Zurich Pension Reviews

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1 Review For Zurich Pension

  • gevers Rank: Lance Corporal 4th Feb 2005

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    Good Points: None


    Bad Points: Excessive charges (65%), poor service, poor communication.


    General comments: My employer's pension scheme was with Zurich, so by choosing it I benefitted by my employer making contributions to my scheme. Or so I thought, actually Zurich benefitted, as for every pound put into the scheme, they pocketed 65 pence.
    This 65% "charge" was not called a charge though, they referred to it as 'reduced allocation'.

    When I subsequently changed jobs, my new employer's pension administrators had to write five times before Zurich transferred what was left of the pension - the transfer process took a year to complete.

    I would recommend anyone to steer well clear of Zurich and their associated advisors - mine was Barry Cunningham Associates.