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FSCS publishes advice for those engaged in pension tracing

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Published on: 29 October 2021

Published by LNB News

LNB News 29/10/2021

Document Information

Issue Date: 29 October 2021

Published Date: 29 October 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Services Compensation Scheme (FSCS) has published guidance informing workers how to trace lost pension pots and how to ensure that the money recovered is FSCS protected in honour of the first National Pension Tracing Day on 31 October 2021. It is estimated that 1.6 million pension pots are waiting to be recovered, amounting to a total of £19.4bn. The guidance explains that, without FSCS protection, the recovered money could be at risk if the pension provider goes out of business.

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