Support for pension savers

Jun 4, 2020
A new guide, 'COVID-19 and your pension', has been published, to equip pension savers with the knowledge and support they need to make informed decisions about their pension.

 

Pension industry bodies including the Pension Protection Fund, the Financial Services Compensation Scheme, Money and Pensions Service, the Pensions Ombudsman, the Pensions Regulator and the Financial Conduct Authority have come together to help scheme members understand how their pension savings are protected and supported at this moment in time.

The guide outlines the protections that are in place for savers, how individuals can avoid scams during the Coronavirus pandemic and useful information about where to seek free, impartial guidance should they have any further questions.

Read the guide here.

If you’re considering a transfer

The Pensions Regulator, Financial Conduct Authority and Money and Pensions Service has also provided information specifically for members who are considering transferring their pension to another arrangement.

It contains important information on points the members should consider before making a decision and where they should go for impartial guidance. It is always important that you get independent financial advice if you are considering a transfer.

You can read a copy here.