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Review of the Virgin Money, Pensions:

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Pension

How they have the ability to call this financial product a pension is beyond belief ,their glossy web site talks about proving a regular safe income for life and such like. In reality they offer nothing, the only thing you can do on witdrawal is transfer your pension to another provider or take the whole amount and pay 40% tax on 75% of your pot. Calling their product a pension is hugely misleading as it is nothing of the kind and people should be made aware of this before investing with them . Reviewed on: 7th September 2022

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