Posted by Phil King on 21 December 2000 at 18:01:14:
IBM Pensions department actually communicated with me today for the first time in over three years. I'm glad that they are acknowledging my existence because they control several hundred thousand pounds of my savings ...
However the news from them was rather mixed and unclear. Apparently some of the IBM A-Plan investments with Equitable Life have Guaranteed Annuity Rights (GARs). My understanding is that may be good news because it may mean a bigger pension.
Anyone know which IBMers have these GARs and what it means in practice? And apparently the Trustees would like to take account of our views about whether to move the funds out of Equitable Life or leave them in. I would want to consult with an IFA before deciding that. Moving them out would presumably lose the GARs.