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Private pension in Spain change of rules

Posted: Tue Mar 20, 2018 2:24pm
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Posts: 1

Location: Torrevieja

Joined: 20 Mar 2018

I took out a private pension with the Bank of Santander approx. 15 years ago in order to get a better mortgage deal with the Bank. I have been into the Bank today and they have informed us that two years ago the rules changed and I now have no access to the money invested at all unless I have reidency in Spain which I do not have.

 Has anyone come across this and do you have any advice ? 

Posted: Wed Mar 21, 2018 10:37am

TheRower

Very helpful member

Posts: 498

star509 helpful points

Location: Villamartin

Joined: 1 Jan 2017

Posted: Wed Mar 21, 2018 10:37am

If no one can help on this forum, you can try Citizen advice Bureau Spain on Facebook. 

Posted: Sun Jan 3, 2021 5:56pm

Posts: 48

star22 helpful points

Location: Orihuela

Joined: 15 Apr 2020

Posted: Sun Jan 3, 2021 5:56pm

Ann1e21 wrote on Tue Mar 20, 2018 2:24pm:

I took out a private pension with the Bank of Santander approx. 15 years ago in order to get a better mortgage deal with the Bank. I have been into the Bank today and they have informed us that two years ago the rules changed and I now have no access to the money invested at all unless I have rei...

 

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...dency in Spain which I do not have.

 Has anyone come across this and do you have any advice ? 

Hello You signed up before the new rules so your contract is valid. They can't do that. Ask a lawyer. 

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