Answered by Andrew Jenkinson
No. Pension benefits held in a final salary scheme are protected by the Scheme Rules and Government legislation. Therefore, the pension benefits you’ve built up by the time you leave the company will at least receive statutory increases until you retire.
If you hold a money purchase personal pension, the pension fund is held in your own name and will continue to accumulate depending on the underlying assets of the fund. However, employer contributions into your pension pot will stop.
You can transfer a defined contribution pension to a new pension fund if you move employers.
Frequently Asked Pensions Advice Questions
Excellent service at convenient times of the day specified by me. All product options were clearly outlined and I am very pleased.
First class service. Helped me through the process from start to finish. Egle and Francis were very professional and talked me though all my options. Once the policies were set up, the after care after was also first class. Highly recommend. 5 stars all day long.
Victoria was very helpful about selection of suitable insurance. She always answered all questions in a timely manner.