Armed Forces Pension
Thread Starter
Joined: Dec 2006
Posts: 20
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From: glasgow
Armed Forces Pension
Dear all,
anybody know whether those guys up at AFPAA allow us to change our pension terms again (ie between 05 and 75 schemes?) I have elected once but circumstance have changed...... Any ideas?
wotsit
anybody know whether those guys up at AFPAA allow us to change our pension terms again (ie between 05 and 75 schemes?) I have elected once but circumstance have changed...... Any ideas?
wotsit
Joined: Jan 2007
Posts: 76
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From: Wilts
Wotsit
Had a mate who enquired via PMA if he could change his option - was told tough !!!!!. He pleaded that his personal circumstances had changed but it made no difference.
That said you may have more joy -
Best of luck.
Had a mate who enquired via PMA if he could change his option - was told tough !!!!!. He pleaded that his personal circumstances had changed but it made no difference.
That said you may have more joy -
Best of luck.
Joined: Mar 2007
Posts: 383
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From: FL410
I seem to remember the literature at the time said that once you had chosen one way or the other, then it was final. But it did also say something about exceptional circumstances which would enable a change from one t'other.
Try:
http://www.mod.uk/DefenceInternet/Ab...orcesPensions/
Try:
http://www.mod.uk/DefenceInternet/Ab...orcesPensions/
Joined: Jul 2004
Posts: 59
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From: The Smoke
I wrote them a letter asking for specific information, thus enabling me to make an informed judgement over which option to take, which they weren't able to provide.
Wrote again, stating that as they were unable to provide said info, I was unable to make an informed decision at present, and elected to defer my decision until said info was available.
Gets phone call from annoyed whitehall chap saying can't do that. Says I, reminds me of the pension misselling saga, best you keep all my letters as they may form the basis of a legal challenge in the future.....goes very quiet on other end of phone.
I agreed to stay on 75 in the meantime. Preferred to keep my options open.
Wrote again, stating that as they were unable to provide said info, I was unable to make an informed decision at present, and elected to defer my decision until said info was available.
Gets phone call from annoyed whitehall chap saying can't do that. Says I, reminds me of the pension misselling saga, best you keep all my letters as they may form the basis of a legal challenge in the future.....goes very quiet on other end of phone.
I agreed to stay on 75 in the meantime. Preferred to keep my options open.
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Posts: n/a
I actually thought that all the stuff they threw at us before decision point was very good. Indeed, I consulted closely with my very personal financial advisor who works in the compliance element of the financial services industry.
The bottom line, as she saw it, was that the 'patter' was pretty well watertight.
The bottom line, as she saw it, was that the 'patter' was pretty well watertight.
Joined: Mar 2007
Posts: 1
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From: Salisbury
The pension option was sold as a once only deal and they did emphasise that at the time. For some the choice was a no brainer for others it was a bit of a guess on the future - presumbaly where you have now been caught?
Joined: Jul 2000
Posts: 1,535
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From: UK
Wasn't the 'exceptional circumstances' opportunity to change back only during the transitional year and to allow the results of the next round of redundancies to be announced - or something?
It may be acceptable to have one chance to make an irreversible decision but as i remember it we didn't have all the information, the pension calculator wasn't always correct (notably for PA spine) - similar i think to the decsion to accept PA terms a few years back.
It may be acceptable to have one chance to make an irreversible decision but as i remember it we didn't have all the information, the pension calculator wasn't always correct (notably for PA spine) - similar i think to the decsion to accept PA terms a few years back.
