Hi,
Is there a compensation scheme in place in the event of a pension provider going bankrupt?
If not, what recourse does a pension plan holder have in the event of a liquidation?
I know the fund is separate entity from the company that manages it, but presumably if the company goes belly up then the fund has to wind up and distribute it's assets to the holders.
Thanks
Seiko
Is there a compensation scheme in place in the event of a pension provider going bankrupt?
If not, what recourse does a pension plan holder have in the event of a liquidation?
I know the fund is separate entity from the company that manages it, but presumably if the company goes belly up then the fund has to wind up and distribute it's assets to the holders.
Thanks
Seiko