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29 November 2009

Is it normal for a increase to a pension as a result of a pay increase is created as another pension rather than an amendement to the premium amount?

When I get a salary increase my pension payments go up as the two are linked. My current pension provider has decreed that the minimum increase has to be more than £10 and has now created two new pensions; one in Jan 08 & the other in Jan 09. Is this right or should they just be increasing the amount taken as they would do for inflation increases?

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