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Protecting your pension savings

We can’t always shield your pension from the effects of economic uncertainty during the lifetime of this long-term investment, but there are things you can do if you believe your pension fund has been mismanaged or to protect yourself from scams.

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How is my pension protected?

Our workplace pensions are protected by the Financial Services Compensation Scheme (FSCS) so you could claim compensation from them (subject to certain limits and conditions) in the unlikely event we’re unable to fulfil our financial obligations to you.

See your member’s booklet for more information or visit fscs.org.uk.

The FSCS does not protect you from falls in value due to stock market volatility or currency fluctuations.

How can I protect my pension and stay safe from scams?

The current situation has led to an increased risk of scams and fraud. Scams are often smart, sophisticated and hard to spot so we've put together the information below to help you protect yourself.