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Gunning for gobbledegook.

When it comes to gobbledegook, the pensions industry takes some beating.

Chrissie Maher, director of the Plain English campaign, believes that lack of simple, digestible information was the biggest reason why so many people bought the wrong pension in recent years.

"Most pension policy documents are written in language that people just cannot understand," she says.

Now she wants your help to change this.

Her campaign is presenting evidence to the Government's inquiry into pensions, and she wants some of the worst examples of meaningless words or phrases penned by pensions firms.

Send them to: Pensions Gobbledegook, c/o Mirror Money, 1 Canada Square, Canary Wharf , London E14 5AP.

We'll print some of the biggest horrors and pass the lot on to Chrissie.

But if any of you have a pensions document you actually understood send us a photocopy ... it could be a collector's item.

Meanwhile, here are some of the frighteners she has already come across:

The amount of lump sum under Rule 5(3)(i) shall not exceed the amount which could have been payable had such augmentation not been granted.

Unfunded Unapproved Retirement Benefit Schemes (UURBS).

Transfer Value Analysis Systems(TVAs).

Dynamised Final Remuneration.

Automatic Increases/Annual Inflation Options enable contributions/protection benefits to be increased by greater of 10 per cent and RPI without medical evidence, no upper age limit (other than SRA for protection benefits).
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997 Gale, Cengage Learning. All rights reserved.

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Title Annotation:Features
Publication:The Mirror (London, England)
Date:Oct 14, 1997
Previous Article:It pays to plan early for safe old age.

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