Are annuities protected if the provider fails?
Find clear, straightforward answers to common questions about pensions, retirement planning, investments, fees and charges, and the services we provide.
Yes. UK annuities are covered by the Financial Services Compensation Scheme (FSCS), which protects 100% of your payments if your provider becomes insolvent.
Also In this section:
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Can I combine an annuity with drawdown?
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How are annuity rates calculated?
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When’s the best time to buy an annuity?
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Can I leave money to family?
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Are annuities protected if the provider fails?
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Do I need financial advice?
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Can I have more than one annuity?
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Can I use a defined benefit pension to buy an annuity?
