Are your pensions and investments FSCS protected?
Pensions and investments are among the most complicated financial products out there. Take the time to check they're FSCS protected now for peace of mind later on.
FSCS protection provides a safety net for a range of life events, from mortgage advice when buying a home to insurance when travelling on your dream holiday or buying a new car. If your authorised financial provider goes bust, we can step in to pay compensation. One of the most significant life stages we can protect is your retirement, with our pensions and investments cover.
New research we carried out found that almost a quarter (24%) of retirees between the age of 55 and 75 ranked retirement as a point in their life that had a big impact on them emotionally. Most retirees we asked said that good planning was the key to a successful transition to retirement: almost two-thirds (63%) recommended planning your finances early.
So, as well as thinking about how you'll fill all your free time when you retire, it’s important to think about your money too.
We've launched a new campaign to highlight the importance of checking your pensions and investments are FSCS protected. Pensions and investments are among the most complicated financial products out there and they can be very confusing. If you have a pension or investment - or you're thinking of getting one - take the time to check that it's FSCS protected, just in case something goes wrong.
Answer a few simple questions to check your pension's protection with the FSCS Pension Protection Checker.
Visit our investments page for handy tips and step-by-step guidance on how to check your investment is FSCS protected.
Latest News from
Gefion Insurance A/S has failed08/06/2021 10:25:00
The Financial Services Compensation Scheme (FSCS) declared that Gefion Insurance A/S (“Gefion”) failed 7 June 2021.
How much is your annual 'peace of mind' bill?24/05/2021 10:25:00
Is there such a thing as insuring your insurance? And if there is, how much would it cost for that financial peace of mind? You may be surprised to learn that the answer is actually…nothing.
FSCS welcomes big step forward in preventing phoenixing18/05/2021 14:10:00
FSCS provides statement on the FCA’s new consultation paper aimed at tackling phoenixing.
FSCS confirms latest 2021/22 levy forecast of £833m14/05/2021 10:25:00
FSCS yesterday published its latest Outlook report, which confirms its updated levy forecast for 2021/22.
The worrying rise in online financial scams13/05/2021 10:20:00
Every claim we pay represents a consumer that has suffered and preventing consumer harm is something we are passionate about at FSCS. I would like to give an update on what we are doing to tackle a growing and particularly toxic threat to consumers: scams.
Reflections as I enter my second (and final) term as Chair06/05/2021 14:10:00
As Marshall Bailey has been confirmed by HM Treasury and the Bank of England for a second term as FSCS Chair, he shares with us the achievements he's most proud of from his first three years with FSCS.
One in five retirees have considered riskier products due to low interest environment28/04/2021 14:10:00
With retirees considering riskier investments, FSCS highlights its investment protection explainer video and new Pension Protection Checker tool to guide consumers on how to check if their products are FSCS protected.
Finding the needle in the haystack26/04/2021 14:10:00
Over the coming year, we're expecting the rise in complex pension advice claims to continue, and more self-invested personal pension (SIPP) operators to fail.