Mother in law passed suddenly in April 2020. Herself and husband owned their own home and both had state pension. Mother in law had small private pension from major British retailer in Ireland.
Her husband my father in law was executor of will and it was all beyond him. I assisted closing bank accounts & credit union and cancelled state pension. I called the private pension to advise of her death and asked if anything was payable to her spouse and advised it was not. Her pension with them was cancelled immediately and I returned a staff card she kept that gave her store discount even after retirement. Paper work was scare on his pension as she died so suddenly.
Fast forward, nearly 3 years I get a call unexpectedly from auditors re the pension to advise her spouse should have been receiving 2/3 since her passing. I am waiting on final figure from them if it will be a lump sum or monthly payment.
12 months after her passing father in law sold the family home and moved into senior apartments a scheme run by DCC. He felt he could not keep the house on one pension and was concerned over utility bills. His children offered to assist monthly but he was a proud man and wanted to be independent as all his children still had young families. He likes his new accommodation and has financial security now with sale of his home.
I just can’t help but feel if he had known about the private pension at the time would this have been factor in his decision to sell the family home.
Should the pension company or the store be offering compensation? I want to make sure I explore all outcomes this time around for him.
Her husband my father in law was executor of will and it was all beyond him. I assisted closing bank accounts & credit union and cancelled state pension. I called the private pension to advise of her death and asked if anything was payable to her spouse and advised it was not. Her pension with them was cancelled immediately and I returned a staff card she kept that gave her store discount even after retirement. Paper work was scare on his pension as she died so suddenly.
Fast forward, nearly 3 years I get a call unexpectedly from auditors re the pension to advise her spouse should have been receiving 2/3 since her passing. I am waiting on final figure from them if it will be a lump sum or monthly payment.
12 months after her passing father in law sold the family home and moved into senior apartments a scheme run by DCC. He felt he could not keep the house on one pension and was concerned over utility bills. His children offered to assist monthly but he was a proud man and wanted to be independent as all his children still had young families. He likes his new accommodation and has financial security now with sale of his home.
I just can’t help but feel if he had known about the private pension at the time would this have been factor in his decision to sell the family home.
Should the pension company or the store be offering compensation? I want to make sure I explore all outcomes this time around for him.