A bit of background. I worked for an engineering company, who were part of a Group of similar companies. The Group decided to sell of some of the companies, including the one I work/worked for. They are now a different company with a different name, the (original) Group pensions were frozen, and a new stakeholder pension set up for employees of this new company/group. I left, so my Group pension was frozen the same as everyone else who had stayed due to the transfer (does that make sense?).
Anyway, I, and most of the people working for the new company, received a letter from the (old) Group pension asking if our details could be passed to another company, so that the could make an enhanced offer out of the scheme.
Can they do that? Would I have to take it? And if I did could I reinvest it in a private pension or something? I dont want to be left with no pension when I retire, so this has scared me as I was there for about 7 years, so made quite a lot of contributions.
Has anyone had anything similar? I am in a bit of a panic, as I am not sure what to expect, if I have to take the offer, and what would happen when I retire if I do.
