Utmost/Equitable
Posted: June 17th, 2021, 11:17 pm
Sometime in the 1980s, I opted out of a portion of my NI contributions, and paid them into the Equitable. Only the NI opt-out bit, and it wasn't for very long. When the Equitable collapsed, I mentally wrote it off.
More recently I've had contact from Utmost Life&Pensions, who now manage old accounts like mine. For an asset I'd written off, it comes as a very pleasant surprise to hear my pot with them is just over £100k. A surprise twice over: first because it's so much, second because it's a cash value at all: I had an idea Equitable worked with defined benefits - which was indeed why they got into trouble.
Is that right? How likely is it my pot should have a defined-benefit value they're reluctant to talk about (as per Snowbadger's thread from this post). Should I press them on the subject, or just take the money offered and be grateful?
More recently I've had contact from Utmost Life&Pensions, who now manage old accounts like mine. For an asset I'd written off, it comes as a very pleasant surprise to hear my pot with them is just over £100k. A surprise twice over: first because it's so much, second because it's a cash value at all: I had an idea Equitable worked with defined benefits - which was indeed why they got into trouble.
Is that right? How likely is it my pot should have a defined-benefit value they're reluctant to talk about (as per Snowbadger's thread from this post). Should I press them on the subject, or just take the money offered and be grateful?