thanks lads. This is my worry the financial advisor has gone to ground, different people, from the brokerage firm when asked are giving different answers to the "where is the person?" Thats more of a worry , seems suspect to me. I acknowledge appears to be standard operating procedure so thksI agree with Gordon on this. We recently completed the paperwork to convert PRSA to ARF and provided ID, pay slip, marriage cert etc to the Financial Advisor. However, I would be very upset if, in 6 months time, the pension company came looking for the same documents. It's probably incompetence but I would be tracking the Financial Advisor down asap to figure this out. In short, you are certainly entitled to know where your funds are. Not sure what comeback you have but, at least, the fact that the pension company has contacted you indicates the paperwork went through. No harm in checking though.
That’s was 6 months ago when retirement benefits were takenIt sounds normal enough to me. The company’s do all of those checks again when someone takes their retirement benefits. And the person who advises on the stuff at point of sale doesn’t tend to be involved on the admin side.
That’s was 6 months ago when retirement benefits were taken
Just re read post , in case of any confusion, I retired 6 months ago from civil service.Not quite sure if I am posting in the right place , please move if not.
I retired 6 months ago , from the civil service. A standalone PRSA/avc had also come to the end of its life. It could only be utilized , when my main pension
scheme came into being after I retired. I was going to cash it in. However , a financial advisor( specializes in civil service) happened to be around visiting offices at this time , this person was a Senior Financial Advisor , reputable.
Anyway I had a change of heart , and guided by advice , decided to invest my policy funds into a new policy , in order to continue an investment into the future availing
of the tax breaks etc. Paperwork completed.
Now at this time ,I am being requested for information ,from the brokerage firm , from verify my identity , to supply payroll documents , basically a re run of all the information I was asked for 6 months ago , and provided at that time. There is no contact from the advisor that I dealt with initially.
I am being vague here purposely as this may be a genuine , innocent , oversight , but I cant help worrying , about this as the funds are reasonably substantial.
I cannot verify where the funds are , I am arranging to go to see them about it. Before I do I was hoping to get a bit of advice here, to ask appropriate information.
Am I entitled to confirmation that my funds are safe and secure.
If the circumstances , that that are that they are missing , have i any comeback , if so how do i go about commencing that procedure. They are regulated by the central bank. Is that any comfort should any issue arise.
thks
D
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