Is this an attempt by Standard Life to ameliorate the huge fall in final target value? I'm due to get back around £16,000 in 2011, but the current shortfall is around £5,000. I paid off the mortgage yonks ago, so that's not a worry, but losing a considerable chunk of money really cheeses me off, especially when I see how many billions the government continues to throw at the financial institutions.
The MEP appears to be couched with so many provisos that I wonder whether it's worth the back of the envelope it's written on. Will a MEP compensate fully for any shortfall if I have played by all the rulez (which I have)?
MM