Scottish widows pension rip off?
Discussion
Am I being ripped off by Scottish widows or is this normal now?
I took a commercial mortgage out around 1992, Barclays suggested I have a pension linked mortgage (insisted)
This was supposed to clear the mortgage of £50k in 2020 and also give me a small pension.
Realising it was going the same way as endowment mortgages I changed the mortgage some time later but kept te pension going,
The pension is a with profits, and every year I get an annual statement telling me how good they are doing, since
2010 the with profit fund should have grown by around 50% (6 years compound interest)
They stopped applying any to mine around 15 years ago and I don't receive any bonuses now?
I've complained till I'm blue in the face and never get a straight answer,
Anybody know who I can ask to get to the bottom of it?
I took a commercial mortgage out around 1992, Barclays suggested I have a pension linked mortgage (insisted)
This was supposed to clear the mortgage of £50k in 2020 and also give me a small pension.
Realising it was going the same way as endowment mortgages I changed the mortgage some time later but kept te pension going,
The pension is a with profits, and every year I get an annual statement telling me how good they are doing, since
2010 the with profit fund should have grown by around 50% (6 years compound interest)
They stopped applying any to mine around 15 years ago and I don't receive any bonuses now?
I've complained till I'm blue in the face and never get a straight answer,
Anybody know who I can ask to get to the bottom of it?
Gassing Station | Finance | Top of Page | What's New | My Stuff