One of my pension funds (£9500) was transferred to RL 15 years agoI was unaware of this until RL contacted me around 15 months ago. The fund had grown by £165 in 15 years! It was placed and kept in a fund which earned less than 0.5pc. Per year? They took their management fees but no one of any competence diversified this planI filled in a form and spoke to one of their advisors three times(I have recordings) and although he could not agree that this was a poor return after consulting with his superiors they had not done anything unlawful I think this is negligible and incompetent at the least and although I cannot contest against RL who probably have a comprehensive legal team I just wanted to share my experience for others to see
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Royal London is a purpose-driven modern mutual, helping our customers, members and wider society protect today and invest in tomorrow. The UK’s largest mutual life insurance and pensions company. Award winning products and services.
