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Post by tom on Oct 28, 2022 8:55:43 GMT
I've a phone interview planned today with Scottish Widows.
I'm going to take my largest private pension.
I've been sent a health questionnaire, its quite extensive.
Why do they need this information. they are investing my money, they are not loaning me money, I am not the risk, I am the one at risk...its a puzzle to me.
IS IT BIG BROTHER, I ASK.
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Post by mulv on Oct 28, 2022 9:21:08 GMT
The lump sum that you take is a variable amount, but the more you take, the less there is in the pot for a monthly payment (I'm guessing you already know this, I'm just seeing the scene 😁).
The health questionnaire is so they can best advise you - if they think you're going to last for years and years them they'll advise taking a smaller lump sum, so you get a larger monthly payment for a good long time.
If they feel you're going to drop off your perch quite soon then they'll tell you to take as much as you can as a lump sum so you get the benefit of it. 😁
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Post by tom on Oct 28, 2022 9:36:45 GMT
Oh...that makes sense, it just seems rather intrusive.
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Post by anglais on Oct 28, 2022 10:16:51 GMT
Pensions are the bane of our life. Every year we have to fill in Overseas Questionaires. We have to send copies of our passports off and proof of our address to each provider witnessed by a Notaire which is a pain in the arse and costs us a fortune.
Chrissie applied for her UK old age pension last month and the document for overseas persons was 42 pages long!!! There were a number of ambiguities so she phoned up the Pensions people in Wolverhampton and it all sorted in 30 minutes over the phone. To send the document back by registered letter would have cost 12.40 euro's. It was all sorted for the cost of an overseas phone call, about 1.50 euro's.
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Post by tom on Oct 28, 2022 10:39:46 GMT
Pensions are the bane of our life. Every year we have to fill in Overseas Questionaires. We have to send copies of our passports off and proof of our address to each provider witnessed by a Notaire which is a pain in the arse and costs us a fortune. Chrissie applied for her UK old age pension last month and the document for overseas persons was 42 pages long!!! There were a number of ambiguities so she phoned up the Pensions people in Wolverhampton and it all sorted in 30 minutes over the phone. To send the document back by registered letter would have cost 12.40 euro's. It was all sorted for the cost of an overseas phone call, about 1.50 euro's. A friend of ours, who doesn't have a computer, was sent by email to his phone, a similar length form. He asked me to print it off, he filled it in and sent it by post to our local DHS office. He received a reply, complete with this questionnaire, the one we had printed off was not the same as a hard copy and therefore they could not accept it. he phoned them up and they said he must complete the electronic one, he said send me a hard copy one...this was not available. He awaits the next move. |
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Post by anglais on Oct 28, 2022 11:45:40 GMT
I feel for his problem. Its difficult to live these days unless you are "connected".
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