What happens if your employer becomes insolvent

Our assessment period

When an employer becomes insolvent we'll start the ‘assessment period’.

This is when we, and others work with, make sure all the data is accurate and that members are receiving the right benefits. We'll also obtain a valuation to find out if the scheme has enough assets to secure PPF levels of benefits.

On average this process takes two years to complete. It has to be completed before a scheme can be taken over, or 'transfer', to us.

If your pension scheme is in our assessment period, you should contact the trustees in charge of your scheme. They'll be able to tell you about the level of benefits you might receive and answer any questions you might have.

Checking member data is accurate

During our assessment period, your scheme trustees are required to ensure that the addresses held for all members are current and accurate.

To do this, the trustees may use Target Professional Services (UK) Limited to help verify that the details we hold for you are correct. Target may contact you directly, by either letter, phone or email. 

Find out more about Target.