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“Prudential ,Quite the worst Company I have ever dealt...”

Written on: 14/01/2013

I had a Company Final Salary Pension Scheme -

Annual Statement(money purchasre scheme ) did not itemise the Companies contributions and when I was a trustee I highlighted this - their excuse was that their computer program did not cater for this ?? Are they taking the mickey or what ?
I eventually had to retire as a trustee because of the attitude of this company as I had no faith in their procedures

They almost diddled me out of £38000 when I got my final statement - this was luckely picked up by our pensions manager - no apology or how they reached this final settlement ,so to this date I am still not sure they have not swindled me - In my view they are nothing but criminals and it is about high time that the FSA took companys like this to task - I have read numerous terrible reviews concerning this bunch of chancers (in my opinion anyway )

I was contracted out of SERPS and the money went into the Pru. There was a couple of years where HRMC had not paid them . Now the Pru is charging me to run this scheme so why did they not pick up on this . This caused further problems downline and took months of correspondence to sort out . They NEVER fully answered my E Mails and were wholly unprofessional . 0/10 for service and their web sit is rubbish in my opinion

Quite the worst service I have ever had and I would not trust them EVER

Generally speaking the UK Private Pensions industry is not nearly closely regulated enough and is a disgrace , Of course why should government departments bother when they are mainly on publicaly financed gold plated pensions and live in another universe
Take Doctors - going on strike because they have to put a bit more into their pensions are they taking the urine - Their £60000 average pension would require over £2000000 in a normal private pension to give this sort of annual income.
All MPs pensions should be private pensions and then maybe something would be done, but oh no , its pigs in the trough as usual for this bunch of chancers

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