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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.
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