Hi guys,
I'm another one of those who fell into their hands due to poor knowledge of the system and the dogma that when You are in the ME You "must have a pension scheme".
After 3.5 years of UAE and PIC treatment I have relocated back to the good old Continent. I have suspended my payments since then, that is for 1.5 years now on a 25 years plan. I have an advisor in my country who is pushing me to restart the payments (obviously) but my idea is to get out of it being aware of the huge penalty that I will have to face. I feel sick thinking about the penalty of the full surrender value but I think that if I keep going with that plan for all the reasons mentioned by all the knowledgeable posters above it will be even worst. Any thoughts ? Treat it like an expensive finance education course as wisely stated above ?
Thanks !