Taking Stock of the Pension PotSHARE prices in Britain, the U.S. and Europe have reached record highs in recent months. So the value of many personal pension plans is also likely to be close to an all-time high. But what happens if the stock market drops?
In April 2017 the MPAA allowance was cut from £10,000 to just £4,000 per annum designed to stop people “recycling” their pension.
The final decision saw Prudential pay the client £5,000 in compensation, but the client was still left with no sign of their pension income - the original money they were chasing. Bishop wrote to the Ombudsman again, but was redirected to Prudential. It said the provider would need t...