Case study no' 1

Mr B from Hampshire contacted us with the name of the company that he had taken out a personal pension back in the late 1980’s who he had not heard from in many years. Mr B had moved 6 years earlier and as it turned out the insurance company had re-named twice.

We were able to track down the current insurance company holding Mr B’s pension and established that he had over £30,000 in a fund used to ‘contract him out of SERPS’.

Better still Mr B was able to transfer the benefits from an old style personal pension that would have meant all of the £30,000 would be used to purchase an annuity income, and place the money in a new style stakeholder pension that will enable him to take 25% or more than £7,500 as a tax free lump sum when Mr B retires in June 2009, when he will have the chance to take the holiday of a lifetime he has always dreamed of!

Case study no' 2

Mrs Brown approaching retirement requested a financial review with us, it transpired through fact find probing with the client that she had worked for her former company for many years, leaving sometime ago when the company was sold.

Our adviser took all of Mrs Brown's details, including date of birth, national insurance number and the approximate dates she worked for the company. By tracing the clients pension our adviser was able to establish that Mrs Brown had indeed once participated in the company pension scheme that existed at the time of her employment with her former company. Searches were made through the tracing service and were able to establish that the new owners took over the pension scheme; our clients name appeared as a past employee and as a result was entitled to a pension amount based on her time with her former company.

Mrs Brown was delighted as was her husband who would also benefit from the uncovered Pension Scheme if Mrs Brown was to pass away, receiving a 50% widowers pension. Let our advisers dig deep into your past employment, letting them do the hard work of tracing any past pension schemes lying unclaimed and dormant which you're entitled to you.