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Workers Misled Into Giving up Gold-Plated Pension Schemes
16/06/2011
It was recently reported in the national press that many companies are offering cash incentives to their employees in order to move them onto less expensive pension schemes. Individuals are being offered up to £10,000 in cash bribes, on or just after Christmas, when many people are feeling the pinch, to switch from their gold-plated pension schemes to more inferior alternatives. This could be costing people up to £100,000 of pension benefits.
Mr Webb, one of the country’s leading pension experts, has called an emergency meeting to work out how to stamp out the bad practice. He said: ‘The industry cannot go on offering superficially attractive deals to people that ultimately leave them badly out of pocket.’
Homeowners aged over 55 years who are concerned about their pension and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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