registerme
Member of DD Central
Posts: 6,214 
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Post by registerme on Jan 27, 2023 11:21:53 GMT
I received a letter this morning from Fidelity concerning a pension I have with them. It asks for certain information. Information like:-
When I started with this employer (I know it was in '97 but...)?
When I left (I know it was in 2000 but...)?
What my salary was... (yearly, average, final?)?
Detailed questions on all other pensions I have.
But no way of addressing the fact that I left the employer in 2000 and rejoined in 2002...
Apparently Fidelity don't have the details, my employer doesn't have the details, and the previous fund administrator doesn't have the details.
From 25 years ago.
This is ridiculous.
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trevor
Member of DD Central
Posts: 556
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Post by trevor on Jan 27, 2023 11:32:42 GMT
Did they say why they wanted this data? I can’t see why they need it unless they think toy were paying in more than you were allowed in which case they should at least tell you.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,876
Likes: 2,314
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Post by keitha on Jan 27, 2023 11:46:56 GMT
you really should use memorable dates, I started my first job 5/6/78,, mind you I couldn't tell you my last day of employment and that was only 6 years ago
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registerme
Member of DD Central
Posts: 6,214
Likes: 6,021
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Post by registerme on Jan 27, 2023 11:50:43 GMT
Did they say why they wanted this data? I can’t see why they need it unless they think toy were paying in more than you were allowed in which case they should at least tell you. Yes, it's something to do with a "Protected Tax-free Cash" as opposed to "Standard Tax-free Cash". Calculating this entitlement requires the data they were asking for.
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james100
Member of DD Central
Posts: 992
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Post by james100 on Jan 27, 2023 13:19:24 GMT
Did they say why they wanted this data? I can’t see why they need it unless they think toy were paying in more than you were allowed in which case they should at least tell you. Yes, it's something to do with a "Protected Tax-free Cash" as opposed to "Standard Tax-free Cash". Calculating this entitlement requires the data they were asking for. Sounds like they're trying to calculate the value of total pension pot inc a past DB pension pot to check you've not exceeded an Individual lifetime protection application. Just guessing!
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Post by bernythedolt on Jan 27, 2023 17:38:38 GMT
I've always kept all my payslips, just in case. Safest way.
When a colleague retired shortly after me, they'd somehow managed to lose all his records and were only going to pay him a derisory pension. Luckily he'd kept all his payslips and was able to prove his long service, but it was touch and go for a while.
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mogish
Member of DD Central
Posts: 1,019
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Post by mogish on Jan 30, 2023 12:53:42 GMT
Re fidelity recent letter re charges.
Anyone know if the doubling g from £45 to £90 per year is for each etf or the entire holding?
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IFISAcava
Member of DD Central
Posts: 3,665
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Post by IFISAcava on Jan 30, 2023 13:05:26 GMT
Re fidelity recent letter re charges. Anyone know if the doubling g from £45 to £90 per year is for each etf or the entire holding? should be for entire etf holding across all accounts This increase makes IKBR much more attractive in comparison (£36 per year, offset against trading fees, and much lower trading/FX fees).
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