World Pension Plan (WPP) closing soon?
Which Reverse Pension Plan (RPP) is likely to get to the finishing line in first position? Actually the question should probably be which RPP will make payouts first as there is still uncertainty over this issue.
The continuing poor communication is a source of frustration to many and does the providers no real favours.
However, as the end of the year draws ever closer it seems that World Pension Plan (WPP) are making optimistic noises about closing applications and starting the validation process. As other typical RPP’s to become a member you make an investment of $55 per contract. When payouts commence you will receive $80,000 as recompense for waiving any rights to the related pension plan contract.
In an effort to close things out quickly they have an offer where if you purchase 6 contracts or more you will receive a free one for each. Given the small number of reported contracts remaining this should easily be achieved hence the assertion that they may close soon.
As ever nothing with RPP’s is straightforward and it would seem to me that in reality we may have to wait a little longer than logic would tell us before things finally close but there does seem to be an opportunity here to join near to closing.
I have made a single investment at WPP as I wouldn’t want to miss out if it closes shortly but I don’t want to tie up a lot of funds if things drag out. Let’s hope we hear some good news before the noughties are over.
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As an investor with WPP, I have read through their website and have not found the duration of their payout after the closure of the program. My question is this when are we expecting payment when they close?
With over 20,000 members, I am pretty sure this would take at least a couple of months. They have to get folks’ IDs and utility bills. Plus factor in internet people’s inability to follow simple instructions.