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AIG pensions

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I currently have a ongoing personal pension with AIG which I've still got another 35 years before i retire.
Following the news that they are in trouble I'm trying to find out if my contributions are safe if they collaspe?
Can anyone help as cant find out anywhere on what protection/rights there are.

Comments

  • dunstonh
    dunstonh Posts: 119,722 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The life and pensions limit applies to pensions. This is 100% of the first £2,000 plus 90% of the remainder of the claim.

    If its unit linked, I wouldnt be overly concerned. If its with profits then I suggest you review it. Even then, you tend to find AIG are not that competitive so you could see this as the opportunity to review the plan against modern alternatives.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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