Thanks Joe. I notice that deferred members could not have a minus revaluation but in the year 2015 social welfare legislation allowed this to happen. So in 2015 this revaluation was -.3%. Does this mean that my pension pot was revalued downwards from 2014?
The expected 2016 revaluation is expected to be 7%. However as a deferred member I cannot go above 5% in my scheme but existing active members in other schemes will be allowed to, or are they also capped at 5%?
It seems unfair that I am capped at 5% upwards in my scheme but existing members can increase above 7%, but I have now to take the hit on the downside because legislation covers all?
(I was previously capped at 0% on the downside but I can now go below this).