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Pension review - is this standard practice?

3 replies

FamouslyFrothy · 26/06/2024 09:28

I've started conversations with a pensions review firm to look at what I currently have, where I can boost things and see where any shortfall is - going through a lot of changes lately in circumstances, plus obviously not getting any younger so want to get things straight.

I've had the initial call with them, and they've said the next step is for me to sign a Letter of Authority to enable them to access each of my pensions, in order for them to assess how they work, the forecasts etc etc. On this LoA form, I need to give policy numbers, my NI number, and authorise them to have read only access to all of my pensions. Is this the normal action? The company is legit, I've looked into their company, they're registered on FCA etc... I just feel nervous giving away this information.

(The company is Reeves Group Plc)

OP posts:
1987qwerty · 26/06/2024 13:03

Yes. Otherwise they can't advise you.

user1471459476 · 26/06/2024 13:18

Sounds pretty normal. I'd check the read only clauses thoroughly. They will need this information to understand the policies you already hold

FamouslyFrothy · 26/06/2024 14:45

1987qwerty · 26/06/2024 13:03

Yes. Otherwise they can't advise you.

I know that seems obvious, I think I'm just very distrustful 😂

Good to hear it's normal though, thanks

OP posts:
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