Workplace pension safety/risk

remorseless

Russe11 wrote: »

They can and likely will do a bail-in some time in the future, how far away that is from happing is hard to predict.

What you can be sure of is that the current pound will finish at some point. Devaluing the currency can only go so far.

The banks could close on the Friday, all accounts over £75k get taxed 10% of the balance announced over the weekend, Monday morning you have less money.

There is no reason why any financial holding can not be claimed by the state, its not your money once you have lent iit to a third party.

This would be a pretty dire state of the economy, in which not just my pension would be affected I am assuming!

pathtofreedom

How long have you been in the pension scheme there? Some companies have a rule that if you leave in the first 2 years they give you x amount of time to transfer it to a new pension else they refund you your contributions and keep their ones. It all varies by company and what's in the t's and c's though.

atush

Russe11 wrote: »

Creditors can have a claim against pension assets.

Otherwise it would be beneficial to just run up debts and move money under a pension wrapper and then go bankrupt.

Only if they are of an age where they can draw from the pension.