Pension and Administration

Stardust

Hi all,

Sorry if is this is in the wrong place or should be an easy answer. Can anyone tell me what happens to a pension that is held by a company that has gone or could be about to go into administration? The pension in question is help by the the Dixons Group.

Thank you :beer:

jack_spratt_2

Providing the scheme (fund)is run by your company and is an eligible member of the pension protection fund it may apply for protection from the fund the link below will tell you about it
http://www.pensionprotectionfund.org.uk/

If the pension is a member you may receive up to 90% of the benefits you would have received depending on when and your age when you request the pension.
If the pension payments were not paid into a fund run by your company and into a fund run by a third party it should be separate from your company

EdInvestor

Stardust wrote: »

The pension in question is help by the the Dixons Group.

Do you mean DGSI , formerly Dixons, owners of Currys and PC World? I know it's tough in the retail business at present but what makes you think this company is going into administration?