[kenaltobelli]

i would rather wait had a bad do with tax man dont need any more exitement

[dai]

I paid into a personal pension for years, I did it on a with profits basis as not to take risks.
I was 65 in 2007 and my accountant recommended an independent financial adviser. This guy told me that I had 48 grand in the pot, and did I want to purchase an annuity for income, I said "no I'm still working, just leave it for growth", but I would take the tax free lump sum of 12 grand, he invested the rest, but not on a with profits basis, I have just had a statement showing that my 36 grand pension investment is now worth 17 grand.
I thought he had continued on a with profits plan but he hadn't. I trusted his common sense, and I have really paid the price.
The Irony of this situation is that if I had of taken the monthly income, I would have got a good deal, it was just before the credit crunch.

[sparklebright]

I paid into a personal pension for years, I did it on a with profits basis as not to take risks.
I was 65 in 2007 and my accountant recommended an independent financial adviser. This guy told me that I had 48 grand in the pot, and did I want to purchase an annuity for income, I said "no I'm still working, just leave it for growth", but I would take the tax free lump sum of 12 grand, he invested the rest, but not on a with profits basis, I have just had a statement showing that my 36 grand pension investment is now worth 17 grand.
I thought he had continued on a with profits plan but he hadn't. I trusted his common sense, and I have really paid the price.
The Irony of this situation is that if I had of taken the monthly income, I would have got a good deal, it was just before the credit crunch.

That's gutty, feel sorry for you, if you can it's worth leaving in, as it's a paper loss until you take it out. Though it'll go down a bit more before it goes up. Is it possible your IFA didn't do as you asked if so you might be able to get a bit from him too...

[Window Washers]

You come into this world with nothing....
If you die in debt then you've made a proffit.   

 

We've another eight-and-a-half years on a fixed interest mortgage.    But it's payable, so I'm not complaining.

think yourself lucky I have another 26 years on mine  :

aint going to last that long but still thats whats left for now