Monday, November 29, 2010

Pensions database

The feedback we are receiving about the PPF’s section 120 pensions database is that it is not very sophisticated and only gives a positive result if there is an exact match on the database for the name of the company you entered in the search box. For example, it would not pick up a company registered on the database as “A B C Ltd” if you entered as your search criteria “ABC Ltd”. As a result, in order to maximise your chances of finding a pension on the database you should undertake searches on all the different permutations where you have initials, and or & in the name of the company. For example, if the company you are dealing with is called “AB & C Ltd” you should search on that name plus as “A B & C Ltd”, “A.B & C Ltd”, “AB and C Ltd” etc. In any event, even if you get a “no results found” response you should still check with the directors and accountants and look at the company’s financial statements and bank statements to identify any potential pension payments.