Global Pension Plan website re-appears…

In something of a repeat of last year the Global Pension Plan website went offline just before Christmas. It seems that domain registrations were not dealt with efficiently.

However, today an email was issued to announce that the website is back although under a different domain name. The new site, http://www.global-final-step.net allows members to login into their back office.

As part of the message members were also informed that there still 20,000 additional policies to be purchased which is an important step in the process. We’re told that the current agreement between the Trust Partner and Insurance company runs out at the end of February, hence the target is to sell these additional policies by then.

If this doesn’t happen a further delay will be incurred whilst a new agreement between the two groups is made. This clearly adds to the frustration of members as many similar schemes are indicating similar constraints and potentials for delay.

The question with Global Pension Plan therefore is what to do about purchasing additional policies. The needed investment is €10 per policy so the cost is not high. The problem is that many members are weary of these continuous delays and don’t really have the appetite for further purchases.

So, we find ourselves in something of a Catch 22 situation. If we buy will others, if we don’t how long will this whole process take to complete.

Personally I’m considering my position carefully and will decide early next week.

What’s your thoughts on this…