retirement pension

henryj

I have recently retired (august ) and have received one payment from my company pension, with the current upheaval in the money markets how safe is my future payments ?

Dean101

If your pension is from a company final salary scheme and paid direct from the company pension fund, it depends (as ever) on

• how well (and prudently) funded the scheme is
• how suitably invested
• how able the company is to make up any current or future shortfall in funds that might arise (strength of company)
• etc

All pension scheme members should receive annual summary funding statements from the Trustees of their scheme along the lines of this general template

http://www.thepensionsregulator.gov.uk/pdf/Document4aExampleOfSummaryFunding.pdf

Even though this is only a general template, it's a good clear read and gives you an idea of some of the general issues. There is now a Pension Protection Fund that will take over payments for members of insolvent schemes/companies as you'll see in the attachment.

Hope this helps.

EdInvestor

henryj wrote: »

I have recently retired (august ) and have received one payment from my company pension, with the current upheaval in the money markets how safe is my future payments ?

Final salary company pensions in payment are protected from loss up to around 25k p.a. IIRC under the pension Protection Fund.