Welcome to V.L.H
Started by JLS77, 12-06-23, 12:43PM
Quote from: chris9997 on 12-06-23, 08:12PMI do hope there is a reason for this, a statement from Tesco some weeks ago regarding a huge loss to the pension fund last year due to poor investments was that the huge loss was not a problem as the fund is in good shape, well it would be if peoples pots were decreased to cover this, possibly another pension scandal !
Quote from: valleyboy on 15-06-23, 07:41AM@ bluetoonYou have the answer to your question, maybe you could share, as to benefit anyone else wanting the answer
Quote from: JLS77 on 15-06-23, 04:32PMHere's the most recent reply I received - Dear Member, Thank you for your e-mail. Please note the changes in value are due to MVA ( Market Value Adjustment) factor changing, hence please consider the changes in value in the new Transfer quotation. Also note MVA factors change every 3 months as per market fluctuations.I think there are going to be quite a few people who will be shocked when they see how much the value of this pension has fallen. There's nothing stopping it going lower, or theoretically, even going to zero.
Page created in 0.084 seconds with 30 queries.
verylittlehelps.com © 2002-2023