Written on: 29/05/2012 by letdown65 (1 review written)
I am now 65 and i have FIVE CIS pensions. Why 5 ?, i have had C.I.S. Pensions since my early twenties when i took out my first one, i was told i could add to it at any time as my earnings allowed it. When i wanted to increase it (a different agent) i was told i could not, i would have to take out a new one, which i did with accompanying start up fees etc. ( my second one) I stated that this time i wanted a pension plan that i could add to without problems. Yes i could, i was told. When a few years later and another agent (due to moving house) i wished to up my monthly payments to keep up with inflation etc, i was told that the Labour government had passed a law stating pension upgrades was not allowed and i would have to buy another, with all the costs involved. So i did with my THIRD AND FORTH AND FIFTH. After seeing a very well known online news paper about pensions, i wrote a published column regarding the bad Labour laws i had encountered. When i asked the CIS Pensions in Manchester last week which Labour law was responsible for this, i was astonished to be told that NO SUCH LAW was passed, that it WAS C.I. S. Pensions regulations that forbad me from increasing my monthly pension contributions. As my telephone call was recorded,( i hope they told the truth) the surprise to that announcement can be replayed again and again. So i have put in a strong complaint to the C.I.S. Pensions department , for after being a client of theirs for over 40 years, (including house and car insurance with them) i am totally disgusted how badly i have been treated by them. I never thought that the C.I.S,. Insurance Company that my father and most working people looked up to would stoop so low. I will let you know the outcome of this.
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