ChappyChase:
Whatever you do, never ever borrow money from nigeria mortgage banks!!!

please throw more light on this. I'm considering a mortgage loan.

How come they don't protest against prohibition of hijabs at law school dinners? They are only allowed to wear caps and no one makes a fuss.

Letter of administration is only needed where the deceased retiree did not make a will. If you're approaching retirement, common sense dictates that you should have a will. It makes things easier for your beneficiaries when approaching the PFA. I maintain that programmed withdrawal is better than an annuity.

zazzi:
I think you are a learner on Pension matters. Have u heard of LOA that is letter of administration? Do PFAs pay named beneficiaries without LOA? What is the cost of getting a LOA and for how long? Wise up!!!

I've always asked why anyone would consider an annuity. I prefer the programmed withdrawal from PFA over annuity. If a retiree dies, his beneficiaries receive in full the balance of whatever is left from the PFA. With annuity, the beneficiaries receive less as some deductions are usually made by insurance companies. Avoid annuity as much as possible.

Tenant from hell