Has the pension provider made a mistake? Could the value have dopped from 50,000 06 to 37,000 in 07? I seem to get differnet totals of Core and AVCs from each person I speak to there.
2007-12-08 01:08:20 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
I'm going to assume both 'Core' and AVC are 'money purchase' schemes.
IF you are talking of the Fund valuation as of today V last year, it rather depends what the Fund is invested in (for example, if the Fund is invested in Banking (eg. Northern Rock) Shares, then the answer is 'yes' - if Core is in banking and AVC is in (say) property then yes, they will show different performance)
IF, on the other hand, this is the PROJECTED Fund value at Retirement (age 65), then again, 'yes', HOWEVER in this case what's most likely to have happened is that their ASSUMPTIONS on Fund growth and rate if inflation have been been changed.
NB> When calculating PROJECTED values it is not unusual to assume you will carry on making CORE contributions until age 65 but will STOP making AVC contributions tomorrow .. this results in EXTREME differences between the two funds.
2007-12-09 08:31:00 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
it is not on her tax return. If she would not communicate English, i might assume you communicate regardless of language she does - so ask her in that language. If she has a retirement plan, she'd get a fact from them periodically, in line with possibility each and every quarter.
2016-12-10 16:21:26 · answer #2 · answered by Anonymous · 0⤊ 0⤋