What is a Closed Pension Company?
Over the years lots of Financial Service companies have closed or merged. Many still exist but are closed to new business. If you have a pension with any of these companies you will find that they cannot provide you with Advice due to Legislation. This is know as a Closed Pension Company. The likelihood is these legacy products are not providing you with the best pension you can get, have a restricted fund choice and high management charges. In addition to this they may not have the systems to allow you to take advantage of the new flexible pension rules.
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Here at pension-pot we work with Pensions and Investment Specialists who help people who are with a Closed Pension Company. They will analyse what you currently have and provide you with an honest view of your situation. They will then provide you with a personalised recommendation of all your options.
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We work hard to provide you with all the information you need to help you plan for a more financially secure future.
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Please take a look at the list below to see if your current provider is one of the Closed Pension Companies .
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If your provider is in the below list, or you are unsure, then contact us immediately:
on 07505 494224, or email us at help@pension-pot.com and we will start your journey to a more secure future.
Closed Pension Company List:
Abbey Life Assurance Company Limited
Alba Life Limited
Allianz Cornhill Insurance plc
Allied Dunbar
Bradford Insurance Company
Britannic Assurance Public Limited Company
Canada Life Limited
Century Life plc
Crowe Life
Family Assurance Friendly Society
Forester Life Limited
Friends Provident Life Assurance Limited
Gan Life/General Portfolio
GE Pensions Limited
Guardian Assurance plc.
Hearts of Oak Friendly Society Limited
Hill Samuel
Lincoln Assurance Limited
Liverpool Victoria Life Company Limited
London Aberdeen & Northern Mutual Assurance
London Life Limited
Momentum Group Limited
National Provident Life Limited
Norwich Union Life & Pensions Limited
Pearl Assurance Public Limited Company
Pharmaceutical & General Provident Society Ltd
Phoenix & London Assurance Company Limited
Phoenix Assurance Limited
Phoenix Life & Pensions Limited
Provident Mutual
Rational Shelly Friendly Society
ReAssure UK Life Assurance Company Ltd
Reliance Mutual Insurance Society
Royal & Sun Alliance L & P
Save & Prosper Insurance Limited
Save & Prosper Pensions Limited
Scottish Amicable
Scottish Mutual Assurance plc
Scottish Provident Limited
Skandia Life Assurance Company Ltd
Sun Life Assurance Company Limited
Swiss Life (UK) plc
The Equitable Life Assurance Society
The Prudential Assurance Society Limited
The Scottish Legal Life Assurance Soc. Ltd
UIA (Insurance) Limited
University Life Assurance Society
Winterthur Life UK Limited
Zurich Assurance Limited
We will look to update this list as and when the above pension firms confirm there future plans.
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Contact us today to learn more about your Closed Pension Company.
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