Help with a pension please?

Just over 5 years ago my mother (part time school dinner lady) , now 63, took out a UK stakeholder emploers pension managed by scotiish equitable. She paid in 拢12.04 a week and her employer paid 拢5.02 totalling 拢17.06. Over a 5 year period the total paid in is roughly 拢4,500. She is about to retire and they have sent her a for with 2 alternatives 1. she has a lump some of 拢1700 in full settlement, or 拢533 lump sum and 拢 91.00 a year guaranteed for 10 years.

What should she do?

Why if she and her employer have paid in 拢4,500 is the total pension fund only worth about 拢2000?

Should she been advised NOT to join a pension scheme at her age since if she'd have put all her contributions in a jar in the kitchen she's still have had more even without the employers contributing too? (拢12 x 52 x 5 = 拢3125)

I am wrong, or missing something?,

What the best thing to do or complain to?

looks like who ever had control of the investments was one dumb investor -- i could have done that good throwing dart at the market board -- i think i would look in to getting a lawyer and maybe going after the company with a class action law suit!!!

Tags

　　Offshore Investment 　　Mutual Fund 　　Money Market Funds 　　Money Investment 　　Managed Fund 　　Make Money 　　Low Risk Investment 　　Long Term Investment

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