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Company gone into administration - what happens to pension?
HKJHR2012
Posts: 1 Newbie
My company has gone into administration, I have since found out that the pension payments that have been deducted by the company for the last year have not been paid into my pension pot. Where do I stand with this?
I have tried contacting the pensions regulator, who passed me to moneyhelper.org.uk, who told me to contact the pension company (NEST) who told me I need to speak to my employer, but I can't because the company no longer exists!
Want to know if there is any way I am able to claim my payments and add them to my pension pot?
I have tried contacting the pensions regulator, who passed me to moneyhelper.org.uk, who told me to contact the pension company (NEST) who told me I need to speak to my employer, but I can't because the company no longer exists!
Want to know if there is any way I am able to claim my payments and add them to my pension pot?
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Comments
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I think your best bet would be to contact the administrators and lodge a claim. Not sure where you would fit in the pecking order when it comes to any money being distributed, but hopefully quite near the top.0
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I have since found out that the pension payments that have been deducted by the company for the last year have not been paid into my pension pot.Technically, that is fraud.told me I need to speak to my employer, but I can't because the company no longer exists!if the company no longer exists as a legal entity then it is game over. Once dissolved, it's gone. However, if it does still exist but is in administration, then you need to speak to the administrators about this as you become a creditor.
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.1 -
You may want to look at https://www.moneyhelper.org.uk/en/pensions-and-retirement/pension-problems/what-happens-to-your-pension-if-your-employer-goes-out-of-businessand the linked https://www.moneyhelper.org.uk/en/pensions-and-retirement/building-your-retirement-pot/paying-pension-contributions-on-time
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