Government protected savings amount - Pension funds

Elderr

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.

Thrugelmir

Your investments are ringfenced. Fidelity crashing wouldn't make them worthless. Unless there was a momumental fraud. 

Albermarle

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

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.

Elderr

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

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?