Pension protection

Ollivander

I understand that the government protects pension funds up to a certain amount in case companies go bust, however, my fund is already above that amount.
My partner and I are in the process of starting new pensions and have been advised that it is OK for us to both use the same company.
Is this good advice or should we be using different companies to protect ourselves more?
Thanks

dunstonh

If you are using unit linked funds or direct investments then it really isnt a concern. The Investment FSCS protection only really then covers fraud as the assets will be ringfenced from the pension provider so the provider cannot access them. There are exceptions to that but only in a minority of cases. Remember investments are very different to deposits.