Prudential Plc Avis 401

Shocking company. My husband cashed in his pension but it hasn't been sent to him. They blame IT errors and can't say when he will receive it. It's littery pension theft. We are going to take legal action against this awful company

Another month gone by and still no satisfaction from Prudential, THIS ONGOING SAGA , my pension due for payment 1st July 2023, still being investigated ? what are they investigating the only thing to investigate is why they have not paid out the proper annuity?
The second pension was due for payment 1st January,2024, and guess what they are still investigating the only common fact they do not pay out, Do they not think i actually need this money to live on ? no they do not care about the customers once the contributions are finished. I should be retired in pretty good financial health but Prudential do not bother to pay out, but they do have some amazing excuses why they cannot pay, Meanwhile I am left living on just over £300-00 per month .
I truly wish I had never taken out 2 Prudential pensions 37 and 38 years ago.
A TOTALLY USELESS COMPANY AVOID AT ALL COSTS

Contacted Prudential about withdrawing my pension....first thing that happened was....they said my pension didn't exist, I then spent hours on the phone trying to sort that mess out, letters that took weeks to be sent out, more pointless phone calls, hurdle after hurdle...have to admit that dealing with this company has been a complete disaster.....and I really pity any older person/pensioner trying to access their pension will be treated the same....shocking.

I called Prudential on the 21.10.24 and was left holding on for over 30 minutes, in the end I hung up. I then tried contacting them by online chat, they initially responded and said that they would help me. However, they then proceeded to cut me off after 90 seconds whilst I was still writing my reply!! I am 70 years old with arthritic fingers so cannot type at the speed of light.
I then tried calling them again and finally got to speak to someone after ten minutes.
I explained that I was thinking about, in advance of the Budget, cashing in one of my Pension Plans under Drawdown and taking the 25% Tax Free lump sum and leaving the remaining 75% still invested. I was then informed that my Pension Plans did not allow this as they had been taken out prior to 2015, when the law changed. Why then have I been repeatedly informed by Prudential that one of my options is Drawdown? Every Pension Planning Brochure clearly states this, at no point have I ever been informed that this was not an option!
I was then informed that in order to obtain the Drawdown option I would have to transfer my Pensions into another Plan that would allow this. I was then told that I would need to speak to one of Prudential's Financial Advisor about this, this initial consultation would be free of charge, I agreed to this and was told that someone would call me within 48 hours. Well here we are nearly 72 hours later and no call!!
On something that is so important as your Pension it is a dreadful way to treat your customers. I have been with Prudential for 39 years, with hindsight, it seems like things started to go wrong when they became part of M&G Wealth. Reading the reviews here on Trustpilot they are pretty damming and not even the courtesy of any replies from Prudential. Now looking at trying to transfer my Pension to another provider.

I transferred all of my money out of this failing company before they go under. No surprise the ombudsman forced them to pay me for the lost interest plus £150 compensation.

Please write to Lucy Andrews asap at "The Times" who is investigating this. email address below.
'lucy(dot)andrew @thetimes.co.uk'

Have a small pot of monies with this shower under an AVC scheme. Unfortunately due to legal conditions they cannot tell me where these funds are even after repeated requests from my main pension provider to release these funds to them so I can get paid.

Continued obstacles in place to stop paying out what is in effect my money. The private pension business is a total nightmare. Waited 6 months for transfer of separate pension from ReAssure to Aviva and now this debacle.

Site seems to be down for essential maintenance more than it is accessible, very poor service.

Disgusting company communication is terrible. We have tried to cash my father’s pension in who passed away earlier this year. Instead of them sending one letter stating what they need from us as a family to pay out they sent one every week. After sending in all the evidence they needed we rang to see if we could find out what was happening with the payout. They told us that a decision would be made by a certain date which confused us as what decision has to be made for us to receive our fathers money? So we left it until deadline to contact them back for them to ask for more evidence they wouldn’t tell us what they needed and we would receive a letter. One week later we received the letter only for the letter asking us to send in what we had already sent in luckily we sent these tracked and signed delivery which they received and signed for. So back on the phone again to ask what has happened every time they answered and we asked what was happening as we sent them signed delivery they put the phone down this happened several times. We managed to speak to someone who looked into it and they actually said yes we have received everything it is down to the bereavement team you will hear from them by a certain date of their decision. Well today was deadline and have not heard anything so another phone call was made for them to say another letter is being sent out I then asked what this letter is asking for they said they need a copy of my fathers will which we had already sent signed delivery. Their response was they have received it and for us to wait another 16days for a decision. We have now been waiting for this since May 2024 it also states on their website that the average time for a payout is 8weeks. Absolutely disgusting company avoid these at all costs!!

Just tried to claim on a policy I have had with the Pru for 40 years only to be told no can do the excess exceeds the value - Question why have they taken my money all this time for a policy they had no intention of honouring. Beware - sharp practice at play here.

Dreadful company. 3 to 5 business days does not mean 3 to 4 weeks, called 11 times and still not released my payment.
Underhand company.
My solicitors are now dealing with this.

Absolute ridiculous joke of a company . My husband has been trying for 5 months to get HIS OWN MONEY from his pension . Been fobbed off time and time again first the letters were returned which is rubbish . Then the id was blurred which is wasn’t . Then the bank account was incorrect . Again rubbish . The payment was apparently authorised a week ago . It wasn’t . Another load of rubbish today about the bank account being updated . Another 5 days wait .. which will be fruitless . How do you get your money off these crooks ??? Any help gratefully received !

Would give no stars but not an option!!
Wanted to withdraw my pension to cover building works, numerous phone calls, emails, chats promises of it will be with you in the next 48hrs, still waiting and have lost all hope!
The times are doing an article on their diabolical customer service and payout system, I am just hopi g and praying it will get sorted and they will pay out!!!

Utterly moronic. I applied to prudential in may to start AVC payments. It’s now September and not a penny is in my account. Worse, my first payment of £1000 went to them in September and has not been credited to my account. Avoid this company at all costs.

I have just received the closing letter from M&G/Pru stating that I cannot claim from my own pension as I apparently have 'the wrong product'. It will now be escalated to the financial ombudsman. This company is pathetic, the advisors will tell you different things just to get you off the phone. Good luck to anyone wanting to claim their OWN money from their OWN pension. My advice is to transfer your funds to another provider ASAP before they go bust.

I have saved into my personal pension for over 35 years with prudential. The time has come to consider the way forward with what I do with my pension pot. The customer service and information that they provide is absolutely disgraceful. Every step of the way they have insisted on me using a financial
adviser to release my money. This will personally cost me thousands of pounds in fees. My other pension providers do not insist on this and have been extremely helpful. I have always trusted prudential but my experience over these last weeks brings me to the conclusion that they can't be trusted with our investments. It appears that they are just price gouging our money through the insistence of using a financial adviser. Especially their own advisers. I would never recommend anybody to use prudential for any type of investment. There are much better company's working for your interests rather than price gouging everything they can get out of you.
A disgraceful company making your life a misery at a time when most people need the best help they can get. Avoid at all costs.

The Prudential !!!! Well they are impossible to communicate with there online system has proved impossible to register on even after using online chat which is the least helpful chat I have ever had. Accessing your pension will not be possible Eventually they sent a letter supposedly enclosing up to date valuations but no enclosure there !!! Not sure if this is a delay tactic or what but strongly recommend everyone to avoid at all cost !!!!

This is the worst service in the UK. I am overseas and I want to withdraw pension. They insist on documents to be posted. I have sent 3 separate deliveries of same documents. HOW CAN THEY NOT HAVE A SECURE EMAIL SERVER FOR DOCUMENTS? I had a policy with Reassure which was promptly dealt with and funds paid out with no drama
The policy that I had showed pathetic returns and yet they are insisting on Fort Know security to retrieve what is owed. Service is shocking, I think that everything is dealt with by Ai bots. No one can answer the phone or make a decision, one big round about. I know one thing that this review will never be looked at by anybody at Pru. Service is so bad. I had to write the review to let off steam

Waited TWO weeks for form to withdraw MY MONEY which advisor said could only delivered by post.Still not received form yet .Absolutely ridiculous in 2024.They have deliberately tried to hinder withdrawal when I needed access to my funds to buy property.Worked with other providers like AVIVA who were so cooperative with no delays.Advisor I spoke to on phone was rude and unhelpful. Filed a complaint which will take 6 weeks to resolve.A joke I asked advisor if Prudential on go slow.Very difficult to speak to someone.website sends you round in circles.Can’t wait to finish dealing with this firm.How are they getting away with it.

I keep getting letters to view my pension online. I can't get online and I can't reset anything. It doesn't work. I have rung up loads of times and keep getting cut off or it's a foreign person who doesn't speak English very well and can't sort anything out. Rubbish service, will never deal with them again.