Suandpete Posted February 7, 2011 Share Posted February 7, 2011 My husband receives a Forces pension and I receive an MOD one and both would normally be in our accounts (French for him and UK for me) by the 7th of the month but neither of us have received them yet. Is anyone else having the same problem? Link to comment Share on other sites More sharing options...
pachapapa Posted February 7, 2011 Share Posted February 7, 2011 Sounds like a cash flow problem, with a bankrupt government it must some times be difficult to find the wherewithall.My cheque from the States arrived today, about a week late, obviously the same problem there as well. Link to comment Share on other sites More sharing options...
Suandpete Posted February 8, 2011 Author Share Posted February 8, 2011 Oddly the Navy pension wasn't showing in our CA accout at 2230 last night but it was there at 0800 this morning! Panic over. Link to comment Share on other sites More sharing options...
Suandpete Posted February 8, 2011 Author Share Posted February 8, 2011 My husband spoke to Xaffinity who are the pension provider for the Navy and they say that his pension was treated as usual this month: it is supposed to be available in a UK bank account on the 4th and so they transferred it 3 working days beforehand; this time it took a whole week to reach our French account. It would appear that someone is making a reasonable amount in interest from these transfers - I can transfer money from one UK account to another in minutes..... Link to comment Share on other sites More sharing options...
Bob T Posted February 8, 2011 Share Posted February 8, 2011 Strange, My RAF pension always appears in my French CA account on about the last working day of the month without fail. Link to comment Share on other sites More sharing options...
Debra Posted February 9, 2011 Share Posted February 9, 2011 Army pension due 7th in UK or 10th in France arrived today in France. Link to comment Share on other sites More sharing options...
AnOther Posted February 9, 2011 Share Posted February 9, 2011 [quote user="Suandpete"]It would appear that someone is making a reasonable amount in interest from these transfers[/quote]Where would that be then I wonder, pretty well all the money the UK government dishes out these days has been raised on the bond markets (= borrowed) hasn't it ? Link to comment Share on other sites More sharing options...
cooperlola Posted February 10, 2011 Share Posted February 10, 2011 It's an interesting question, though. My o/h and I get our pensions from the same source. His remains in the UK and mine is tranferred by Citibank - who were appointed by my provider to manage pension transfers to overseas members - to my account in France. Every four weeks it's the same - his arrives on a Friday and mine gets to my bank on the following Wednesday. Somewhere in between the bank (I assume Citibank, not my pension provider) does appear to have access to my money. I have always imagined that this is how they make this a financially viable service, given that the rates are as good as anything I'd achieve using a Forex company. Am I wrong? Link to comment Share on other sites More sharing options...
woolybanana Posted February 10, 2011 Share Posted February 10, 2011 Why not send them a bill for the missing days and see how they react? It should normally take no more than 48 hours to transfer money. But I would query why they always have to benefit from the weekend, these being non-working days, and maybe the Monday in France but that may only apply to braches, of course. Link to comment Share on other sites More sharing options...
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