Pathetic Pension from Zurich

“Pathetic Pension from Zurich”

Written on: 03/05/2012

My husband worked for 47 years for the same engineering company. When he first started there was a superannuation scheme which was wound up and the money put into Guardian Financial Services, no problem with them, at his retirement in February 2012 they immediately paid out a not unreasonable monthly pension. From 2001 the company then had a variety of Pension Providers including Norwich Union (now Aviva) and Eagle Star which is apparently now Zurich. This has resulted in a tiny monthly payment from Aviva and a very small payment from Zurich neither of which has yet been paid. Zurich have informed him that the last payment they received from his employer was 2 months late (the latest in a long line of excuses)which neither of us believe. This company (Zurich) has been obstructive and disingenuous with every enquiry that has been made. They also do not make the pension payments themselves that is done though Legal and General. This gives everyone a great opportunity to blame the other company. I would strongly advise steering clear of them.