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AVCs

Discussion in 'Welcome lounge and forum help' started by annsue, Aug 25, 2009.

  1. annsue

    annsue New commenter

    i know AVCs are certainly now regarded as not all they were cracked up to be - i was the typical target - mature new entrant /divorced/ many years employment history missing from pension- if i knew now......i would certainly have used that money to offset mortgage - thing is i really feel i was mis-sold though i have no written proof - i distinctly remember asking if my payments into PRU AVCs were to make up "lost years " - the salesman confirmed this but only verbally - i also know of others who have same opinion i have a newspaper cutting from a teacher who asked an advisor about the matter - advice was to complain via financial ombudsman - which i have just done -but as i said - nothing in writing so not expecting a favourable response - just wondered if anyone else is in same boat - also , do i continue paying as i am now 52 and have been paying them for about 11 years ( one pensions advisor told me to continue as good source of tax rebate from govt) - i do still have some mortgage outstanding - any advice would be very much appreciated
     
  2. annsue

    annsue New commenter

    i know AVCs are certainly now regarded as not all they were cracked up to be - i was the typical target - mature new entrant /divorced/ many years employment history missing from pension- if i knew now......i would certainly have used that money to offset mortgage - thing is i really feel i was mis-sold though i have no written proof - i distinctly remember asking if my payments into PRU AVCs were to make up "lost years " - the salesman confirmed this but only verbally - i also know of others who have same opinion i have a newspaper cutting from a teacher who asked an advisor about the matter - advice was to complain via financial ombudsman - which i have just done -but as i said - nothing in writing so not expecting a favourable response - just wondered if anyone else is in same boat - also , do i continue paying as i am now 52 and have been paying them for about 11 years ( one pensions advisor told me to continue as good source of tax rebate from govt) - i do still have some mortgage outstanding - any advice would be very much appreciated
     
  3. TES_Community

    TES_Community Administrator

    Hello annsue
    You may not get much of a response in here. Perhaps you could try the Finance forum.
    Best wishes
    Beverley, Community Manager
     

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