An annuity was ending with a previous provider (Canada Life) and I asked Retirement Line to obtain new quotes for a 10 year annuity. This was back in November /December 22. A quote from Legal and General was offered, which included cover for my wife should I pop off before the plan ended. It was not the best, but the cover and price swung the deal. I agreed the quote and the money was transferred from my previous provider on Dec 12th 2022 to Legal and General. They then sat on it and did nothing. yesterday Retirement line then sent me a new quote from Legal and General. But we had already contractually agreed a deal-hence why the pension pot had been transferred to them, but this time the quote was thousands of pounds less.
So they offered a quote, I accepted, the money changed hands into their bank, and then they sat on it and reneged on the original agreed contract and sent a much lower quote.
Apart from breaking a contract, if there were none, they would not have got the money, they never contacted me, reneged on the deal and acted unethically and obviously now feel they have me over a barrel because they have my entire pension pot. What an outrageous way to deal with a client after I accepted their quote and sent them my money. Unscrupulous, unethical and un trustworthy. Definitely one to avoid especially at a critical time dealing with your life savings and pension.
Reviewed on: 11th January 2023
