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BBC AVCs & Equitable Life (Read 267 times)
apcwmwl
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BBC AVCs & Equitable Life
Jun 16th, 2018, 4:09pm
 
I, and I suspect many others, were enrolled in the BBC Pensions AVC fund, & many will have signed up with Equitable Life. I eventually got back about 75% of my subs when they were transferred to Canada Life as an annuity ( the law at the time). However, when I left Auntie and became freelance, I continued to pay into Equitable as a with-profit pension fund. My total on retirement was about 32,000 (AVC + Private) and the whole of what was due less EL losses was transferred to Canada Life as Annuity. Now comes the revelation that EL has transferred all assets to Reliance at a substancial cost, indicating that each old EL member should benefit to the tune of about 6,000.
I'll believe it when I see it, but I hold my breath - or maybe not!
Any comments?
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