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Pension Sleuth is a firm who has extensive experience in helping people in tracing down their frozen pension. By utilizing our expert services, you can track down all of your money that you have invested while working with previous employers and we will help you in recovering your hard earned money. If you have any query or want to enquire about Pension Sleuth then please call us at 0333 002 2198 Toll Free.
Pension Sleuth | pension_sleuth

Growing need for frozen pension solicitors

May 18th 2014 at 10:30 PM

The urge to improve and grow is making people switch their jobs from one company to another for a better future. But in this move they often forget about the previous investments they had made with the former firms leading them to freeze with time. Usually people forget about it during their working period and realize to retrieve it while they are on the verge to retire. At this time they realize that their pension is frozen.

The changing norms and regulations in the business sector have made companies freeze the pensions in two ways. First the hard freeze under which the benefit of pension is only provided till the present date and you will receive the same amount when you retire.

On the other hand the soft freeze is not as rigid as compared to the hard freeze. Under this scheme the benefits that you avail are depended on the number of years that you serve in the company. This means that you will not get further benefits in your pension plan after your pre decided tenure of service is crossed. In both the cases the employee is suffering and the employer is not ready to bear the expense of maintaining their pensions.

With increasing awareness to such hidden losses people are running to solicitors and firms that specialize in providing assistance and help to melt their frozen pensions so that they can retrieve them rather than letting them go for waste. For your frozen pension you should contact these specialists and sit with them to discuss your entire problem so that they can calculate the amount you are entitled to.

These firms not only help you get back your Frozen Pension instead they also help you invest the amount to fruitful schemes so that the value of your money does not get reduced.

The advancement in the investment schemes have pushed a few firms to let their employees transfer their previous firms pension scheme in their current pension plan.. These solicitors provide frozen pension advice so that you can access your savings before the maturity period.

Since most people are unaware of the legal norms and regulations attached to all kinds of investment, pensions and other schemes, these solicitors guide you so that you are aware of where your money is going and how you can utilize it in the best possible manner.

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