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Can pension companies go bust?
deepoo
Posts: 40 Forumite
Once I buy an annuity, is it protected against the pension company going bust, like banks having deposits guaranteed to £85k?
If not, should I split my pension pot and buy annuities from several pension companies?
If not, should I split my pension pot and buy annuities from several pension companies?
0
Comments
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Annuities are protected under the FSCS insurance scheme.If not, should I split my pension pot and buy annuities from several pension companies?
No.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.0
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