PFRDA

If a working person (UK) is facing bankruptcy is their pension fund in jeopardy?

I have a friend who potentially is facing bankruptcy. She is in good job and is in the NHS pension scheme though she is many years from retirememnt. It has been suggested that the Insolvency Service can apply to earmark some of her pension fund but is this true? Does anyone know any good weblinks where i might find further reading on the subject? Thanks in anticipation of your help.

Public Comments

1. The answer seems to be yes unfortunately. I've included a link in the sources that might be able to help you read up on the subject, although the 2nd link suggests otherwise, I think it depends on the type of pension scheme. Sorry I can't be of any more help.
2. Apparently a pension may be protected depending on when a person is made bankrupt. If the petition is recent them looks as though it will be protected. Best get advice to be sure though.