A
aidangeraghtyhotmailcom
Guest
Hi ,
I had a company pension for a couple of years. I then moved company and my new employer wouldn't pay into it so I started up a PRSA and I'm paying into that.
As my previous employers were the trustees of the company pension I enquired with my broker about getting out of this situation so that they are not the trustees.
He suggested I transfer my pension to a retirement bond.
I then asked him what would the costs /charges be to do this etc.
HE said he'll call out and meet me and give me all the details.
SO I met up with him. However he didn't have any retirement bond details. He just said the charges would more or less be the same as what I'm charged for my pension.
He spent the rest of the meeting filling out a personal details form where he asked me a lot of personal details such as income,wifes income etc . Basically he seemed to be trying to suss if could he sell me any other products such as life assurance etc.
Anyway he said he'll get back to me with retirement bond details. That was two months ago. When I ring him up , I just get through to his answering machine and he doesn't reply to my calls. I also wrote to him and he didn't reply to that either.
It seems he can't be bothered transferring this pension to a retirement bond. Its as if there is no commission in it for him.
Is there anything I can do to get him to do what I want to do?
This brokering firm have actually made a lot of money out of me. Over 5 yrs I paid 54k into the pension. ITs now worth 38k. The brokering firm said they had charges of about 12k in that 5 yr period.
I had a company pension for a couple of years. I then moved company and my new employer wouldn't pay into it so I started up a PRSA and I'm paying into that.
As my previous employers were the trustees of the company pension I enquired with my broker about getting out of this situation so that they are not the trustees.
He suggested I transfer my pension to a retirement bond.
I then asked him what would the costs /charges be to do this etc.
HE said he'll call out and meet me and give me all the details.
SO I met up with him. However he didn't have any retirement bond details. He just said the charges would more or less be the same as what I'm charged for my pension.
He spent the rest of the meeting filling out a personal details form where he asked me a lot of personal details such as income,wifes income etc . Basically he seemed to be trying to suss if could he sell me any other products such as life assurance etc.
Anyway he said he'll get back to me with retirement bond details. That was two months ago. When I ring him up , I just get through to his answering machine and he doesn't reply to my calls. I also wrote to him and he didn't reply to that either.
It seems he can't be bothered transferring this pension to a retirement bond. Its as if there is no commission in it for him.
Is there anything I can do to get him to do what I want to do?
This brokering firm have actually made a lot of money out of me. Over 5 yrs I paid 54k into the pension. ITs now worth 38k. The brokering firm said they had charges of about 12k in that 5 yr period.