Safety and security

Taking less investment risk as you get closer to retirement can help you get a clearer idea of how much you’ll have to live on in later life. 

Most pensions these days are defined contribution schemes. Generally speaking, that means what you pay in - including personal, third party, and employer contributions, investment returns, and tax relief - is what you have at retirement.

If you have a pension with PensionBee, it’ll likely be covered for up to 100% of its value under the FSCS. However, not all pensions receive full coverage, or are covered at all.

Your pension will likely be a vital part of your retirement planning. So, it’s important to get the peace of mind that your pot is secure and held with a trustworthy provider. 

If you’re in the unfortunate position of having been scammed, it’s important to know what to do next. Find out what to do and where to report it.