Just give me my £30k pension pot, Aviva
An annuity is the last thing this 75-year-old wants to unwrap on his birthday
Gerard Logue, with his wife, Susan, has been beset by paperwork since attempting to withdraw his pension savings
Today is Gerard Logue’s 75th birthday. While he is looking forward to celebrating the occasion with his family, there is one unusual gift that he is dreading — an annuity from his pension firm Aviva.
Some pension schemes automatically use your pot to buy an annuity — an insurance product that pays a set income — when you turn 75 if you do not withdraw the money or move it into another pension product. But Logue has been trying to withdraw his £30,000 pension savings without success since July and now fears it is too late to stop the automatic conversion.
The former business owner from Long Itchington in Warwickshire, wants to put the money into his self- administered pension scheme, which holds about
