FSCS guide to pension protection
Ask these key questions to make sure your pension is protected
Choosing or moving your pension is a big decision, so it's natural to feel confused and overwhelmed.
At FSCS want you to feel confident and in control of your finances. That's why we've created a set of key questions to ask your pension provider when you're considering where to put your money. It's really important you know how much of your money FSCS can protect before you sign up to anything, just in case something goes wrong.
You might also be interested in our Bank and Savings checker, as well as our Investment protection guide.
See also our pension protection limits.
Ask your pension provider or independent financial adviser these questions
If you're getting a pension, or thinking of changing it, ask
- Does FSCS protect my pension?
- How much of my pension pot is protected?
- Other than FSCS, are there any other protections available for this pension?
- Am I still protected if I buy an annuity?
- What if I buy other products with my pension pot?
- What would happen to my pension if something happened to your business?
- If I transfer money across from an existing pension, will that also be protected?
If you're talking to your financial adviser, ask
- Are you an FCA authorised financial adviser?
- Does FSCS protect the advice you give about my pension
if it turns out to be bad advice? - How much of my pension pot is protected if I lose money
because of the advice you give? - What would happen if something happened to your business,
and I lose money because of the advice you gave me?
Thinking about getting or changing your pension?
Further reading
Learn more about pensions
Visit the MoneyHelper website for a welath of retirement and pension information.
Protect yourself from scams
Protect your hard-earned money by being able to spot the signs of a scam.
Learn more about financial advisers
Learn more about financial advisors. Find out what a financial adviser does, and how to choose one.