equitable life wp pension
seems there has been little exchange here regarding EL's proposals to sort out the GAR dilemma
do any AAM readers know?
1/ what the media read is on the likely outcome of EL's proposals to its WP members, ie. are a sufficient % of GAR and non-GAR alike likely to vote in favour of the package for it to be accepted. Without this, it seems to me that all EL WP pension holders are well and truly screwed and we may as well jump ship and transfer now.
2/ what the situation is for Irish WP pension holders. There seems to be absolutely no clarity whatsoever regarding the Irish part of the group (do we sink with all of the UK policyholders in the event that proposal is not accepted?, what are the penalties for transferring now? etc).
Finally, if any AAM reader has had occasion to transfer an EL WP pension to another pension provider recently and the experience has been reasonably painless, I'd appreciate any brief acct.
For info, I have had an EL policy putting in £220 pm for last three years, policy should be worth c. £7k by now. I am in mid30s, moving into occupational scheme in 2002 but would like to keep this up with small regular payments but not with a co. that is going to continue offering its pensionholders bad news every three months.
Thanks in advance. Z.