Len R, a former offshore electronics engineer (who prefers to withhold his surname) and action group member from Aberdeen, had two pension funds when he had to stop work in 2005 after a series of cardiac operations.
Len R, a former offshore electronics engineer (who prefers to withhold his surname) and action group member from Aberdeen, had two pension funds when he had to stop work in 2005 after a series of cardiac operations.
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"I didn't know much about money, my forte was engineering," he says.
Wanting to maximise income whilst protecting his wife for the future, he found an annuity advice firm online. He said: "They appeared to be independent, and they very quickly suggested I look at Rockingham, who started pushing ARM. I was told it was a 10-year term, I would be getting 10% a year with interest paid monthly, and I would have more in the pot than I started out with.
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