Panasonic pension

Notebook

Hi
I have a pension with Panasonic in the uk. Had a letter offering me 3 times the fund to move it elsewhere as did all other members. Financial advisers appointed by them said leave it there due to its nature - guaranteed etc.
Just found an article in the FT saying Fitch have downgraded them and given junk ratings...
My question would be, what would happen if the company went under?

As you can probably see I have little knowlege of pension game.
Thanks

mania112

Your final salary pension is indeed a valuable pension, and it's near impossible to match the benefit Panasonic will provide you, in a 'money purchase' alternative.

You should leave it, in almost every case.

If Panasonic go belly-up, the Pension is protected. There is cover for 90% of what you would be due to expect, up to circa £30k per year.

Even though it's not fully 100% protected, its still much better sticking with it.

Having said that if Panasonic are currently offering a guaranteed pension at retirement of £5k per year (let's say) but if you leave now they'll transfer £1m to an alternative, things might be different....