to gain access to my plan ...
Sound familiar?

Sounds a total waste of money to be honest . It is not a Stock based Plan when your Pension can go up and down . Simply , ask Chesterfield for an up to date estimate on your Pension once you finish work . You should have a estimate for payment at 60 and one at 65 .