LoginRegister

Teachers Logo
  • Home
  • About Us
  • Advice
  • Seminars
  • News
  • Downloads
  • Contact
Home/News/Teachers Pension/Keeping your pension safe

Keeping your pension safe

07/06/2020 Racheal Smith

Keeping your pension safe

Recently, the Pensions Regulator asked that scheme administrators demonstrate additional vigilance against pension scammers. There are new schemes attempting to lure people into a “safe haven” pension scheme during the current COVID-19 crisis.

The scam could impact you if you are thinking of transferring your pension into another scheme. It is essential that you demonstrate extreme caution at this time and visit ScamSmart before making any financial decision at this time.

When you transfer your pension, it should only be passed onto another government-backed scheme. Therefore, we believe your pension is safe in the Teachers’ Pension Scheme.  We know that your pension entitlements can only be transferred out to public service schemes such as those offered by the Local Government, NHS, Police and firefighters, to name a few.

If you qualify for other pensions, outside the Teachers’ Pension Scheme, be sure to ask for independent professional advice before making any decisions about your benefits.

This is an uncertain time and people are praying on vulnerabilities. Remember to check out ScamSmart before making any significant choices with your money or investments.

The content in this article was correct on 15th May 2020. You should not rely on this article to make important financial decisions. Teachers Financial Planning offers advice on the different types of retirement available with the Teachers’ Pension Scheme. Please use the contact form below to arrange an informal chat with an advisor and see how we can help you.

Posted under: Teachers Pension

Tagged in: Scams



Make an Enquiry

Please complete and send the short contact form below and we will come back to you as soon as possible.

Teachers TFP logoIndependent Financial Advisors logo
  • Site Map
  • Legal
  • Privacy
  • Careers
  • Complaints

Teachers Financial Planning Limited is an appointed representative of Corbel Partners Limited which is authorised and regulated by the Financial Conduct Authority.

Content on this website is provided for information purposes only and should not be considered advice.

Information contained in this website is based upon UK legislation and regulation and is targeted at consumers based in the UK.

Registered Office: St James Business Centre, Wilderspool Causeway, Warrington, WA4 6PS. Teachers Financial Planning are registered in England & Wales Company Registration Number 07612896.

Data Protection Register Number: Z2662669.



© 2011-2025 Teachers Financial Planning Limited.
Website designed and developed by Carpe Diem