People with company pensions are being targeted by a new fact sheet that aims to provide information about the Pension Protection Fund and the support it can offer.
The booklet, entitled Help! My employer has gone bust … and I think I might lose my pension, has been developed by the public financial services corporation as part of its Protecting People's Pensions campaign.
And employees with company pensions will be able to obtain it through the pension body's website, pension scheme trustees and several financing advisory services.
Lawrence Churchill, chairman of the Pension Protection Fund, has explained the purpose of the public awareness drive.
"This initiative is designed to help provide confidence to people who may be worried about losing their pensions through their employers going bust," he said.
In March 2007, the company pensions scheme operated by collapsed automaker MG Rover was officially transferred to the Pension Protection Fund.
The transfer, which was the largest in the history of the pensions body, meant that more than 6,000 former MG Rover employees were offered pension payment security.
It was the ninth scheme to be adopted by the Pension Protection Fund.
New booklet offers support to people with company pensions fears
Pensions Quote Line
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New booklet offers support to people with company pensions fears
Thu, 07 Jun 2007
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