Why your pension could be at risk

By: Alex Hartley Apr 07, 2016 Why your pension could be at risk For many of us, there has been little positive economic news to shout about in recent months and the pensions issues that emerged in February of this year have given us even more cause for concern. It was reported widely in the news that thousands of people could find that they end up losing savings put aside for pensions as a result of the new auto enrolment schemes that have been introduced by the government over the past couple of years. What’s happened? Thanks to the Pensions Act 2008, every employer in the UK now has an obligation to make sure that certain staff are enrolled into a pension scheme, and contribute towards it  On the face of it this seems like a great idea. However, the industry regulator – the Pensions Regulator – has said that a number of these pension schemes, in particular the smaller ones, could end up collapsing, which would mean that anyone who had their savings in one would lose everythin


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