Old Pension found
I used the government's pension tracing service and they found a old pension of mine.
It was an old superannuation pension with an employer I had left in 1985 and the company had gone bust so was offered a small lump sum which had to be invested in another pension and I could not touch the money. I had totally lost all the paperwork and all contact with the pension company involved 19 years ago.
It had been placed with a pension company in a one off investment but they were taken over so its now another large well known company I am dealing with. The pension tracing service found this all out and told me but didnt get involved any further so you can see how small amount of money is involved.
The new pension company eventually accepted my proof of who I am and that the pension is mine and giving me details of what will happen when I retire which also according to the government retirement date website will be in three years.
Good stuff I thought a little bit of money to add to my state pension, until I looked at the paperwork they sent me. Hold on whats this.
During my divorce I was with a woman who turned out to be a psychopath. Her name is on the pension as "In trust" so supposedly she will get a lump sum when I die.
Obviously I phoned the next day to have The Bitch from Hell name removed but was originally told that I would need to go through a solicitor to do this by a very arrogant woman I spoke to. When I calmed down and phoned again the woman I spoke to this time says it will have to be decided upon by their legal dept as to whether I can get her name removed. I would rather name my son as beneficiary so he can pay for my funeral. Otherwise I have to buy him a shovel and find a quiet place in the woods to tell him about
I believe that the rules have changed on these pension now
and you can cash them in so they have said that I may be forced to do this to remove her name.
I cannot believe it was my money that they are investing and yet when I want to make a change I have to pay a solicitor to ask them to do it.