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
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