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Government protected savings amount - Pension funds

Hi,
I have two workplace pension funds with the same company (Fidelity).  If the worst case happened and Fidelity crashed would I only be covered for £85k total or £85k per pension?  Neither pension amounts to £85k yet but i was considering transferring in money from a 3rd pension fund (with another company) which given a couple more years investment would likely push the total invested amount above the £85k limit.  Thanks.

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Your investments are ringfenced. Fidelity crashing wouldn't make them worthless. Unless there was a momumental fraud. 
  • Albermarle
    Albermarle Posts: 28,503 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    We get similar questions on the forum every day . The risk of Fidelity or similar going bust is extremely small . They are not banks taking risks lending your money to people who might not pay it back. Your money is in the investments within the pension, not with Fidelity itself. 
  • SonOf
    SonOf Posts: 2,631 Forumite
    1,000 Posts Fourth Anniversary
    Pension funds get 100% FSCS protection with no upper limit.  However, I suspect you are not using pension funds but UT/OEICs or ITs/ETFs.
    It is the assets you invest in that matter.  
    e.g. Pension funds 100%.,  UT/OEICs £85k per fund house. ETFs/ITs/Shares - no FSCS protection.

  • I think they are just straight pension funds.  i have never heard of UI/OEIC/ETF/ITs but after a quick google i'm pretty confident i don't have those.  I will now happily move my 3rd fund to combine it with my fidelity funds then. Thanks
  • Mr.Saver
    Mr.Saver Posts: 521 Forumite
    Fifth Anniversary 500 Posts Name Dropper Photogenic
    Elderr said:
    I think they are just straight pension funds.  i have never heard of UI/OEIC/ETF/ITs but after a quick google i'm pretty confident i don't have those.
    I have a few Tesla cars. I think they are just straight normal cars. i have never heard of EV/CAV but after a quick google i'm pretty confident i don't have those.
    Are you sure about that?
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