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Capital from equity release scheme.

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  • April 14, 2009 at 2:59 pm #21697
    kevin_jackson
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    Hi,

    One of our claimants has released £50,000 equity from her home and the pension service have refused a recent Savings Credit claim because of this “Excess capital”.
    The problem is, our customer has given all this money to her son (for reasons unknown) so therefor does not hold this capital.
    Should we follow the Pension Service and cancel our claim on the grounds of deprevation of capital or leave the claim in pay as she no longer holds this money?

    Any help would be great!

    Thanks.

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