OT: Pensions

[British Bulldog]

I suspect I may well stop work at 50 and move elsewhere but you cannot draw then pension till 55 I believe.

I'll take mine at 56, 40 years service is enough for any company.

 

[bhafc99]

that is purely because you took it out at the bottom after a terrible 5 years on the stock market and put it into Skandia during a great 4 years on the stock market, if left with Lloyds would probably have been worth as much as Skandia

Absolutely not true. Even during the dotcom boom and other good periods on the stock market the Lloyds pension wheezed pathetically along and never once got anywhere near close to what I'd put into it. Ever. If anything, it was utterly immune to good AND bad periods on the stock market. It was just perpetually crap.

 

[Barnet Seagull]

I wouldn't trust anyone who ever worked for Skandia

 

[readingstockport]

I like Skandia, I have my isa with them and their range of funds is phenomenal. Go to an ISA, in fact go to more than one and talk to them all.

 

[Yorkie]

I'll take mine at 56, 40 years service is enough for any company.

I'm already getting mine from the Electricity Supply Pension scheme as I got made redundant at 54. As I was over 50 it kicked in. It was a final salary scheme too.